Banking on Democracy: Financial Markets and Elections in Emerging Countries
Language: English
Published by MIT Press Ltd, 2013
- Hardcover
- New
Seller: Bill & Ben Books, Faringdon, United KingdomBill & Ben Books
AbeBooks seller since March 3, 2025
Condition: New
£ 12.45
Quantity: 1 available
Add to basketItem description from seller
A data-driven investigation of the interaction between politics and finance in emerging markets, focusing on Latin America. Politics matter for financial markets and financial markets matter for politics, and nowhere is this relationship more apparent than in emerging markets. In Banking on Democracy, Javier 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. Santiso devotes special attention to Latin America, where over the last three decades many countries became democracies, with regular elections, just as they also became open economies dependent on foreign capital and dominated bond markets. Santiso's analysis draws on a unique set of primary databases (developed during his years at the OECD Development Centre) covering an entire decade: more than 5,000 bank and fund manager portfolio recommendations on emerging markets. Santiso examines the trajectory of Brazil, for example, through its presidential elections of 2002, 2006, and 2010 and finds a decoupling of financial and political cycles that occurred also in many other emerging economies. He charts this evolution through the behavior of brokers, analysts, fund managers, and bankers. Ironically, Santiso points out, while some emerging markets have decoupled politics and finance, in the wake of the 2008-2012 financial crisis many developed economies (Europe and the United States) have experienced a recoupling between finance and politics. …
Seller Inventory # 0063098
- Title
- Banking on Democracy: Financial Markets and Elections in Emerging Countries
- Author
- Javier Santiso
- Publisher
- MIT Press Ltd
- Publication year
- 2013
- Condition
- New
- Binding
- Hardback
- Language
- English
- ISBN 10
- 0262019000
- ISBN 13
- 9780262019002
A data-driven investigation of the interaction between politics and finance in emerging markets, focusing on Latin America.
Politics matter for financial markets and financial markets matter for politics, and nowhere is this relationship more apparent than in emerging markets. In Banking on Democracy, Javier 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.
Santiso devotes special attention to Latin America, where over the last three decades many countries became democracies, with regular elections, just as they also became open economies dependent on foreign capital and dominated bond markets. Santiso's analysis draws on a unique set of primary databases (developed during his years at the OECD Development Centre) covering an entire decade: more than 5,000 bank and fund manager portfolio recommendations on emerging markets.
Santiso examines the trajectory of Brazil, for example, through its presidential elections of 2002, 2006, and 2010 and finds a decoupling of financial and political cycles that occurred also in many other emerging economies. He charts this evolution through the behavior of brokers, analysts, fund managers, and bankers. Ironically, Santiso points out, while some emerging markets have decoupled politics and finance, in the wake of the 2008–2012 financial crisis many developed economies (Europe and the United States) have experienced a recoupling between finance and politics.
"Synopsis" may belong to another edition of this title.
About the Author
"About the title" may belong to another edition of this title.
Bill & Ben Books
Faringdon, United Kingdom
AbeBooks seller since March 3, 2025
Shipping rates from United Kingdom to U.S.A.
| Item | 14 to 45 business days | 5 to 10 business days |
|---|---|---|
| First item | £ 10.10 | £ 18.85 |
Payment methods
Store description
Oxfordshire UK booksellers of many years standing.
Specialty
New & second handSeller's business information
Bill & Ben Books ltd
Manor Cottage, Great Coxwell
Faringdon, United Kingdom SN7 7NB
Terms of sale
Name of business : Bill & Ben Books Ltd.
Form of legal entity : A Limited Company
Business address: Manor Cottage, Great Coxwell, Faringdon, Oxfordshire, SN7 7NB, UK.
Email address: orders@billandbenbooks.co.uk
Telephone number: 07974 923385
Registered in England & Wales No: 13019028
VAT Number: GB 376238277
Authorized representative of the company: Jake Pumphrey
Right of withdrawal
If you are a consumer you can withdraw from the contract in accordance with the following. Consumer means any natural person who is acting for purposes which are outside his trade, business, craft or profession.
Information regarding the right of withdrawal
Statutory right to withdraw
You have the right to withdraw from this contract within 14 days without giving any reason.
The withdrawal period will expire after 14 days from the day on which you acquire, or a third party other than the carrier and indicated by you acquires, physical possession of the last good or the last lot or piece.
To exercise the right of withdrawal, electronically fill in and submit a clear statement on our website, under "My Purchases" in "My Account". We will communicate to you an acknowledgement of receipt of such a withdrawal on a durable medium (e.g. by e-mail) without delay.
To meet the withdrawal deadline, it is sufficient for you to send your communication concerning your exercise of the right of withdrawal before the withdrawal period has expired.
Effects of withdrawal
If you withdraw from this contract, we will reimburse to you all payments received from you, including the costs of delivery (except for the supplementary costs arising if you chose a type of delivery other than the least expensive type of standard delivery offered by us).
We may make a deduction from the reimbursement for loss in value of any goods supplied, if the loss is the result of unnecessary handling by you.
We will make the reimbursement without undue delay, and not later than 14 days after the day on which we are informed about your decision to withdraw from this contract.
We will make the reimbursement using the same means of payment as you used for the initial transaction, unless you have expressly agreed otherwise; in any event, you will not incur any fees as a result of such reimbursement.
We may withhold reimbursement until we have received the goods back, or you have supplied evidence of having sent back the goods, whichever is the earliest.
You shall send back the goods or hand them over to Bill & Ben Books, Faringdon, Oxfordhire, United Kingdom, +44 1235833450, without undue delay and in any event not later than 14 days from the day on which you communicate your withdrawal from this contract to us. The deadline is met if you send back the goods before the period of 14 days has expired. You will have to bear the direct cost of returning the goods. You are only liable for any diminished value of the goods resulting from the handling other than what is necessary to establish the nature, characteristics and functioning of the goods.
Exceptions to the right of withdrawal
The right of withdrawal does not apply to:
- The delivery of newspapers, journals or magazines with the exception of subscription contracts; and
- The supply of digital content which is not supplied on a tangible medium (e.g. on a CD or DVD) if you accepted when you placed your order that we could start to deliver it, and that you could not withdraw once delivery had started.
Shipping terms
Orders usually ship within 1-2 business days. Domestic Shipments are sent by Royal Mail, and International by Airmail. We are happy to accept returns upto 30 days from purchase. Please contact us directly if you wish to return an order