The Impact of Terrorism on Financial Markets

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�...

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Bibliographic Details
Main Author: Croitoru, Oana
Other Authors: Johnston, R.
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2005
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a The Impact of Terrorism on Financial Markets  |c Oana Croitoru, R. Johnston 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2005 
300 |a 22 pages 
651 4 |a United States 
653 |a Depository Institutions 
653 |a Banks 
653 |a Banks and banking 
653 |a Micro Finance Institutions 
653 |a Terrorism financing 
653 |a Mortgages 
653 |a Illegal Behavior and the Enforcement of Law 
653 |a Criminology 
653 |a Terrorism, armed struggle 
653 |a Money laundering 
653 |a Banks and Banking 
653 |a Anti-money laundering and combating the financing of terrorism (AML/CFT) 
653 |a Banking 
653 |a Corporate crime; white-collar crime 
653 |a Terrorism 
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520 |a 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