Bedowska-Sojka, Barbara; Demir, Ender; Zaremba, Adam - 2022
employ wavelet coherence analysis to study the impact of geopolitical risk on various types of securities. We found that … different asset classes exhibited unequal risk sensitivity in both magnitude and timescale. Bonds and stocks displayed strong …, silver, and oil proved the most resistant to geopolitical risk fluctuations. Hence, they may serve as the best hedge against …