POLITICS AND EXCHANGE RATES IN LATIN AMERICA

POLITICS AND EXCHANGE RATES IN LATIN AMERICA

This paper examines the impact ofpresidential elections on exchange rate behaviorfor a group ofthirteen Latin American countriesfor the periodfrom 1972 to 1995. For each ofthirty-four presidential elections, currency revaluation and exchange rate variability measures are comparedfor periods before,...

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Bibliographic Details
Main Author: Mike Sibley
Format: Article
Language:English
Published: People & Global Business Association (P&GBA) 1997-09-01
Series:Global Business and Finance Review
Subjects:
presidential elections
exchange rate
Online Access:http://www.gbfrjournal.org/pds/journal/thesis/20150625133649-4JTES.pdf
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spelling doaj-34518fe1dc5d44799951355311d0c4422021-02-19T01:14:29ZengPeople & Global Business Association (P&GBA)Global Business and Finance Review 1088-69312384-16481997-09-01222329POLITICS AND EXCHANGE RATES IN LATIN AMERICAMike Sibley0Loyola University of ChicagoThis paper examines the impact ofpresidential elections on exchange rate behaviorfor a group ofthirteen Latin American countriesfor the periodfrom 1972 to 1995. For each ofthirty-four presidential elections, currency revaluation and exchange rate variability measures are comparedfor periods before, during and after the period of electoral activity. The empirical results suggest that presidential elections had little or no detectable impact on exchange rates in the majority ofelections examined, but a tatistically significant (and often substantial) relation- ship wasfound in an important minority ofthe elections. The impact ofan election on currency values appears to vary substantially from election to election.http://www.gbfrjournal.org/pds/journal/thesis/20150625133649-4JTES.pdfpresidential electionsexchange rate
collection DOAJ
language English
format Article
sources DOAJ
author Mike Sibley
spellingShingle Mike Sibley
POLITICS AND EXCHANGE RATES IN LATIN AMERICA
Global Business and Finance Review
presidential elections
exchange rate
author_facet Mike Sibley
author_sort Mike Sibley
title POLITICS AND EXCHANGE RATES IN LATIN AMERICA
title_short POLITICS AND EXCHANGE RATES IN LATIN AMERICA
title_full POLITICS AND EXCHANGE RATES IN LATIN AMERICA
title_fullStr POLITICS AND EXCHANGE RATES IN LATIN AMERICA
title_full_unstemmed POLITICS AND EXCHANGE RATES IN LATIN AMERICA
title_sort politics and exchange rates in latin america
publisher People & Global Business Association (P&GBA)
series Global Business and Finance Review
issn 1088-6931
2384-1648
publishDate 1997-09-01
description This paper examines the impact ofpresidential elections on exchange rate behaviorfor a group ofthirteen Latin American countriesfor the periodfrom 1972 to 1995. For each ofthirty-four presidential elections, currency revaluation and exchange rate variability measures are comparedfor periods before, during and after the period of electoral activity. The empirical results suggest that presidential elections had little or no detectable impact on exchange rates in the majority ofelections examined, but a tatistically significant (and often substantial) relation- ship wasfound in an important minority ofthe elections. The impact ofan election on currency values appears to vary substantially from election to election.
topic presidential elections
exchange rate
url http://www.gbfrjournal.org/pds/journal/thesis/20150625133649-4JTES.pdf
work_keys_str_mv AT mikesibley politicsandexchangeratesinlatinamerica
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