Advanced Search
MyIDEAS: Login

Parties, Elections And Stock Market Volatility: Evidence From A Small Open Economy

Contents:

Author Info

  • FOTIOS SIOKIS
  • PANAYOTIS KAPOPOULOS

Abstract

This paper examines whether movements in the stock prices on the Athens stock exchange can be partly explained by the dynamics of the political environment. On the basis of a partisan structure, with two main political parties and a high density of elections, we find that the conditional mean and variance of the stock market index are affected by political developments in Greece. In particular, we find that different political regimes affect the conditional variance of the stock market index, and also that the stock market index is asymmetrically affected by past innovations. Copyright 2007 Blackwell Publishing Ltd..

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-0343.2007.00305.x
File Function: link to full text
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Wiley Blackwell in its journal Economics & Politics.

Volume (Year): 19 (2007)
Issue (Month): 1 (03)
Pages: 123-134

as in new window
Handle: RePEc:bla:ecopol:v:19:y:2007:i:1:p:123-134

Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0954-1985

Order Information:
Web: http://www.blackwellpublishing.com/subs.asp?ref=0954-1985

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Michael M. Bechtel & Roland Füss, 2010. "Capitalizing on Partisan Politics? The Political Economy of Sector-Specific Redistribution in Germany," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(2-3), pages 203-235, 03.
  2. Kollias Christos & Papadamou Stephanos & Psarianos Iacovos, 2014. "Rogue State Behavior and Markets: the Financial Fallout of North Korean Nuclear Tests," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 20(2), pages 26, April.
  3. K. Arin & Alexander Molchanov & Otto Reich, 2013. "Politics, stock markets, and model uncertainty," Empirical Economics, Springer, vol. 45(1), pages 23-38, August.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:bla:ecopol:v:19:y:2007:i:1:p:123-134. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.