The Impact of Terrorism on Financial Markets

March 1, 2005

Preview Citation

Format: Chicago

Oana M Croitoru, and R. B. Johnston The Impact of Terrorism on Financial Markets, (USA: International Monetary Fund, 2005) accessed September 19, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Money laundering, Terrorism, Terrorism financing

Keywords: Firm, Government, Market, Market participant, Market volatility, WP

Publication Details

Pages:

22
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2005/060
Stock No:

WPIEA2005060
ISBN:

9781451860795
ISSN:

1018-5941

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