The Effects of War Risk on U.S. Financial Markets
This paper measures the effects of the risk of war on nine U.S. financial variables using a heteroskedasticity-based estimation technique. The results indicate that increases in the risk of war cause declines in Treasury yields and equity prices, a widening of lower-grade corporate spreads, a fall i...
| Những tác giả chính: | , |
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| Định dạng: | Working Paper |
| Ngôn ngữ: | en_US |
| Được phát hành: |
2003
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| Những chủ đề: | |
| Truy cập trực tuyến: | http://hdl.handle.net/1721.1/1848 |