Terrorism and Market Jitters
AbstractTerrorist actions can have a multitude of economic consequences that may adversely affect a number of economic indices, sectors and activities including growth and investment. From the markets¿ perspective, terrorist attacks are unforeseen events that, depending among other things on their magnitude, the number of casualties, the extent of the damages, the targets hit; shake and rattle them. Such incidents can also have a high contagion potential with the shock waves travelling quickly from one market to another. Nevertheless, the negative impact on markets from terrorist attacks is, in comparative terms, mild and short-lived.
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Bibliographic InfoPaper provided by DIW Berlin, German Institute for Economic Research in its series EUSECON Policy Briefing with number 21.
Length: 4 p.
Date of creation: 2012
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-06-16 (All new papers)
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- Kollias, Christos & Manou, Efthalia & Papadamou, Stephanos & Stagiannis, Apostolos, 2011. "Stock markets and terrorist attacks: Comparative evidence from a large and a small capitalization market," European Journal of Political Economy, Elsevier, vol. 27(S1), pages S64-S77.
- Bruce Champ, 2003. "Open and operating: providing liquidity to avoid a crisis," Economic Commentary, Federal Reserve Bank of Cleveland, issue Feb.
- Bruck, Tilman & Wickstrom, Bengt-Arne, 2004. "The economic consequences of terror: guest editors' introduction," European Journal of Political Economy, Elsevier, vol. 20(2), pages 293-300, June.
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