The price of terror: The effects of terrorism on stock market returns and volatility
K Arin (),
Davide Ciferri and
Economics Letters, 2008, vol. 101, issue 3, pages 164-167
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: Multivariate; GARCH; Stock; prices; Volatility (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (20) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:eee:ecolet:v:101:y:2008:i:3:p:164-167
Access Statistics for this article
Economics Letters is currently edited by Economics Letters Editorial Office
More articles in Economics Letters from Elsevier
Series data maintained by Zhang, Lei ().