University of Twente Student Theses


The influence of Ukrainian Crisis on selected financial markets

Kmin, Piotr (2015) The influence of Ukrainian Crisis on selected financial markets.

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Abstract:The purpose of this thesis is to investigate the impact of the Ukrainian Crisis (2013-present) on the selected stock markets. The paper aims in analyze behavior of investors facing extreme situation as well as in finding if selected indices follow any patterns and if this kind of political and social crisis impacts them. The first chapter states research questions and contains an introduction to this paper. Second part is devoted to literature review. It analyzes current state of academic knowledge on a range of topics connected to the research topic: impact of information on markets, patterns in investors’ behavior and other features potentially impacting markets and investors, like macroeconomic announcements. In the third chapter extensive long-term analysis of selected stock indices (MICEX, MICEX Financials, MICEX Oil & Gas, UX, WIG Ukraine) are presented. The chapter covers also calculations of abnormal returns based on CAPM. Fourth chapter delivers short-term analysis. This part directly links most extreme events from the market to the events from the Ukrainian Crisis and the other way round: it shows how the most severe episodes from Ukraine impacted the markets. The paper is concluded with summary and conclusions in chapter five.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:83 economics
Programme:Industrial Engineering and Management MSc (60029)
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