Banking on Democracy: Financial Markets and Elections in Emerging Countries - The MIT Press (Hardback)
  • Banking on Democracy: Financial Markets and Elections in Emerging Countries - The MIT Press (Hardback)
zoom

Banking on Democracy: Financial Markets and Elections in Emerging Countries - The MIT Press (Hardback)

(author)
£14.99
Hardback 352 Pages / Published: 14/06/2013
  • We can order this

Usually dispatched within 1 week

  • This item has been added to your basket
A data-driven investigation of the interaction between politics and finance in emerging markets, focusing on Latin America. Politics matter for financial markets and financial markets matter for politics, and nowhere is this relationship more apparent than in emerging markets. In Banking on Democracy, Javier Santiso investigates the links between politics and finance in countries that have recently experienced both economic and democratic transitions. He focuses on elections, investigating whether there is a "democratic premium"-whether financial markets and investors tend to react positively to elections in emerging markets. Santiso devotes special attention to Latin America, where over the last three decades many countries became democracies, with regular elections, just as they also became open economies dependent on foreign capital and dominated bond markets. Santiso's analysis draws on a unique set of primary databases (developed during his years at the OECD Development Centre) covering an entire decade: more than 5,000 bank and fund manager portfolio recommendations on emerging markets. Santiso examines the trajectory of Brazil, for example, through its presidential elections of 2002, 2006, and 2010 and finds a decoupling of financial and political cycles that occurred also in many other emerging economies. He charts this evolution through the behavior of brokers, analysts, fund managers, and bankers. Ironically, Santiso points out, while some emerging markets have decoupled politics and finance, in the wake of the 2008-2012 financial crisis many developed economies (Europe and the United States) have experienced a recoupling between finance and politics.

Publisher: MIT Press Ltd
ISBN: 9780262019002
Number of pages: 352
Weight: 612 g
Dimensions: 229 x 152 x 22 mm


MEDIA REVIEWS
Banking on Democracy is a must read for policy makers and practitioners alike as well as excellent reading for anyone interested in politics, elections, and Latin America. -Societe Universitaire Europeenne de Recherches Financieres

You may also be interested in...

More Money Than God
Added to basket
Rich Dad's Prophecy
Added to basket
The Little Book of Valuation
Added to basket
The Financial Times Guide to Investing
Added to basket
Mr. China
Added to basket
£8.99
Paperback
The Essays of Warren Buffett
Added to basket
Leveraged Buyouts
Added to basket
Rich Dad's Who Took My Money?
Added to basket
Investing for Dummies - UK
Added to basket
Investment Banking For Dummies
Added to basket
The Warren Buffett Way
Added to basket
Buffett: The Biography
Added to basket
Investing in Shares For Dummies
Added to basket

Please sign in to write a review

Your review has been submitted successfully.