1.

Record Nr.

UNISA996388125003316

Autore

Prideaux John <1578-1650.>

Titolo

Ephesus backsliding considered and applyed to these times, in a sermon preached at Oxford, in St Maries, the tenth of Iuly, being the Act Sunday. 1614. By Iohn Prideaux, Doctor of Divinity, and Rector of Exceter College [[electronic resource]]

Pubbl/distr/stampa

At Oxford, : Printed by Ioseph Barnes, 1614

Descrizione fisica

[8], 37, [1] p

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Reproduction of the original in the Union Theological Seminary (New York, N.Y.). Library.

Sommario/riassunto

eebo-0160



2.

Record Nr.

UNINA9910788347403321

Autore

Stratmann Thomas

Titolo

The Value of Institutions for Financial Markets : : Evidence From Emerging Markets / / Thomas Stratmann, Bernardin Akitoby

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2009

ISBN

1-4623-5880-2

1-4527-8135-4

1-4518-7174-0

1-282-84249-8

9786612842498

Descrizione fisica

1 online resource (23 p.)

Collana

IMF Working Papers

Altri autori (Persone)

AkitobyBernardin

Soggetti

Fiscal policy - Econometric models

Capital market

Inflation

Infrastructure

Public Finance

Production and Operations Management

Fiscal Policy

International Financial Markets

Fiscal Policies and Behavior of Economic Agents: Other

Debt

Debt Management

Sovereign Debt

National Government Expenditures and Related Policies: General

Price Level

Deflation

Macroeconomics: Production

Economic Development: Urban, Rural, Regional, and Transportation Analysis

Housing

Macroeconomics

Public finance & taxation

Current spending

Fiscal policy

Output gap

Expenditure

Prices



Production

National accounts

Expenditures, Public

Economic theory

Saving and investment

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"February 2009."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; II. Analytical Framework; A. The Empirical Model; B. Testing the Impact of Institutions on Spreads; III. Empirical Strategy for Fiscal Policy Variables; IV. Data Description and Results; A. Data Description; B. Results; Tables; 1. Means and Standard Deviations; 2. Effects of Institutions on Spreads-OLS Estimates (Baseline); 3. Effects of Institutions on Spreads-Fixed Effects Estimates (Baseline); 4. Effects of Institutions on Spreads in the Presence of Fiscal Variables-OLS Estimates

5. Effects of Institutions on Spreads in the Presence of Fiscal Variables-Fixed Effects EstimatesC. Sensitivity and Robustness; V. Conclusions; Appendix Table; A1: List of Countries Included; References

Sommario/riassunto

This paper investigates the value of political institutions for financial markets, using panel data from emerging market countries. We test the hypothesis that changes in political institutions, such as improvements in democratic rights and increased government accountability, have a direct effect on sovereign interest rate spreads. We find that financial markets value institutions over and above the economic and fiscal outcomes these institutions shape. Democracy and accountability generally lower sovereign spreads, political risk tends to increase them, and financial markets tend to view election years negatively.