• Media type: E-Book
  • Title: The Effects of War Risk on U.S. Financial Markets
  • Contributor: Sack, Brian P. [Author]; Rigobon, Roberto [Other]
  • imprint: [S.l.]: SSRN, [2003]
  • Extent: 1 Online-Ressource (18 p)
  • Language: Not determined
  • DOI: 10.2139/ssrn.412281
  • Identifier:
  • Origination:
  • Footnote: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 2003 erstellt
  • Description: This paper measures the effects of the risks associated with the war in Iraq on various U.S. financial variables using a heteroskedasticity-based estimation technique. The results indicate that increases in what we call the quot;war riskquot; factor caused declines in Treasury yields and equity prices, a widening of lower-grade corporate spreads, a fall in the dollar, and a rise in oil prices. This factor accounted for a considerable portion of the variances of these financial variables over the three months leading up to the arrival of coalition forces in central Baghdad
  • Access State: Open Access