Shock, external and shock, exogenous (external shock, exogenous shock)

Uncertainties in (financial) markets caused by unforeseeable, unpredictable events such as the death of a business partner, the insolvency of a state, revolution, war, earthquakes, floods and other natural disasters, as well as political events such as the Islamist attack on the World Trade Center in New York on September 11, 2001. – External shocks are characterized by a domino effect: the losses of one market partner affect all others in turn and usually very quickly. External shocks prevent events in (financial) markets from being predicted with mathematical precision. – See stock market crash, crash, domino effect, euro states, formulas, financial mathematical, headline hysteria, herd behavior, hurricane shocks, liquidity crisis plan, medium term, model uncertainty, Modigliani-Miller theorem, Murphy’s law, oil price shock, panic selling, Prague announcement, residual risk, Ripples, risk, systemic, risk bearing capacity, repercussions, systemic, run, shock coping, monetary, shocks, structural, sovereign debt, denied, stress test, terror shock, uncertainty, distribution, stable. Monetary, optimal, worst case scenario. – See ECB Monthly Bulletin of April 2004, p. 28 ff; BaFin Annual Report 2003, p. 19 ff; ECB Monthly Bulletin of October 2005, p. 67 ff (shocks and money supply: detailed discussion); ECB Monthly Bulletin of January 2008, p. 72 ff (overviews).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/