Politics and financial markets
نویسنده
چکیده
منابع مشابه
Government–Financial Market Relations after EMU New Currency, New Constraints?
The European Monetary Union (EMU) has generated a variety of changes, including the loss of national monetary policy autonomy and the creation of deeper integrated intraEuropean markets for goods, services, and financial instruments. This article explores the extent to which EMU has changed the ways in which and the extent to which international financial markets influence national policy choic...
متن کاملHousing, Global Finance, and American Hegemony: Building Conservative Politics One Brick at a Time
How did US housing markets articulate both with global financial flows and US domestic politics? During the long 1990s, the US economy benefited from a system of global financial arbitrage in which the US economy as a whole borrowed short term, at low interest rates, from the rest of the world, while lending back long term at higher returns. A temporarily self-sustaining housing market boom in ...
متن کاملPatronage by Credit: International Sources of Patronage Spending in Developing Countries∗
To what extent do international financial fluctuations influence patronage politics in developing countries? While many scholars have analyzed the sources of patronage and how it can be detrimental for both economic development and democracy, patronage politics has been analyzed as a purely domestic phenomenon. This ignores, however, the consequences of international markets fluctuations, and i...
متن کاملPolitical Uncertainty, Financial Crisis, and Market Volatility
This paper examines the impact of political uncertainty on financial crises using a panel of twenty-two emerging markets. By examining political election cycles, we find that eight out of nine of the financial crises happened during the periods of political election and transition. Using a combination of probit and switching regression analysis, we find that there is a significant relationship ...
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