An empirical analysis of the economic impact of federal terrorism reinsurance

This paper examines the role of the federal government in the market for terrorism reinsurance. We investigate the stock price response of affected industries to a sequence of 13 events culminating in the enactment of the Terrorism Risk Insurance Act (TRIA) of 2002. In the industries most likely to...

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Veröffentlicht in:	Journal of monetary economics 2004-07, Vol.51 (5), p.861-898
Hauptverfasser:	Brown, Jeffrey R., Cummins, J.David, Lewis, Christopher M., Wei, Ran
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic impact Economic theory Event study Fear Federal government Finance Insurance Monetary economics Organized crime Property & casualty insurance Reinsurance September 11 Stock prices Studies Terrorism U.S.A
Online-Zugang:	Volltext
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