Showing 111 - 120 of 419,169
Political risk relates to both the ability and the willingness of governments to repay debts. We find that bond prices only slowly adapt to changes in political risk. The expected bond returns for countries whose political risk ratings have improved are higher than those for countries whose...
Persistent link: https://www.econbiz.de/10012904805
We analyze the role of political instability for the composition of foreign investment, whether it takes the form of a majority- or minority-owned investment. We focus on the instability generated by the change of the party in power rather than on the risk of changes of political regime or...
Persistent link: https://www.econbiz.de/10012708501
Persistent link: https://www.econbiz.de/10013284618
Persistent link: https://www.econbiz.de/10013261116
We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version … have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to … transitions ; democracy ; autocracy ; IMF ; World Bank …
Persistent link: https://www.econbiz.de/10009630635
This paper empirically studies the impact of the quality of political institutions on the link between central bank independence and inflation. Making use of data on the evolution of central bank independence over time and controlling for possible nonlinearities, we employ interaction models to...
Persistent link: https://www.econbiz.de/10009012047
Persistent link: https://www.econbiz.de/10012418746
Persistent link: https://www.econbiz.de/10011567530
Persistent link: https://www.econbiz.de/10011625259
Persistent link: https://www.econbiz.de/10011596530