Kód: 06821565
Does violence have any financial effects? In order §to answer this question, it is useful to consider if §violence has an economic shock. Just like any §typical adverse shock, violence can have an economic §impact if it induces un ... celý popis
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Does violence have any financial effects? In order §to answer this question, it is useful to consider if §violence has an economic shock. Just like any §typical adverse shock, violence can have an economic §impact if it induces uncertainty in a region and §consequently decreases investment opportunities in §the affected area. The act of violence explored in §this study is the 1998 bombing that occurred in §Coimbatore, India, as a result of religious tension §between the Hindu and Muslim communities. The §vehicle of analysis is a bidding Rosca (chit fund), §and the outcomes explored are arrear rates and §winning bids. More specifically, this paper aims to §determine whether individuals in Roscas affected by §the bomb blasts have higher arrear rates and more §volatile winning bids compared to participants in §the unaffected Roscas.
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