000 01519nam a2200205 4500
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_d49747
003 OSt
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008 180511b ||||| |||| 00| 0 eng d
100 _aKobbi, Hassen
_931461
245 _aThe Effect of Political Instability and Terrorism on Tunisian Financial Market
300 _a7-17 p.
520 _aThis paper aims to investigate the effect of political instability and terrorism on Tunisian financial market. Estimation of Power ARCH model between 2005 and 2015 provides support for the negative effect of informal political instability (assassinations and revolution), formal political instability (major government crises and a number of major constitutional changes) and terrorism on the Tunisian financial market. Moreover, the results highlight assassination as a source of political risk, as it has more significant and greater effect on stock market returns as compared to other sources of political instability. Thus, this result is very important for government authorities who should create a security system for all people and in particular for the members of the political parties to ensure the stability and performance of the Tunisian financial market.
653 _aTerrorism
653 _aSecurities markets;
653 _aAssassinations & assassination attempts;
653 _aStock exchanges
700 _aAbdelhedi, Mouna
_931462
773 0 _030428
_970147
_aMURTHY, E N
_dIUP PUBLICATION HYDERABAD
_o5558571
_tAPPLIED ECONOMICS
942 _2ddc
_cJA-ARTICLE