Democratic processes and financial markets: pricing politics
Auteur :
Bernhard, William / Leblang, David
Éditeur :
Cambridge University Press
ISBN :
9780521678384
Date de publication :
24 juil. 2006
Dimensions :
22,9 x 15,3 x 1,5 cm
Poids :
374 g
Format :
Trade paperback (US)
Langue :
Anglais
Pays d'origine :
Grande Bretagne
Examines 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. To measure the predictability of political outcomes, the authors employ sophisticated models of the political process from political science.