War Finance

Selection of topics

1. Trading on Terror using Short-Selling (Jackson and Mitts 2023)

2. Economic Effects of the Russia-Ukraine War (Liadze et al. 2022, Rose et al. 2023)

3. War Finance and Inflation in Germany (Balderson 1989)

4. The Impact of Terrorism on Financial Markets (Chesney et al. 2011)

5. Select your Own Topic on War Finance

Organization

• Each seminar participant has to choose one topic from the selection above. Credit points are granted for preparing a term paper and presenting the results in form of a power point presentation. Students are expected to rely on academic articles and to present the findings contained therein.
• Topics will be assigned to students on a first-come, first-served basis. Students should send an e-mail to martin.bohl@wiwi.uni-muenster.de with a shortlist of three preferred topics.
• Each student has to prepare and submit a term paper comprising at least 15 pages. The term paper is supposed to contain a cover page, a table of contents, a reference list (bibliography) and – where applicable – an appendix. There are no style requirements, however, margins, font size, spacing and so forth should be chosen appropriately. Deadline for paper submission is January 19, 2025. Please, send a PDF-version to martin.bohl@wiwi.uni-muenster.de.
• Each student needs to prepare his/her own seminar paper and a power point presentation. The presentation is supposed to last about 20 minutes and should be send not later than January 19, 2025 to martin.bohl@wiwi.uni-muenster.de.
• The seminar will take place in the form of a block course on October 7, 2024 (kick-off-meeting) and January 20, 2025 (presentations) from 6:00 p.m. to 7:30 p.m. in room STA2, Am Stadtgraben 9.
• The final grade is based on the term paper (80%) and on the presentation/participation during the seminar (20%). Please be aware that enrollment for the class should be carried out at the examination office (Prüfungsamt) for the early deadline of the winter term 2024/2025 (vorgezogener Termin). Please register for the class on Learnweb. You will find the enrollment key in due on our website.
• 6 Credit points can be obtained for this class (Master, PO 2015). Course language is English only.
• Topics will be supervised by Prof. Dr. Bohl. Students should send the outline and structure of the term paper before-hand via e-mail to martin.bohl@wiwi.uni-muenster.de so that the contents can be discussed.

Literature

Balderson, T., War Finance and Inflation in Britain and Germany, 1914 - 1918, The Economic History Review, Vol. 42, No. 2, May, 1989, 222 - 244.

Chesney, Marc, Reshetor, Ganna and Karaman, Mustafa, The impact of terrorism on financial markets: An empirical study, Journal of Banking and Finance, 2011, vol. 35, issue 2, 253 - 267.

Liadze, Iana, Macchiarelli, Corrado, Mortimer-Lee, Paul and Sanchez Juanino, Patricia, Economic costs of the Russia-Ukraine war, The World Economy, September 2022.

Jackson, Jr., Robert J. and Mitts, Joshua, Trading on Terror? December 2023, available at SSRN: https://ssrn.com/abstract=4652027 or http://dx.doi.org/10.2139/ssrn.4652027

Rose, Adam, Chen, Zhenhua and Wei, Dan, The economic impacts of Russia-Ukraine war export disruptions of grain commodities, Applied Economic Perspectives and Policy, February 2023