Безопасность и контроль над вооружениями 2015-2016. Международное взаимодействие в борьбе с глобальными угрозами
Subject. Features of terrorist attacks which have an impact on stock indices. 117 terrorist acts committed in different countries for the last 28 years (1988-2016) were studied. Particular attention was given to the Russian specific characters.
Aims. To assess the impact of terrorist attacks on the dynamics of stock indices. It will let market participants make better decisions and avoid excessive losses. Eventually it will help the stock market go through a terrorist attack with minimum negative consequences.
Methodology. The methodology comprises historical-logical, graphical, statistical and comparative analysis. It let us describe the impact of different features of terrorist attacks on the dynamics of stock indices. We also systematized analytical information in this field of knowledge.
Results. It was found that the impact of terrorist attacks on the dynamics of stock indices depends on a few factors: a number of victims, a level of an economic development of a country, a day of the terrorist attack, etc. It was proved that the previous market trend has a significant influence on the dynamics of the stock index after the attack. Moreover, it should be noted that the impact of terrorist attacks on different industries is different and depends on a number of factors.
Findings. It was shown that in most cases terrorist attacks have a significant impact on the dynamics of stock indices. According to this, investors should not make rash decisions in order to avoid losses. Results of this work can be used by investors, market-makers and other market participants.
The various aspects of the relationship between Russia and the United States, Russia and countries of the European Union in the context of the Syrian crisis are analyzed. The role of international institutions (UN, NATO, EU) in conflict transformation process examined. Particular attention is paid to the prospects of cooperation between Russia and the West to repel the threat posed by the ISIL.
Despite the efforts of law enforcement agencies of the world's leading countries, the influence of radical movements has become much stronger in last decades. Terrorist acts lead to a sharp destabilization in the country especially in its economy. Although the number of terrorist acts is growing, their impact on the financial markets is still barely studied. That is why the aim of this work is to define the general nature of the impact of terrorist attacks on world stock markets. For this purpose, the authors use data for nineteen countries for the period from 1988 to May 2017. The situational analysis, which is based on this data, made it possible to identify the main trends in the impact of terrorist attacks on the dynamics of market indices in developed and developing countries, and also to describe Russian specifics. The conclusions of this work can be useful to market agents as well as to the organizers of trades and regulators, for the formation of timely and correct measures to stabilize the financial system in such situations.