Discussion Paper
How U.S. Bank Stock Prices Respond to Geopolitical Risk
Abstract: Geopolitical risk has emerged as a central driver of global financial markets, with episodes such as Russia's invasion of Ukraine and recent conflicts in the Middle East triggering sharp movements in asset prices and increases in market volatility. But not all industries are exposed to such shocks in the same way (Caldara and Iacoviello 2022; Culver, Niepmann, and Shen 2025).
https://doi.org/10.17016/2380-7172.4091
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https://www.federalreserve.gov/econres/notes/feds-notes/how-u-s-bank-stock-prices-respond-to-geopolitical-risk-20260602.html
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2026-06-02
Number: 2026-06-02