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The authors examine the conditions under which democratic events, including elections, cabinet formations, and government dissolutions, affect asset markets. Wh
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This book offers a comprehensive analysis of the ways that politics and financial markets impact one another. In this relationship, politics is the ultimate con
Democracy and the Market
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The quest for freedom from hunger and repression has triggered in recent years a dramatic, worldwide reform of political and economic systems. Never have so man
Policy Change under New Democratic Capitalism
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Democratic capitalism in developed countries has been facing an unprecedented crisis since 2008. Its political manageability is declining sharply. Both democrac
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On November 24, 2020, in the midst of a global pandemic, the Dow Jones Index surpassed 30,000 points for the first time ever. This historic moment exposed the i