The impact of the Ukraine–Russia war on world stock market returns

Whelsy Boungou (1) , Alhonita Yatié (1)

1 BSE - Bordeaux Sciences Economiques

Using stock returns from a sample of 94 countries over the period from 22 January to 24 March 2022, we document a negative relationship between the Ukraine–Russia war and world stock market returns. We thus provide the first empirical evidence.

Mots clés: Stock index; War; Ukraine; Russia

Domaines: Économie et finance quantitative [q-fin]

Whelsy Boungou, Alhonita Yatié. The impact of the Ukraine–Russia war on world stock market returns. Economics Letters, 2022, 215, pp.110516. ⟨10.1016/j.econlet.2022.110516⟩. ⟨hal-03675532⟩