TITLE

THE IMPACT OF PRESIDENTIAL ELECTIONS ON CURRENCY VALUES IN LATIN AMERICA

AUTHOR(S)
Sibley, Mike
PUB. DATE
September 2001
SOURCE
Multinational Business Review (St. Louis University);Fall2001, Vol. 9 Issue 2, p14
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This paper employs event study methodology to investigate the impact of presidential elections on nominal currency values for a group of Latin American countries between 1980 and 1996. The results indicate that presidential elections are associated with a statistically significant decline in nominal currency values, which appears strongest around the time of inauguration. The results suggest that the stage of the political cycle in a country is an important factor influencing exchange rates and should be recognized when making trade and investment decisions.
ACCESSION #
4537909

 

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