Bialkowski, Jedrzej; Gottschalk, Katrin; Wisniewski, Tomasz - Volkswirtschaftliche Fakultät, … - 2006
This paper investigates a sample of 27 OECD countries to test whether national elections induce higher stock market volatility. It is found that the country-specific component of index return variance can easily double during the week around an Election Day, which shows that investors are...