situations through the proxy analysis of election and the sovereign bond spreads. Our study leads to three main findings. First … over the possibility of government policies or instability brought by the election. During a crisis, however, investors …, results show that the election induced peak shrinks from 3 months before and after the election date to 1-2 months when the …

previous levels within an average of eight months after an election. While this is a relatively short period, the economic … costs may still be substantial, the worsening around election times being frequently severe, at least in the 1990s decade …

situations through the proxy analysis of election and the sovereign bond spreads. Our study leads to three main findings. First … over the possibility of government policies or instability brought by the election. During a crisis, however, investors …, results show that the election induced peak shrinks from 3 months before and after the election date to 1-2 months when the …