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Democratic Processes and Financial Markets

By: Urbana-Champaign) Bernhard William (University of Illinois (Author) , Boulder) Leblang David (University of Colorado (Author)

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Ksh 6,000.00

Format: Paperback or Softback

ISBN-13: 9780521678384

Publisher: Cambridge University Press

Publication Date: Jul 24th, 2006

Weight: 382 grams

Dimension: 23.10 x 15.30 x 1.60 cms

Category: POLITICS & GOVERNMENT

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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.

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