Die Autoren untersuchen den Zusammenhang zwischen dem Wechselkurssystem eines Landes und Grundelementen des politischen Systems, wie dem Wahlsystem und dem Gesetzgebungsprozeß. In Ländern, in denen die Kosten für einen Wahlsieg hoch und der Wahlzeitpunkt exogen vorgegeben sind, zeigen...

Introduction -- Democratic processes and political risk: evidence from foreign exchange markets -- When markets party: stocks, bonds, and cabinet formation -- The cross-national financial consequences of political predictability -- Cabinet dissolutions and interest rate behavior -- Bargaining...

The relationship between democracy and globalisation has been the focus of substantial policy and academic debate. Some argue that democracy and globalisation go hand in hand suggesting that unrestricted international transactions leads to increased political accountability and transparency....

The relationship between democracy and globalisation has been the focus of substantial policy and academic debate. Some argue that democracy and globalisation go hand in hand suggesting that unrestricted international transactions leads to increased political accountability and transparency....

The relationship between democracy and globalisation has been the focus of substantial policy and academic debate. Some argue that democracy and globalisation go hand in hand suggesting that unrestricted international transactions leads to increased political accountability and transparency....