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Democracy's spread : elections and sovereign debt in developing countries

Block, Steven (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001905389

Democratization's risk premium : partisan and opportunistic political business cycle effects on sovereign ratings in developing countries

Block, Steven (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001893278

Elections, opportunism, partisanship and sovereign ratings in developing countries

Vaaler, Paul M.; Schrage, Burkhard N.; Block, Steven - In: Review of development economics 10 (2006) 1, pp. 154-170

Persistent link: https://www.econbiz.de/10003302567

Counting the investor vote : political business cycle effects on sovereign bond spreads in developing countries

Vaaler, Paul M.; Schrage, Burkhard N.; Block, Steven - In: Journal of international business studies : JIBS ; an … 36 (2005) 1, pp. 62-88

Persistent link: https://www.econbiz.de/10003001422

Democratization’s Risk Premium: Partisan and Opportunistic Political Business Cycle Effects on Sovereign Ratings in Developing Countries

Block, Steven; Schrage, Burkhard N.; Vaaler, Paul M. - William Davidson Institute, University of Michigan - 2003

We use partisan and opportunistic political business cycle (“PBC”) considerations to develop a framework for explaining election-period decisions by credit rating agencies (“agencies”) publishing developing country sovereign risk-ratings (“ratings”). We test six hypotheses derived...

Persistent link: https://www.econbiz.de/10005784745

Democratization's Risk Premium : Partisan and Opportunistic Political Business Cycle Effects on Sovereign Ratings in Developing Countries

Vaaler, Paul M. - 2004

We use partisan and opportunistic political business cycle quot;PBCquot; considerations to develop a framework for explaining election-period decisions by credit rating agencies quot;agenciesquot; publishing developing country sovereign risk-ratings quot;ratingsquot;. We test six hypotheses...

Persistent link: https://www.econbiz.de/10012739027

Democracy's Spread : Elections and Sovereign Debt in Developing Countries

Vaaler, Paul M. - 2003

We use partisan and opportunistic political business cycle (quot;PBCquot;) considerations to develop and test a framework for explaining election-period changes in credit spreads for developing country sovereign bonds. Pre-election bond spread trends are significantly linked both to the partisan...

Persistent link: https://www.econbiz.de/10012739652

DEMOCRACY’S SPREAD: Elections and Sovereign Debt in Developing Countries

Block, Steven A.; Schrage, Burkhard N.; Vaaler, Paul M. - William Davidson Institute, University of Michigan - 2003

We use partisan and opportunistic political business cycle (“PBC”) considerations to develop and test a framework for explaining election-period changes in credit spreads for developing country sovereign bonds. Pre-election bond spread trends are significantly linked both to the partisan...

Persistent link: https://www.econbiz.de/10005784660

Elections, Opportunism, Partisanship and Sovereign Ratings in Developing Countries

Vaaler, Paul M.; Schrage, Burkhard N.; Block, Steven A. - In: Review of Development Economics 10 (2006) 1, pp. 154-170

We empirically examine whether and how opportunistic and partisan political business cycle ("PBC") considerations explain election-period decisions by credit rating agencies ("agencies") publishing developing country sovereign risk-ratings ("ratings"). Analyses of 391 agency ratings for 19...

Persistent link: https://www.econbiz.de/10005177735

Counting the investor vote: political business cycle effects on sovereign bond spreads in developing countries

Vaaler, Paul M.; Schrage, Burkhard N.; Block, Steven A. - In: Journal of international business studies : JIBS ; a … 36 (2005) 1, pp. 62-88

Persistent link: https://www.econbiz.de/10005881929