Stock market volatility around national elections
This paper investigates a sample of 27 OECD countries to test whether national elections induce higher stock market volatility. It is found that the country-specific component of index return variance can easily double during the week around an Election Day, which shows that investors are surprised...
| Main Authors: | , , |
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| Format: | Others |
| Published: |
AUT Faculty of Business,
2011-02-21T02:49:17Z.
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| Subjects: | |
| Online Access: | Get fulltext |