Publikationen des Projekts: A New Agenda for European Security Economics (EUSECON)

Rogue State Behavior and Markets: The Financial Fallout of North Korean Nuclear Tests

Financial markets react to major political events. The two nuclear tests conducted by North Korea in 2006 and 2009 were a sober confirmation of the nuclear weapon capacity of this state with the concomitant potential security threat this posed for the stability of the greater region. We examine how ten regional stock exchanges and currency markets reacted to this security development and these two ...

Terrorism Induced Cross-Market Transmission of Shocks: A Case Study Using Intraday Data

Terrorist incidents exert a negative, albeit generally short-lived, impact on markets and equity returns. Given the integration of global financial markets, mega-terrorist events also have a high contagion potential with their shock waves being transmitted across countries and markets. This paper investigates the cross-market transmission of the London Stock Exchange's reaction to the terrorist attacks ...

Combating Money Laundering and the Financing of Terrorism: A Survey

Policy programs on anti-money laundering and combating the financing of terrorism (AML/CFT) have largely called for preventive measures like keeping record of financial transactions and reporting suspicious ones. In this survey study, we analyze the extent of global money laundering and terrorist financing and discuss the preventive policies and their evaluations. Moreover, we investigate whether more ...

Why Militant Groups Fight Each Other: The Role of Support, Political Objectives and Revenge

Most of the research on terrorism studies the relationship between militant groups and targeted states. This means that we actually know little about the role of violence in intergroup relationships. Previous research has claimed that such forms of violence occur regularly but underlying patterns and motives remain under-researched. This paper seeks to advance understanding of inter-terrorist group ...

Whose Support Matters for the Occurrence of Terrorism?

EU Civilian Crisis Management and Organisational Learning

Commentators and policy-makers stress the need to learn the lessons of EU civilian crisis management. Yet despite numerous case studies mission performance, we know little about the EU's overall capacity for such learning. The first part of this article outlines a theoretical framework for analysing organisational learning in the context of peace operations. It recommends focusing on administrative ...

Between Great Transformation and Politics as Usual: Formal and Informal Security Governance in EU Counterterrorism Policy

Debates about EU counterterrorism policy commonly oscillate between promises of a supranational 'great transformation' and reminders regarding the realities of intergovernmental 'politics as usual'. Yet, the paper argues that post-9/11 EU counterterrorism has come to encompass a broader set of formal and informal policies and structures that extends beyond this dichotomy. The emerging system of security ...

Assessing the EU's Added Value in the Area of Terrorism Prevention and Violent Radicalisation

This paper questions the effectiveness and the prospects of EU efforts to prevent terrorism and violent radicalisation. After the terrorist of attacks of Madrid and London,, member states agreed on a comprehensive strategy to prevent radicalisation and recruitment into terrorism, but simultaneously underlined the limits of EU competences. The European Commission therefore focused on indirect measures, ...

Employment Restrictions and Political Violence in the Israeli-Palestinian Conflict

Following the outbreak of the Second Intifada in 2000, Israel imposed severe restrictions on the employment of Palestinians within its borders. We study the effect of this policy change on the involvement of West Bank Palestinians in fatal confrontations during the first phase of the Intifada. Identification relies on the fact that variation in the pre-Intifada employment rate in Israel across Palestinian ...

Security Economics in the European Context: Implications of the EUSECON Project

This paper presents key aspects and policy implications of a multi-annual research project on economic analyses of European security issues (EUSECON), with an emphasis on intentional threats of organised crime, piracy and terrorism. The first part argues that rational models can provide significant insights on the emergence and current patterns of terrorism and piracy. These findings could lead to ...