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Contribution Details

Type Master's Thesis
Scope Discipline-based scholarship
Title The Impact of the Ukraine-Russian conflict of 2022 to the US and EU banking sector
Organization Unit
Authors
  • Neshat Alili
Supervisors
  • Steven Ongena
Language
  • English
Institution University of Zurich
Faculty Faculty of Business, Economics and Informatics
Date 2022
Abstract Text The Russia-Ukraine war started on February 24, 2022. Its prelude and the actual war had differing effects on the US and European Bank Holding Companies. In this analysis we use the event study methodology to assess the effect of five different war related events on the investor’s behavior with regards to US and European based BHCs. For our analysis we use financial indicators to give information about the investor’s behavior. The outcome shows mixed results with a more significant impact in the European than in the US based BHCs. Overall, the statistical analysis shows that the conflict remains a potential source for affecting investors. While the US based BHCs seem to be insulated from the war and the imposed sanctions, the European based BHCs are more affected. The surprising part of the results is that the investors do not seem to demonstrate concern in their expectations, a factor which seems to be similar for the BHCs of both regions.
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