Democratic Processes and Financial Markets

Name: Democratic Processes and Financial Markets
Brand: Cambridge University Press
SKU: 9780521678384
Price: 12720 HUF
Availability: InStock

Pricing Politics

Szerző: William BernhardDavid Leblang

Nyelv:

Kötés: Puha kötésű

Kiadó: Cambridge University Press

Elérhetőség: 50 % esély

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The authors examine the conditions under which democratic events, including elections, cabinet forma...

Információk a könyvről

Szerző

William BernhardDavid Leblang

Nyelv

Angol

Kötés

Könyv - Puha kötésű

Kiadva

2006

oldal

272

EAN

9780521678384

ISBN

0521678382

Enbook ID

02040276

Kiadó

Cambridge University Press

Súly

382

Méretek

153 x 231 x 16

Teljes leírás

The authors 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 contrast, where market actors can forecast the result, returns do not exhibit any unusual behavior. Further, political expectations condition how markets respond to the political process. When news causes market actors to update their political beliefs, market actors reallocate their portfolios, and overall market behavior changes. To measure political information, Professors Bernhard and Leblang employ sophisticated models of the political process. They draw on a variety of models of market behavior, including the efficient markets hypothesis, capital asset pricing model, and arbitrage pricing theory, to trace the impact of political events on currency, stock, and bond markets. The analysis will appeal to academics, graduate students, and advanced undergraduates across political science, economics, and finance.

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Democratic Processes and Financial Markets

Pricing Politics

Információk a könyvről

Teljes leírás

Érdekelheti

Azok a vásárlók, akik ezt a könyvet megvásárolták, a következőket is megvásárolták