In their working paper, Andrew Karoly and Todolfo Martell examine the impact on stock prices in the aftermath of terrorist attacks. The study identifies 75 attacks on publicly traded firms between 1995 and 2002 from the Counterterrorism Office of the U.S. Department of State and elucidates the market effect of these attacks. A comprehensive understanding of the nature of terrorism and its effects is integral to the prevention of such attacks.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
Special operations play a critical role in how the United States confronts irregular threats, but to have long-term strategic impact, the author argues, numerous shortfalls must be addressed.
The author analyzes the potentially serious consequences, both at home and abroad, of a lightly overseen drone program and makes recommendations for improving its governance.
Two experts argue that despite myriad development strategies, only one can succeed in alleviating poverty in India: the overall growth of the country's economy. More