The risks that Russia's war in Ukraine will trigger a global financial crisis

Ukraine and Russian flags with stock market graph

The risks that Russia's war in Ukraine will trigger a global financial crisis

Yiorgos Allayannis, Robert Bruner, Scott Miller, Elina Ribakova, Ian Solomon

Tuesday, May 03, 2022
11:00AM - 12:00PM (EDT)
Event Details

A panel of Miller Center experts and guests examine the economic impact and global financial ramifications of Russia’s war in Ukraine. In particular, the panel assesses whether Russia is likely to experience an all-out crisis, and if so, how it might affect the European economy and global financial markets. Two years into the COVID-19 pandemic and with hopes for some recovery on the horizon, does this evolving crisis stymie the long-anticipated world economic recovery?

This event is made possible thanks to the generous support of the George and Judy Marcus Democracy Praxis Fund

Tuesday, May 03, 2022
11:00AM - 12:00PM (EDT)
Online webinar
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Yiorgos Allayannis

Yiorgos Allayannis is the Robert F. Bruner Distinguished Professor of Business Administration and former associate dean of Darden's Global Executive MBA (GEMBA) program. He is an expert in corporate finance, risk management, financial institutions and international finance. His work has examined the impact of derivatives on risk and firm value, corporate governance and its influence in a firm's use of derivatives for hedging, as well as firms' financial and operational hedging strategies. Other work has examined volatility and its implications for firm value distinguishing between earnings and cash flow volatility. His research has been published in leading finance journals, such as the Journal of Finance, the Journal of Financial Economics and the Review of Financial Studies.

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Robert Bruner

Robert Bruner, Miller Center faculty senior fellow, is University Professor at the University of Virginia, distinguished professor of business administration, and dean emeritus of the Darden School of Business. He has also held visiting appointments at Columbia University, INSEAD in France, and IESE in Spain. He has a forthcoming visiting appointment at Harvard. He is the author, co-author, or editor of more than 20 books on finance, management, and teaching. A faculty member since 1982 and winner of leading teaching awards at the University of Virginia and within the Commonwealth of Virginia, he teaches and conducts research in finance and management.

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Scott Miller

Scott Miller is lecturer and research associate at the UVA Darden School of Business and a research fellow at the Miller Center. From 2019 to 2021, he held a postdoctoral fellowship in economic and business history at the Yale School of Management's International Center for Finance. As an economic historian, Miller examines the development of modern economic systems, particularly during periods of instability and volatility. While not perfect stand-ins for 21st-century development stories, early America and 1840s Europe proxy the symbiotic relationship between macroeconomic forces, institutions, political systems, cultural values, and contingent events in the development process.

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Elina Ribakova

Elina Ribakova directs the IIF’s economic research on emerging markets. She was previously a visiting fellow at Bruegel, where her research focused on financial markets, EMs, and central banks. Prior to Bruegel, she held senior level roles in economic research at a diverse set of financial institutions, most recently with Deutsche Bank in London as Head of EEMEA Research, as well as leadership positions at Amundi (Pioneer) Asset Management, Avantium Investment Management, and Citigroup. She has also taught graduate and undergraduate courses at the Stockholm School of Economics and given guest lectures at the London School of Economics, New Economic School in Moscow, and Chicago Booth in London.

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Ian Solomon

Ian Solomon is dean of the Frank Batten School of Leadership and Public Policy, where he leads a multidisciplinary faculty of scholars and practitioners who are committed to creating new knowledge, developing ethical and effective leaders, and advancing solutions to humanity’s greatest policy challenges. Trained as a lawyer, Solomon is a devoted student and teacher of both negotiation and conflict resolution. Solomon served in the U.S. Senate as legislative counsel to then-Senator Barack Obama. Later, under the Obama administration, he was the U.S. executive director for the World Bank Group, where he championed private-sector development in Africa and negotiated a range of multi-stakeholder agreements.