The terrorist attacks that have occurred in the past few years around the world have raised international awareness of … the danger of terrorism and its complex repercussions on the financial markets. This paper explores the ways in which … strengthened so as to further enhance the resilience of financial markets to terrorism …

The money laundering (ML) and terrorist financing (TF) risks associated with conventional finance are generally well …

This paper provides an empirical analysis of how the frequency and severity of terrorism affectgovernment revenue and … expenditure during the period 1970-2013 using a panel dataset on153 countries. We find that terrorism has only a marginal negative … alternative specifications and empirical strategies. On the other hand, we find strongevidence that terrorism is associated with …

in global interest rates and volatility. We test for the presence of (i) a financing channel originating from changes in …. Furthermore, the intensity of the financing channel diminishes for firms in countries with lower public debt, higher foreign …

(SMEs) in the world. The paper provides empirical evidence on the drivers of SME access to finance for a large sample of …

fiscal consolidations, especially for small firms, domestic firms, and for firms with limited alternative financing sources …

We construct a Financial Conditions Index (FCI) for Greece as a surveillance tool to quantify the degree of the stress … (EA) as a whole and show that although the developments in the EA were qualitatively in line with those in Greece, they … were quantitatively much milder. Our results confirm that monetary transmission was less effective in Greece compared to …

recovery. Similarly, PDs derived from CDS data are risk-neutral and may need to be adjusted when extrapolating to real world …

Germany, Greece, Ireland, Italy, Spain and Portugal. The stability ofGermany is a close proxy for the resilience of the euro … to theirrelative importance in the region. Changes in Greece's sovereign CDS had no significant effect on Germany …