The effects of war risk on U.S. financial markets
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Author
Contributions
- Sack, Brian. - Contributor
- National Bureau of Economic Research. - Contributor
Publication
2003 - National Bureau of Economic Research, Cambridge, Mass, Massachusetts
Language
English
Word Count
3,500 words, Guess
Page Count
14 pages
Identifiers
- OCLC Control Number52293077
- Open LibraryOL17613241M
Alternate Titles
- Effects of war risk on United States financial markets.
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 "war risk" 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"--Federal Reserve Board web site.
Subjects
Series Statement
- NBER working paper series -- no. 9609.
- Working paper series (National Bureau of Economic Research) -- working paper no. 9609.
Links
Other Editions
- The effects of war risk on U.S. financial markets
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