Skip navigation
Full metadata record
DC FieldValueLanguage
dc.contributor.authorAmihud, Yakov-
dc.contributor.authorWohl, Avi-
dc.date.accessioned2008-05-30T10:58:28Z-
dc.date.available2008-05-30T10:58:28Z-
dc.date.issued2003-06-
dc.identifier.urihttp://hdl.handle.net/2451/27194-
dc.description.abstractThis paper studies the association between the market’s expectations of Saddam Hussein’s fall from power, reflected in "Saddam conact" prices, and stock prices, oil prices and exchange rates. During the war, a rise in the probability of Saddam’s fall, which also indicated a speedy end to the war, was positively and significantly associated with stock prices, sengthened the dollar against the Euro, and lowered oil prices. Before the war, a rise in the probability of Saddam’s fall, which may have also indicated the probability of a costly war breaking out, lowered stock prices, which adjustment gradually to this information.en
dc.language.isoen_USen
dc.relation.ispartofseriesFIN-03-019en
dc.subjectpolitical risken
dc.subjectwar and the stock market,en
dc.subjectwar and exchange ratesen
dc.titlePolitical News and Stock Prices: The Case of Saddam Hussein Conactsen
dc.typeWorking Paperen
Appears in Collections:Finance Working Papers

Files in This Item:
File Description SizeFormat 
wpa03019.pdf396.38 kBAdobe PDFView/Open


Items in FDA are protected by copyright, with all rights reserved, unless otherwise indicated.