Geopolitical shocks and market memory: evidence from crypto and energy assets during the Russo-Ukrainian war

The study reveals how the Russo-Ukrainian war has profoundly affected both energy stocks and cryptocurrencies, challenging the informational efficiency of financial markets. As geopolitical tensions soared, market reactions highlighted the vulnerabilities of these assets to external shocks, suggesting that traditional risk management strategies may need reassessment. This research underscores the importance of understanding how geopolitical events can ripple through financial markets, influencing everything from energy prices to digital currencies. The findings provide crucial insights for investors navigating the complexities of today's globalized and volatile financial landscape.