Series: IMF Working Papers
Author(s): Thomas Stratmann , and Bernardin Akitoby
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2009
Keywords: spreads, institutions, fiscal variables, political institutions, fiscal policy, political rights, democratic accountability,
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 improvement...