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This book analyzes the political obstacles to economic recovery, and the economic consequences of democratic political reforms. The contributors focus on rulers of shaky states where civil strife has caused economic devastation. If rebuilding requires regime change, are we asking these...
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This report assesses the immediate impact of Russia’s war against the people of Ukraine on global financial markets …, and the continuing potential for spillovers into those markets. While the war has not yet caused a number of existing … reviews a range of interrelated channels which could transmit shocks from Russia’s war to global financial markets, from …
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Introduction -- The importance of warfare -- Europe's urban rise -- Evaluating the safe harbor effect -- Evaluating the warfare-to-wealth effect -- Warfare to wealth in comparative perspective -- Epilogue
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We investigate the event-based geopolitical shocks from the Russian invasion of Ukraine on selected agricultural and energy commodities using daily event-based structural vector autoregression (SVAR). We find that the geopolitical shock affects the markets of wheat (3%) and European natural gas...
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