Do Terror Attacks Affect the Euro? Evidence from the 21st Century

نویسندگان

چکیده

The objective of this paper is to examine whether terror attacks that took place in the Eurozone 21st century had a significant effect on price Euro. Its novelty twofold: it first study assesses impact such events Euro and employs relatively large number these events. event-study methodology used deduce whether, after event, value declines vs. other major currencies. We found does not, since following an decline was seldom over 0.5%. also found, however, evidence some diversion safe-haven currencies, as Swiss Franc. Regression analysis revealed factors ‘number attacks’, ‘type target’ attack’, but not casualties, affected

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ژورنال

عنوان ژورنال: Journal of risk and financial management

سال: 2021

ISSN: ['1911-8074', '1911-8066']

DOI: https://doi.org/10.3390/jrfm14080349