Russia-Ukraine war and systemic risk: Who is taking the heat?

被引：100

作者：

Qureshi, Anum ^{[1
]}

Rizwan, Muhammad Suhail ^{[1
]}

Ahmad, Ghufran ^{[1
]}

Ashraf, Dawood ^{[2
]}

机构：

[1] Natl Univ Sci & Technol NUST, Islamabad, Pakistan

[2] Islamic Dev Bank Inst, Jeddah, Saudi Arabia

来源：

FINANCE RESEARCH LETTERS | 2022年 / 48卷

关键词：

Systemic risk; Russia-Ukraine war; Spillover risk; Spillover Sanctions;

D O I：

10.1016/j.frl.2022.103036

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

The Russia-Ukraine conflict has increased systemic vulnerabilities of the global financial system. We develop a database of news events and investigate the systemic risk implications of the conflict on Russia, Ukraine, France, Germany, Italy, the UK, the USA, and China. Results show that systemic instability costs of the conflict go beyond Russia and Ukraine. Sanctions cause systemic risk spillovers to European countries and the USA. Study findings caution against the accumulation of systemic risk as sanctions may adversely affect the rest of the world aside from the main target -Russia.

引用

页数：7

共 13 条

[1] The drivers of systemic risk in financial networks: a data-driven machine learning analysis [J].