The Value of Institutions for Financial Markets : Evidence From Emerging Markets

Evidence From Emerging Markets

The Value of Institutions for Financial Markets : Evidence From Emerging Markets
This paper investigates the value of political institutions for financial markets, using panel data from emerging market countries. We test the hypothesis that changes in political institutions, such as improvements in democratic rights and increased government accountability, have a direct effect on sovereign interest rate spreads. We find that... READ MORE...

Publication date: February 2009
ISBN 9781451871746
$18.00

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