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The Impact of Terrorism on Financial Markets
Author:
Mrs. Oana M Croitoru
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Mr. R. B. Johnston
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Series:
IMF Working Papers
Volume/Issue:
Volume 2005: Issue 060
Language:
English
Publication Date:
01 Mar 2005
DOI:
https://doi.org/10.5089/9781451860795.001
ISBN:
9781451860795
ISSN:
1018-5941
Pages:
22
Keywords:
WP; market; government; market participant; firm; market volatility
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The terrorist attacks that have occurred in the past few years around the world have raised international awareness of the danger of terrorism and its complex repercussions on the financial markets. This paper explores the ways in which financial markets reacted to the attacks and the authorities' responses. Well-functioning financial markets, bolstered by the prompt and effective reaction of the relevant authorities, were generally efficient in absorbing shocks stemming from terrorist attacks. The paper discusses market and regulatory responses to the terrorist attacks and the elements that should be strengthened so as to further enhance the resilience of financial markets to terrorism.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund