Paris Terrorism Attacks: Interdisciplinary Studies of Insider Trading and Money Laundering on Global Scale

In this paper, we investigate past research and the development of knowledge and practice in the area of countering money laundering and terrorist financing. Additionally, we draw attention to the gaps in the preventive mechanisms adopted by countries to fight against AML & ATF and to highlight...

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Main Authors: Stefano de Nichilo, Rahma Sandhi Prahara
Format: Article
Language:English
Published: Universitas KH Abdul Chalim, Prodi Ekonomi Syariah 2022-01-01
Series:Indonesian Interdisciplinary Journal of Sharia Economics
Subjects:
Online Access:https://e-journal.ikhac.ac.id/index.php/iijse/article/view/1785
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author Stefano de Nichilo
Rahma Sandhi Prahara
author_facet Stefano de Nichilo
Rahma Sandhi Prahara
author_sort Stefano de Nichilo
collection DOAJ
description In this paper, we investigate past research and the development of knowledge and practice in the area of countering money laundering and terrorist financing. Additionally, we draw attention to the gaps in the preventive mechanisms adopted by countries to fight against AML & ATF and to highlight areas for possible future research. There are various avenues to invest and one of those is Stock Market. But the decision of the investor depends on various factors. One of the factors which affects the behavior of investment is Terrorism. The paper focuses on short run and long run association and influence of terrorism on major global stock indices and Gold. We have taken Paris attacks of 2015 as base and ARDL model is used to study the short run and long run impact on the selected stock indices. We find that terrorism has got short run impact on the global indices but there is no long run impact.
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spelling doaj.art-e17d0ee38a02406796e0e7c2c9c2ff622024-02-02T06:40:01ZengUniversitas KH Abdul Chalim, Prodi Ekonomi SyariahIndonesian Interdisciplinary Journal of Sharia Economics2621-606X2022-01-015110.31538/iijse.v5i1.1785Paris Terrorism Attacks: Interdisciplinary Studies of Insider Trading and Money Laundering on Global ScaleStefano de Nichilo0Rahma Sandhi Prahara1University of Cagliari, Cagliari, ItalyInstitut Pesantren KH. Abdul Chalim, Mojokerto, Indonesia In this paper, we investigate past research and the development of knowledge and practice in the area of countering money laundering and terrorist financing. Additionally, we draw attention to the gaps in the preventive mechanisms adopted by countries to fight against AML & ATF and to highlight areas for possible future research. There are various avenues to invest and one of those is Stock Market. But the decision of the investor depends on various factors. One of the factors which affects the behavior of investment is Terrorism. The paper focuses on short run and long run association and influence of terrorism on major global stock indices and Gold. We have taken Paris attacks of 2015 as base and ARDL model is used to study the short run and long run impact on the selected stock indices. We find that terrorism has got short run impact on the global indices but there is no long run impact. https://e-journal.ikhac.ac.id/index.php/iijse/article/view/1785TerrorismGlobal IndicesParis AttacksInvestors
spellingShingle Stefano de Nichilo
Rahma Sandhi Prahara
Paris Terrorism Attacks: Interdisciplinary Studies of Insider Trading and Money Laundering on Global Scale
Indonesian Interdisciplinary Journal of Sharia Economics
Terrorism
Global Indices
Paris Attacks
Investors
title Paris Terrorism Attacks: Interdisciplinary Studies of Insider Trading and Money Laundering on Global Scale
title_full Paris Terrorism Attacks: Interdisciplinary Studies of Insider Trading and Money Laundering on Global Scale
title_fullStr Paris Terrorism Attacks: Interdisciplinary Studies of Insider Trading and Money Laundering on Global Scale
title_full_unstemmed Paris Terrorism Attacks: Interdisciplinary Studies of Insider Trading and Money Laundering on Global Scale
title_short Paris Terrorism Attacks: Interdisciplinary Studies of Insider Trading and Money Laundering on Global Scale
title_sort paris terrorism attacks interdisciplinary studies of insider trading and money laundering on global scale
topic Terrorism
Global Indices
Paris Attacks
Investors
url https://e-journal.ikhac.ac.id/index.php/iijse/article/view/1785
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AT rahmasandhiprahara paristerrorismattacksinterdisciplinarystudiesofinsidertradingandmoneylaunderingonglobalscale