Democratic processes and financial markets : pricing politics /

"William Bernhard and David Lebland examine the conditions under which democratic events, including elections, cabinet formations, and government dissolutions, affect asset markets. Where these events have less predictable outcomes, market returns are depressed and volatility increases. In cont...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Bernhard, William, 1966-
Otros Autores: Leblang, David
Formato: Electrónico eBook
Idioma:Inglés
Publicado: New York, NY : Cambridge University Press, ©2006.
Temas:
Capital market > Political aspects.
International economic relations.
Economics > Political aspects.
Marché financier > Aspect politique.
Économie politique et politique.
BUSINESS & ECONOMICS > Finance.
Capital market > Political aspects
Economics > Political aspects
International economic relations
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Introduction
  • Democratic processes and political risk : evidence from foreign exchange markets
  • When markets party : stocks, bonds, and cabinet formations
  • The cross-national financial consequences of political predictability
  • Cabinet dissolutions and interest rate behavior
  • Bargaining and bonds : the process of coalition formation and the market for government debt in Austria and New Zealand
  • Time, shares, and Florida : the 2000 presidential election and stock market volatility
  • Polls and pounds : exchange rate behavior and public opinion in Britain
  • Conclusion : political predictability and financial market behavior.

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