Article ID Journal Published Year Pages File Type
5061816 Economics Letters 2008 4 Pages PDF
Abstract

In this paper we investigate the effects of terrorism on the financial markets. Evidence from six different financial markets shows that terror has a significant impact on both stock markets and the stock market volatility, and the magnitude of these effects are larger in emerging markets.

Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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The price of terror: The effects of terrorism on stock market returns and volatility
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