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We estimate the direct and indirect impact of Russian sanctions on the global equity markets since the Russian invasion of Ukraine. Countries that impose sanctions on Russia have higher institutional quality and lower corruption scores. Sanctions against Russia on average cost 0.11 trillion USD...
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The period from 1980 onwards is referred to as the phase of globalization and liberalization. This phase is also associated with financialization and wars for hegemonic control over global resources. All these developments during this period need to be understood in terms of capital's renewed...
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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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On February 24, 2022, Russia invaded Ukraine. In this paper, we analyze the response of European and worldwide stock markets and a representative sample of commodities to this event and compare it against the recent Covid-19 pandemic and the not-too-distant 2008 global financial crisis. We...
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