The Risk of Democracy: Theoretical and Empirical Considerations on the Effects of Electoral Uncertainty on Latin American Emerging Markets

Lopez-Aranda, Jaime G.


  • Submitted in partial fulfillment of the degree Master of Arts in Law and Diplomacy at the Fletcher School of Law and Diplomacy. Abstract: I derive two basic models from political-business cycle (PBC) theory and the original obsolescing bargain model to assess the level of political and economic risk associated with Latin American elections. The first model posits that the economic risks associated... read more
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