Response of financial stress in Russia, China, and USA: the role of global geopolitical and economic uncertainty
Journal: R-Economy
Year: 2025

Relevance. The interconnectedness of global financial markets implies that shocks in one region can have widespread implications. The recent geopolitical tensions in the Middle East and Western Europe, have significantly heightened Geopolitical Risk (GPR) and Economic Policy Uncertainty (EPU). Country-specific financial stability can experience ripple effects from these external sources of risk, indicating a direct link between geopolitical events and economic policy uncertainties that contribut