Democratic Processes and Financial Markets

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Democratic Processes and Financial Markets

By William Bernhard; David Leblang

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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.

Democratic Processes and Financial Markets
Pricing Politics
1st edition
Publisher: Cambridge University Press 7/24/06
Imprint: Cambridge University Press
Language: English

ISBN 10: 1139810545
ISBN 13: 9781139810548
Print ISBN: 9780521861229

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