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In the last days of the electoral campaign for the 2004 general election in Spain, on Thursday March 11th 2004, a series of simultaneous terror attacks caused the death of 191 persons in commuting trains in the capital Madrid. Four days later, the opposition party won the election, against all...
Persistent link: https://www.econbiz.de/10009756944
Given the growing importance of terrorism in today's world, it is essential to understand its impact on the global … various financial indices to assess the impact of the amount of fatal and non-fatal terrorism-related daily casualties and the … suffer from terrorism (-25 percent cumulated loss for TA100). Industries dependent on domestic demand tend to react stronger …
Persistent link: https://www.econbiz.de/10013132262
This paper investigates the magnitude and the duration of the effect of a terrorist attack on stock market indices. We investigate the impact of New York (2001), Madrid (2004), London (2005), Boston (2013), Paris (2015), Brussels (2016), Nice (2016) and Berlin (2016) on the stock indices of the...
Persistent link: https://www.econbiz.de/10012962114
We consider terrorism acts in G7 countries over the period 1998-2017 and examine their impact on a sample of stock …
Persistent link: https://www.econbiz.de/10012891288
We examine the impact of 51 terrorist attacks, three wars, an assassination, and other national security-related shocks on stock markets located in nations proximate to the crises and on American Depository Receipts (ADRs) of firms headquartered in those same nations. ADRs are securities that...
Persistent link: https://www.econbiz.de/10012936246
terrorism on the export of financial services. We find that countries where financial institutions exhibit more depth (measured … as the ratio of total deposits to GDP) and more stability (measured by the z-score) cope much better with terrorism …
Persistent link: https://www.econbiz.de/10012826291
This study explores the impact of terrorist attacks on the European and US stocks markets after the upsurge of attacks that started in November 2015 in Paris. Applying the methodology developed in Eldor and Melnick (2004), we find that these terrorist attacks had a significant impact in the US...
Persistent link: https://www.econbiz.de/10012919616
the decision of the investor depends on various factors and one of these factors is Terrorism. The chapter focuses on the … Long and Short-run Association (LSA) and the influence of terrorism on major global stock indices and Gold. The Paris … indices. An attempt is also made to study the impact of terrorism on the stock returns using the Miller and Modigliani model …
Persistent link: https://www.econbiz.de/10013293002
The main focus of this paper is to study empirically the impact of terrorism on the behavior of stock, bond and … appropriate method among the three for analyzing the impact of terrorism on financial markets. We demonstrate the robustness of … how the results of this approach can be used for investors' portfolio diversification strategies against terrorism risk …
Persistent link: https://www.econbiz.de/10013146160
This paper uses daily data to analyze how stock and foreign exchange markets react to terror.The data distinguishes location, type of attack and target, number of casualties, and the number of attacks per day for 639 terror attacks between 1990 and 2003 in which 1212 people in Israel were killed...
Persistent link: https://www.econbiz.de/10013062129