The Ukraine-Russia War and Systemic Financial Stress

Whelsy BOUNGOU, Francis OSEI-TUTU, Alhonita YATIE, Amara ZONGO

In this paper, we investigate the impact of the ongoing conflict between Ukraine and Russia on systemic risk infinancial markets. Using daily systemic risk data from 28 countries between December 2021 and April 2022, wehighlight strong financial stress since the invasion of Ukraine by Russia. In doing so, we provide the first evidence ofthe impact of the Ukraine-Russia war on systemic risk.

Publication type: 
Scientific Article
Date de parution: 
Economics Bulletin