In Greek economic history EU accession represents a major milestone. Among other effects, it has acted as a catalyst for the country’s integration in the international economy. This paper investigates whether this can find a modicum of empirical verification in the case of capital mobility and...

The presence of arbitrage opportunities, allowing for market imperfections such as trading costs, may be considered as indication of market inefficiencies. Using high frequency data the paper presents empirical evidence on the efficiency of the FX market. A total of 720 instruments are examined...

With the collapse of bipolarity and the end of the East-West armaments race, defence budgets have shrunk and military expenditures across many countries have fallen, opening-up the prospect of potential beneficial economic spin-offs. In the case of Greece, a country with a higher than average...

Using daily stock and bond returns data from four European countries—France, Germany, Spain, and Great Britain—that have been the victims of significant terrorist activity, this study addresses the issue of whether transnational and/or domestic terrorist attacks have affected in any...

An expanding body of literature has investigated the economic impact of terrorist attacks. A part of this literature has focused on financial markets. We examine three research questions: whether markets' reactions to terrorism have changed through time; whether market size and maturity determine...

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...

This paper examines whether economic conditions affect citizens’ political self-placement on the left–right scale of the political spectrum. A cohort of factors influence and determine such self-placements by citizens including ideology, social values, partisan allegiances, class...