Journal of Economic Literature Vol. 46 No. 2 2008
Book Reviews
Abstract
Bumba Mukherjee of University of Notre Dame reviews “Democratic Processes and Financial Markets: Pricing Politics” by William Bernhard, David Leblang,. The EconLit Abstract of the reviewed work begins “Examines the conditions under which democratic events, including elections, cabinet formations, and government dissolutions, affect asset markets. Discusses democratic processes and political risk--evidence from foreign exchange markets; when markets party--stocks, bonds, and cabinet formations; the cross-national financial consequences of political predictability; cabinet dissolutions and interest rate behavior; bargaining and bonds--the process of coalition formation and the market for government debt in Austria and New Zealand; time, shares, and Florida--the 2000 presidential election and stock market volatility; polls and pounds--exchange rate behavior and public opinion in Britain; and political predictability and financial market behavior. Bernhard is Associate Professor of Political Science at the University of Illinois at Urbana-Champaign. Leblang is Professor of Political Science and Research Associate at the Institute for Behavioral Sciences at the University of Colorado. Index.”
- DOI
- 10.1257/jel.46.2.412.r4
- Volume
- 46
- Issue
- 2
- Pages
- 421-423
- Language
- en
- Sources
- crossref