We investigate the presence of financial linkages between Turkey and Greece. In particular, we estimate bivariate vector error correction systems between the Greek and Turkish stock markets and then between the Greek Drachma and the Turkish Lira to test for long and short run causality and...

In this Policy Briefing we look at authorities' relative counterterrorism effectiveness focusing on its behavior over time, its impact on preventing casualties and property losses. The study underlying this Policy Briefing used data on transnational terrorism from the ITERATE database (1973 -...

In this Policy Briefing, we address two important questions. We look at the drivers of concern about terrorism and find that beyond individual characteristics, it is also affected by the occurrence of terrorism. When distinguishing between permanent and transitory terrorism, the first has a much...

In this Policy Briefing, we review the available terrorism databases by focusing on their characteristics, advantages and disadvantages. This serves as a guide for policymakers and academic researchers alike. The rapid and accelerating development of security economics has generated great demand...

In this Policy Briefing, we discuss two important questions: (i) whether and how terrorism shocks are transmitted across international stock markets, (ii) what is the role of behavioral factors in explaining these stock market reactions. According to our findings terrorism shocks are indeed...