Number: RS21102
Title: International Capital Flows Following the September 11 Attacks
Authors: James K. Jackson, Foreign Affairs, Defense, and Trade Division 
Abstract: A major concern following the terrorist attacks on New York and Washington was that foreigners would curtail their purchases of U.S. financial assets and reduce the total inflow of capital into the U.S. economy, thereby weakening the value of the dollar. Actions taken by the Federal Reserve and other central banks in the aftermath of the attacks were largely successful in stemming panic selling of dollar-denominated assets.
Pages: 6
Date: Updated January 9, 2002