|||"How and how far can asset holders turn news into predictions about politics? How far do shifts in asset prices constrain political choices? Can politicians anticipate and deal with market-induced change? The answers in this innovative book come from careful,
The authors examine the conditions under which democratic events, including elections, cabinet formations, and government dissolutions, affect asset markets. Where these events have less predictable outcomes, market returns are depressed and volatility increases. In contrast, where market actors can forecast the result, returns do not exhibit any unusual behavior. Further, political expectations condition how markets respond to the political process. When news causes ma...
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You can specify the type of files you want, for your device.Democratic Processes and Financial Markets: Pricing Politics | William Bernhard, David Leblang. I have read it a couple of times and even shared with my family members. Really good. Couldnt put it down.