The determinants of the cross-market transmission mechanism for terrorist shocks are explored, focusing on two major terrorist events and 68 national stock markets. We generate daily abnormal returns from a three-factor world asset pricing model. Abnormal returns are then regressed on proxies of...

The extant literature has established that the occurrence of major terrorist events leads to negative abnormal returns not only to the location of the event, but also to third countries. However, the literature has neither investigated which are the diffusion mechanisms of terrorist shocks, nor...

Camera surveillance has recently gained prominence in policy proposals on combating terrorism. We evaluate this instrument of counterterrorism as resting on the premise of a deterrence effect. Based on comparative arguments and previous evidence on crime, we expect camera surveillance to have a...