World
The Matteo Iacoviello Geopolitical Risk Historical Index puts current levels of geopolitical risk in historical context. Geopolitical risk remains elevated by historical standards consistent with past episodes of armed conflict. However, the daily measure of geopolitical risk shows considerable divergence from expected relationships with financial market volatility, the USD and the oil price. Either markets are unduly complacent or they are looking through the current tensions as short-lived and unlikely to spillover into a much broader conflict.
Keep reading with a 7-day free trial
Subscribe to APAC Daily Chart Book to keep reading this post and get 7 days of free access to the full post archives.