Miniatura

Fitxers

IR22_004_Dodd+Fdez+Sosvilla.pdf (1.06 MB)

Tipus de document

Document de treball

Data de publicació

2022

Llicència de publicació

cc-by-nc-nd, (c) Dodd et al., 2022
Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/187101

Currency and commodity return relationship under extreme geopolitical risks: Evidence from the invasion of Ukraine

Títol de la revista

Autors

Director/Tutor

ISSN de la revista

Títol del volum

Recurs relacionat

Resum

We examine the relationship between currency and commodity returns around the invasion of Ukraine in February 2022. We find that the expected positive contemporaneous relationship between currency and commodity returns reverses and becomes negative during this period of extreme geopolitical risks. In addition to commodity returns, currency returns around the invasion of Ukraine are significantly affected by geopolitical factors, particularly geographic distance to the war. Our results indicate that a war between two major commodity-exporting countries significantly affects global currency pricing.

Matèries

Canvi exterior, Mercat financer, Valor (Economia), Moneda, Ucraïna

Matèries (anglès)

Foreign exchange, Financial market, Value (Economics), Money, Ukraine

Citació

Col·leccions

Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))

Citació

DODD, Olga, FERNÁNDEZ-PÉREZ, Adrián, SOSVILLA RIVERO, Simón. Currency and commodity return relationship under extreme geopolitical risks: Evidence from the invasion of Ukraine. _IREA – Working Papers_. 2022. Vol.  IR22/04. [consulta: 25 de gener de 2026]. [Disponible a: https://hdl.handle.net/2445/187101]

Exportar metadades

JSON - METS

Compartir registre