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 o...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
2009.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2009/027 |
| On-line přístup: | Full text available on IMF |