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http://dspace.mediu.edu.my:8181/xmlui/handle/1721.1/1848| Title: | The Effects of War Risk on U.S. Financial Markets |
| Keywords: | War Risk Stock Markets Monetary Policy Identification Heteroskedasticity |
| Issue Date: | 1-Jun-2013 |
| Description: | This paper measures the effects of the risk of war on nine U.S. financial variables using a heteroskedasticity-based estimation technique. The results indicate that increases in the risk of war cause 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 "war risk factor" accounted for a considerable portion of the variance of these financial variables over the ten weeks leading up to the onset of war with Iraq. |
| URI: | http://koha.mediu.edu.my:8181/jspui/handle/1721 |
| Other Identifiers: | http://hdl.handle.net/1721.1/1848 |
| Appears in Collections: | MIT Items |
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