Studies in Economics and Finance, Год журнала: 2024, Номер unknown
Опубликована: Авг. 24, 2024
Purpose As the onset of Russia–Ukraine military conflict on February 24, 2022, individuals from Ukraine have been relocating in search safety and refuge. This study aims to investigate how influx Ukrainian refugees has impacted stock markets exchange rates Ukraine's neighboring states. Design/methodology/approach The authors focused countries that share a western border with received highest number refugees: Hungary, Poland, Romania Slovakia. analysis covered period April 24 December 31, 2022. After this period, influence is small, insignificant. Wavelet coherence, wavelet power spectrum time-varying parameter vector autoregressions method were used for data processing. Findings key finding are as follows: link exists between dynamics volatility indices rate host countries; was significant first weeks after start all analyzed states; recorded Hungary Poland; effect stronger than rates. Originality/value To best authors’ knowledge, it research presents impact analyzed.
Язык: Английский