The economic effects of violent conflict
Subtitle: evidence from asset market reactions
By: by Massimo Guidolin and Eliana La Ferrara.
Contributors: La Ferrara, Eliana.; Federal Reserve Bank of St. Louis.
Series: Working paper ;; 2005-066A; Working paper (Federal Reserve Bank of St. Louis : Online) ;; 2005-066A.
Publisher: Federal Reserve Bank of St. Louis
Published: 2005
Place of publication: [St. Louis, Mo.]
Language: eng
Format: Electronic resource
Subjects: War -- Economic aspects.; Social conflict -- Economic aspects.; Polarization (Social sciences)
Description: "This paper studies the effects of conflict onset on asset markets applying the event study methodology.  We consider a sample of 112 conflicts during the period 1974-2004 and find that a sizeable fraction of them had a significant impact on stock market indices and on major commodity prices.  Furthermore, our results suggest that we are more likely to see investor reactions in response to conflicts that occur in highly polarized settings, possibly because the expected duration and intensity of the conflict is higher"--Federal Reserve Bank of St. Louis web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 10/22/2005.
Also available in print.
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Mode of access: World Wide Web.