Banking on democracy financial markets and elections in emerging countries - Santiso, Javier (MIT Press, 2013)
Includes bibliographical references and index
Emerging markets : inside the black box -- The Brazilian confidence game -- Brokers and elections -- Fund managers and elections -- Political budget cycles -- Bankers and elections -- Conclusion
Politics matter for financial markets and financial markets matter for politics, and nowhere is this relationship more apparent than in emerging markets. In this book, 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