We investigate the geopolitical risk transmission between G7-BRICS countries and commodity futures prices. We find geopolitical instability after the outbreak of the Russia-Ukraine conflict. In a context where the G7 countries geopolitically influence the BRICS and vice versa, we also find that the United States, Germany, India and Russia emerge as the predominant source of spillovers. The futures prices most influenced by geopolitical risks are those relating to energy.
Geopolitical Risks' Spillovers Across Countries and on Commodity Markets. A Dynamic Analysis / Palomba, Giulio; Tedeschi, Marco. - In: ENERGY RESEARCH LETTERS. - ISSN 2652-6433. - STAMPA. - (In corso di stampa).
Geopolitical Risks' Spillovers Across Countries and on Commodity Markets. A Dynamic Analysis
Palomba, Giulio;Tedeschi, Marco
In corso di stampa
Abstract
We investigate the geopolitical risk transmission between G7-BRICS countries and commodity futures prices. We find geopolitical instability after the outbreak of the Russia-Ukraine conflict. In a context where the G7 countries geopolitically influence the BRICS and vice versa, we also find that the United States, Germany, India and Russia emerge as the predominant source of spillovers. The futures prices most influenced by geopolitical risks are those relating to energy.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
