{
  "title": "The Impact of Terrorism on Financial Markets",
  "publication": "IMF Working Papers, March 1, 2005",
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  "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.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- The paper examines how financial markets reacted to recent terrorist attacks and how authorities responded.\n- Well-functioning financial markets, supported by prompt and effective actions by relevant authorities, were generally efficient in absorbing shocks from terrorist attacks.\n- The paper discusses market and regulatory responses to terrorist attacks and identifies elements to strengthen to further enhance financial market resilience to terrorism."
    },
    {
      "heading": "Market responses and findings",
      "content": "- Financial markets reacted to terrorist attacks with observable shocks that markets and participants absorbed.\n- Market efficiency in absorbing shocks was bolstered by prompt and effective reactions from relevant authorities.\n- The analysis focuses on interactions among firms, governments, and market participants in the context of market volatility after attacks."
    },
    {
      "heading": "Regulatory and policy responses",
      "content": "- The paper reviews regulatory responses to terrorist attacks and the role of authorities in stabilizing markets.\n- Emphasis is placed on the need for regulatory elements to be strengthened to enhance market resilience to terrorism.\n- Subject areas explicitly covered include Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Money laundering, Terrorism, and Terrorism financing."
    },
    {
      "heading": "Recommendations and areas for strengthening",
      "content": "- Strengthen the elements of market structure and regulation that underpin resilience to terrorist shocks (specific elements are discussed in the paper).\n- Ensure prompt and effective responses from relevant authorities to support market functioning during and after terrorist incidents.\n\n---\n\n Content in this bundle\n\n- Wp0560\n  - Wp0560 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Wp0560 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/the-impact-of-terrorism-on-financial-markets-17974"
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    "Authors: Oana M Croitoru, R. B. Johnston",
    "Published: March 1, 2005",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451860795.001",
    "The paper examines how financial markets reacted to recent terrorist attacks and how authorities responded.",
    "Well-functioning financial markets, supported by prompt and effective actions by relevant authorities, were generally efficient in absorbing shocks from terrorist attacks.",
    "The paper discusses market and regulatory responses to terrorist attacks and identifies elements to strengthen to further enhance financial market resilience to terrorism.",
    "Financial markets reacted to terrorist attacks with observable shocks that markets and participants absorbed.",
    "Market efficiency in absorbing shocks was bolstered by prompt and effective reactions from relevant authorities.",
    "The analysis focuses on interactions among firms, governments, and market participants in the context of market volatility after attacks.",
    "The paper reviews regulatory responses to terrorist attacks and the role of authorities in stabilizing markets.",
    "Emphasis is placed on the need for regulatory elements to be strengthened to enhance market resilience to terrorism.",
    "Subject areas explicitly covered include Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Money laundering, Terrorism, and Terrorism financing.",
    "Strengthen the elements of market structure and regulation that underpin resilience to terrorist shocks (specific elements are discussed in the paper).",
    "Ensure prompt and effective responses from relevant authorities to support market functioning during and after terrorist incidents.",
    "**Wp0560**"
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