Democratic Processes and Financial Markets
Pricing Politics
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 Bern…
Mehr
CHF 29.00
Preise inkl. MwSt. und Versandkosten (Portofrei ab CHF 40.00)
Versandkostenfrei
Produktdetails
- ISBN: 978-1-139-81054-8
- EAN: 9781139810548
- Produktnummer: 23935897
- Verlag: Cambridge University Press
- Sprache: Englisch
- Erscheinungsjahr: 2006
- Seitenangabe: 0 S.
- Plattform: EPUB
- Masse: 10'681 KB
6 weitere Werke von William Bernhard:
Bewertungen
Anmelden