Financial Markets in the Face of the Apocalypse

About this item

Title

Financial Markets in the Face of the Apocalypse

Content partner

University of Canterbury Library

Collection

UC Research Repository

Description

This paper brings together two strands of the literature: Quantifying the impact of apocalyptic risk on capital markets, and the correct computation of the equity risk premium. For the former, we use events in four countries during the Second World War to discern markets' incorporation of information regarding the probability of an Armageddon for each country. We then turn to analyzing the impact of a political col- lapse on the correct computation of the equity risk premium. Arguing that pas...

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Format

Research paper

Date created

2016

Creator

Bialkowski, J. / Ronn E.

URL

http://hdl.handle.net/10092/12488

Related subjects

rare ("black swan") events / equity premium / international political crises / property / civil and human rights / World War II / Economics / Applied economics / Financial economics / Applied Economics / International Economics and International Finance

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More Information

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