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This paper aims to quantify the political risk effect and its different economic implications in normal and crisis situations through the proxy analysis of election and the sovereign bond spreads. Our study leads to three main findings. First, in normal economic situations, elections and...
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The future creation of a region-wide economic agreement in Asia has become the hot issue among trade policymakers in … the region. The APEC 2010 Summit Statement clearly states that the members should pursue a Free Trade Area of the Asia … (TPP). This paper considers the path or sequencing towards a future region-wide economic agreement in Asia, both …
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