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Terrorist incidents exert a negative, albeit generally short-lived, impact on markets and equity returns. Given the integration of global financial markets, mega-terrorist events also have a high contagion potential with their shock waves being transmitted across countries and markets. This...
Persistent link: https://www.econbiz.de/10011335432
Financial markets react to major political events. The two nuclear tests conducted by North Korea in 2006 and 2009 were a sober confirmation of the nuclear weapon capacity of this state with the concomitant potential security threat this posed for the stability of the greater region. We examine...
Persistent link: https://www.econbiz.de/10011335433
We examine the effects of the North Korea-U.S. summit and related events on the South Korean stock market over the period March 2018 to June 2018. Employing the event study methodology, we estimate sectoral abnormal returns following the events surrounding the summit and conduct several...
Persistent link: https://www.econbiz.de/10014001435
This survey provides an in-depth analysis of existing research on the economic analysis of terrorism and counter …-terrorist measures. First the existing evidence on the causes of terrorism is analyzed, then we consider the evidence of the consequences … of terrorism and we demonstrate why it is important to regarding of the issue of counter-terrorism policy. Moreover the …
Persistent link: https://www.econbiz.de/10010291786
This survey provides an in-depth analysis of existing research on the economic analysis of terrorism and counter …-terrorist measures. First the existing evidence on the causes of terrorism is analyzed, then we consider the evidence of the consequences … of terrorism and we demonstrate why it is important to regarding of the issue of counter-terrorism policy. Moreover the …
Persistent link: https://www.econbiz.de/10010291788
standard property insurance and for catastrophe coverage (here, terrorism). We find that larger companies are more likely to … insurance for non-catastrophe risks. This result differs from the findings on individual demand for insurance. The terrorism … price elasticity of the demand for terrorism insurance is half in this area relative to the rest of the country. …
Persistent link: https://www.econbiz.de/10010294811
We test whether immigrants are more prone to support terror than natives because of lower opportunity costs, using the international World Values Survey data. We show that, in general, economically, politically and socially non-integrated persons are more likely to accept using violence for...
Persistent link: https://www.econbiz.de/10010305939
There is growing awareness that development-oriented government policies may be an important counterinsurgency strategy, but existing papers are usually unable to disentangle various mechanisms. Using a regression-discontinuity design, we analyze the impact of one of the world's largest...
Persistent link: https://www.econbiz.de/10011307362
The paper provides a rare case study of terrorism and counter-terrorism within a closed society, carried out under a … blanket of official secrecy. This case is unexpectedly revealing in what it tells us about terrorism, counterterrorism, and …
Persistent link: https://www.econbiz.de/10011335385
Camera surveillance has recently gained prominence in policy proposals on combating terrorism. We evaluate this … evidence on crime, we expect camera surveillance to have a relatively smaller deterrent effect on terrorism than on other forms …
Persistent link: https://www.econbiz.de/10011335400