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Economics of Security Working Paper Series 1 / 2008
This report assesses the literature on the inter-relations between the economy and security with particular focus on terrorism and the "human drivers of insecurity" to identify both available knowledge and crucial research gaps. In addition, the report surveys the European research capacity in the field of security economics. The study is based on a thorough literature survey of the newly emerging ...
2008| Tilman Brück, Marie Karaisl, Friedrich Schneider
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EUSECON Policy Briefing 21 / 2012
Terrorist actions can have a multitude of economic consequences that may adversely affect a number of economic indices, sectors and activities including growth and investment. From the markets' perspective, terrorist attacks are unforeseen events that, depending among other things on their magnitude, the number of casualties, the extent of the damages, the targets hit; shake and rattle them. Such incidents ...
2012| Christos Kollias, Stephanos Papadamou
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EUSECON Policy Briefing 20 / 2012
The processes whereby security policy tackles security challenges and converts them into security priorities (at least since September 11, 2011) are criticized by experts working in the field as erratic and susceptible to media and society pressures. We are always being warned of the emergence of new threats requiring close attention of the relevant authorities and security forces, but the existing ...
2012| Oldrich Krulík, Libor Stejskal
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EUSECON Policy Briefing 19 / 2012
In this Policy Briefing we look at authorities' relative counterterrorism effectiveness focusing on its behavior over time, its impact on preventing casualties and property losses. The study underlying this Policy Briefing used data on transnational terrorism from the ITERATE database (1973-2003) and discrete choice models, to evaluate relative counterterrorism effectiveness while controlling for a ...
2012| Christos Kallandranis, Konstantinos Drakos, Nicholas Giannakopoulos
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EUSECON Policy Briefing 18 / 2012
International policy standards in the fight against money laundering and terrorist financing are set forth by the Financial Action Task Force (FATF) recommendations on Anti-money laundering (AML)/Combating the financing of terrorism (CFT) policies. While those standards are very high and require, for example, financial businesses to strictly pursue the "know your customer principle", countries compliance ...
2012| Stefan Haigner, Friedrich Schneider, Florian Wakolbinger
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EUSECON Policy Briefing 17 / 2012
Yearly revenues from transnational criminal activity account for USD 1 to 1.6 trillion, and a wide variety of methods is employed to transfer those revenues across borders and launder it. The specific type of crime largely determines the choice of methods. Terrorists, for example, use both "legal" as well as illegal activity, in particular drug dealing, to raise funds, and largely employ the formal ...
2012| Stefan Haigner, Friedrich Schneider, Florian Wakolbinger
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EUSECON Policy Briefing 16 / 2012
In this Policy Briefing, we review the available terrorism databases by focusing on their characteristics, advantages and disadvantages. This serves as a guide for policymakers and academic researchers alike. The rapid and accelerating development of security economics has generated great demand for more and better data, to accommodate the empirical research agenda. We also discuss data shortages and ...
2012| Christos Kallandranis, Konstantinos Drakos
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EUSECON Policy Briefing 15 / 2012
While the existing empirical literature shows that poverty and economic conditions are not correlated with the quantity of terror, theory predicts that poverty and poor economic conditions may affect the quality of terror. Poor economic conditions may lead more able individuals to participate in terror attacks, allowing terror organizations to send betterqualified terrorists to more complex, high-impact ...
2012| Claude Berrebi, Esteban F. Klor
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EUSECON Policy Briefing 14 / 2011
In this Policy Briefing, we discuss two important questions: (i) whether and how terrorism shocks are transmitted across international stock markets, (ii) what is the role of behavioral factors in explaining these stock market reactions. According to our findings terrorism shocks are indeed diffused cross-nationally in a non-uniform manner. Economic channels such as the degree of a country's integration ...
2011| Christos Kallandranis, Konstantinos Drakos
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EUSECON Policy Briefing 13 / 2011
The terrorist threat has increased in importance over the last decade and Western governments have implemented a multitude of measures to address it. Their numbers and the significant financial cost they involve have, however, not been matched with an adequate evaluation of effectiveness. We can therefore only make limited statements on whether or not counterterrorism policy has been effective. Three ...
2011| Eric van Um, Daniela Pisoiu