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The objective of this paper is to examine whether terror attacks that took place in the Eurozone in the 21st century had a significant effect on the price of the Euro. Its novelty is twofold: it is the first study that assesses the impact of such events on the price of the Euro and employs a...
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long-run. However, the negative effect of terrorism tends to be small in both the short-run and long-run. More precisely …
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