Terrorism and Market Jitters

Christos Kollias and Stephanos Papadamou

No 21, EUSECON Policy Briefing from DIW Berlin, German Institute for Economic Research

Abstract: Terrorist 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 onemarket to another. Nevertheless, the negative impact on markets from terrorist attacks is, in comparative terms, mild and short-lived.

Pages: 4 p.
Date: 2012
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