TY  - BOOK
AU  - Aizenman,Joshua
AU  - Lindahl,Robert
AU  - Stenvall,David
AU  - Uddin,Gazi Salah
ED  - National Bureau of Economic Research.
TI  - Geopolitical Shocks And Commodity Market Dynamics: New Evidence From The Russian-Ukraine Conflict 
T2  - NBER working paper series
PY  - 2023///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
KW  - General
KW  - jelc
KW  - Information and Market Efficiency • Event Studies • Insider Trading
N1  - December 2023; Hardcopy version available to institutional subscribers
N2  - We investigate the event-based geopolitical shocks from the Russian invasion of Ukraine on selected agricultural and energy commodities using daily event-based structural vector autoregression (SVAR). We find that the geopolitical shock affects the markets of wheat (3%) and European natural gas (12%). However, substantial heterogeneity is observed among the food and energy markets. Geopolitical risk affects the European natural gas market more strongly than the US and Asian markets. The regional segment of natural gas markets could explain this. Finally, the dynamics of the impacts of geopolitical news are analyzed in the stock, currency, and bond markets
UR  - https://www.nber.org/papers/w31950
UR  - http://dx.doi.org/10.3386/w31950
ER  -