Does Democracy Matter for Emerging Sovereign Debt?

Does Democracy Matter for Emerging Sovereign Debt? - GMO

Emerging debt investors can prioritize freedom and democracy without significant sacrifices to returns. The observation that countries' levels ...

does democracy matter for emerging sovereign debt? | gmo

DOES DEMOCRACY. MATTER FOR EMERGING. SOVEREIGN DEBT? Eamon Aghdasi and Mina Tomovska | August 2023. 1. J.P. Morgan, the main benchmark provider in this ...

Does Democracy Matter for Emerging Sovereign Debt?

Does Democracy Matter for Emerging Sovereign Debt? by Eamon Aghdasi, Mina Tomovska of GMO, 8/24/23. Download; Print; Email; Save. Share.

Contingent Advantage? Sovereign Borrowing, Democratic ...

... democracies-in-emerging-market-bond- ... Archer CC, Biglaiser G and DeRouen K (2007) Sovereign bonds and the “democratic advantage”: does regime type affect.

Rethinking Sovereign Debt - Scholarship@Cornell Law

In particular, the possibilities of democratic sovereignty or a sovereignty legally bound by constitutional norms are some of the non-statist concepts of ...

Democracy, Autocracy and Sovereign Debt: How Polity Influenced ...

bond spreads of 18 emerging markets with reference to ... The democratic advantage does not seem to apply to the sovereign debt of the peripheries of.

Democracy, autocracy, and sovereign debt: How polity influenced ...

Our findings indicate that autocratic regimes had a significant advantage: democracies paid 5.7% more on their debt than autocracies.

Biggest emerging sovereigns have the fastest debt growth

The cost of this support explains why public debt levels in emerging market sovereigns are on average about 8 percentage points of GDP higher ...

WHO HOLDS SOVEREIGN DEBT AND WHY IT MATTERS

The ability for the government to sustain debt will depend upon its borrowing costs, ... emerging markets of investor group holdings of own government bonds ...

Sovereign Debt:Election Concerns and the Democratic Disadvantage

The theoretical argument for a democratic advantage starts from the observation that demo- cratic institutions will align the interests of political leaders ...

Democracy and Sovereign Default - Sebastian Kupferschmid - RUcore

Following their contributions, citizens that lend money to their government can form alliances in parliament in order to force the government to repay its debt.

Does Democracy Matter for Emerging Sovereign Debt ...

Does Democracy Matter for Emerging Sovereign Debt? by Eamon Aghdasi, Mina Tomovska of GMO, 8/24/23. Download; Print; Email; Save.

Democracy is good for the economy. Can business defend it?

Democracy is a strong driver of a healthy economy. Economists have found that democratization causes an increase in GDP per capita of between 20 ...

Who holds sovereign debt and why it matters | CEPR

The ability to issue debt is an important instrument at the government's disposal. Sovereign borrowing can help buffer the economy from the ...

ESG in emerging markets sovereign debt - Macquarie Group

From a factual standpoint, social and governance scores for sovereigns correlate with credit quality, whereas corporate ESG scores do not. From an ethical ...

The effect of sovereign credit ratings on democracy in sub-Saharan ...

Hanusch and Vaaler (2013) counter however, that rating agencies play a positive role in emerging democracies because ratings lessen the ...

The Impact of Franchise Extension on Sovereign Bond Markets

voters do not – sovereign debt repayment is credible only when the pivotal ... democracy on sovereign bond markets and studying how institutions have ...

Sovereign Debt and Regime Type: Reconsidering the Democratic ...

PDF | The literature exploiting historical data generally supports the democratic advantage thesis, which holds that democracies can sell more bonds on.

Sovereign debt: election concerns and the democratic disadvantage

We re-examine the concept of 'democratic advantage' in sovereign debt ratings when optimal repayment policies are time-inconsistent.

Elections and Sovereign Debt in Developing Countries

Since the 1970s, political business cycle (“PBC”) theory has been debated among academic researchers largely in the context of industrialized democracies and ...