| Publikationstyp: | Beitrag in wissenschaftlicher Zeitschrift |
| Art der Begutachtung: | Peer review (Publikation) |
| Titel: | The effect of political volatility on capital markets in EU accession and neighborhood countries |
| Autor/-in: | Hartwell, Christopher A. |
| et. al: | No |
| DOI: | 10.1080/17487870.2017.1311793 |
| Erschienen in: | Journal of Economic Policy Reform |
| Band(Heft): | 21 |
| Heft: | 4 |
| Seite(n): | 260 |
| Seiten bis: | 280 |
| Erscheinungsdatum: | 2017 |
| Verlag / Hrsg. Institution: | Taylor & Francis |
| ISSN: | 1748-7870 1748-7889 |
| Sprache: | Englisch |
| Schlagwörter: | EU; Election; Political institution; Stock market |
| Fachgebiet (DDC): | 320: Politik 332: Finanzwirtschaft |
| Zusammenfassung: | Political instability has the potential to disrupt financial markets. But how do political institutions affect financial movements in an environment where all institutions are in flux? This paper looks at the effects of formal and informal political volatility in the new EU countries of central and eastern Europe, in the Eastern Neighborhood, and farther afield in Central Asia to answer this question. Using asymmetric GARCH modeling on monthly data, I find that informal political volatility has a significant negative effect on stock returns, while formal political institutions generate much higher financial volatility than changes in monetary policy. |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/22542 |
| Volltext Version: | Publizierte Version |
| Lizenz (gemäss Verlagsvertrag): | Lizenz gemäss Verlagsvertrag |
| Departement: | School of Management and Law |
| Organisationseinheit: | International Management Institute (IMI) |
| Enthalten in den Sammlungen: | Publikationen School of Management and Law |
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Hartwell, C. A. (2017). The effect of political volatility on capital markets in EU accession and neighborhood countries. Journal of Economic Policy Reform, 21(4), 260–280. https://doi.org/10.1080/17487870.2017.1311793
Hartwell, C.A. (2017) ‘The effect of political volatility on capital markets in EU accession and neighborhood countries’, Journal of Economic Policy Reform, 21(4), pp. 260–280. Available at: https://doi.org/10.1080/17487870.2017.1311793.
C. A. Hartwell, “The effect of political volatility on capital markets in EU accession and neighborhood countries,” Journal of Economic Policy Reform, vol. 21, no. 4, pp. 260–280, 2017, doi: 10.1080/17487870.2017.1311793.
HARTWELL, Christopher A., 2017. The effect of political volatility on capital markets in EU accession and neighborhood countries. Journal of Economic Policy Reform. 2017. Bd. 21, Nr. 4, S. 260–280. DOI 10.1080/17487870.2017.1311793
Hartwell, Christopher A. 2017. “The Effect of Political Volatility on Capital Markets in EU Accession and Neighborhood Countries.” Journal of Economic Policy Reform 21 (4): 260–80. https://doi.org/10.1080/17487870.2017.1311793.
Hartwell, Christopher A. “The Effect of Political Volatility on Capital Markets in EU Accession and Neighborhood Countries.” Journal of Economic Policy Reform, vol. 21, no. 4, 2017, pp. 260–80, https://doi.org/10.1080/17487870.2017.1311793.
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