An expanding body of literature has addressed the question of the economic impact terrorist attacks have. A part of this literature has focused on the impact recent major terrorist hits had on financial markets. The question addressed by this paper is to what extent markets' reaction to major...

The impact of large-scale terrorist attacks has clear implications for financial market participants and corporate risk management. In this paper, that impact is measured in the intraday trading patterns of participants in the London stock market. A two-scale realized volatility (TSRV) estimator...

In this paper we study the response of vote shares to economic fluctuations and conflict. Spain seems to be the ideal niche for a case study like this since it has experienced both phenomena during the last decades. Recent Spanish democratic history has witnessed four complete economic cycles,...