Political institutions and sovereign credit spreads
Joint Authors
Boubakri, Narjis
Cosset, Jean-Claude
Samawi, Houcem
Source
Economic Research Forum : Working Paper Series
Issue
Vol. 2011, Issue 586-679 (31 Dec. 2011)26 p.
Publisher
Economic Research Forum for the Arab Countries Iran and Turkey
Publication Date
2011-12-31
Country of Publication
Egypt
No. of Pages
26
Main Subjects
Topics
Abstract AR
باستخدام عينة كبيرة من 35 بلدا ناميا للفترة من 2009-1993، نقدم أدلة قوية على أن الخصائص السياسية للحكومة و بوجه أعم المؤسسات السياسية تلعب دورا هاما في تفسير وسائل نشر السيادة.
و على وجه الخصوص، نجد أن الأنظمة الرئاسية غير المقيدة تزيد الانتشار في حين أن الاستقرار السياسي و التنافسية العالية على التباري السياسي تقلل من الانتشار.
بالإضافة إلى ذلك، فان التماسك السياسي (التشرذم السياسي) يقلل (يزيد) الانتشار.
عوضا عن ذلك، يرتبط التوجه السياسي معنويا بالانتشار، على الرغم من أنه يبدو أن الحكومات القومية تزيدها.
Abstract EN
Using a large sample of 35 developing countries for the period 1993–2009, we provide strong robust evidence that political characteristics of the government and more generally the political institutions in place play a significant role in explaining sovereign spreads.
In particular, we find that unconstrained presidential systems increase spreads, while political stability and higher competition for political contest decrease spreads.
In addition, political cohesion (political fragmentation) depresses (increases) spreads.
Instead, political orientation is insignificantly related to spreads although nationalist governments seem to increase them.
American Psychological Association (APA)
Boubakri, Narjis& Cosset, Jean-Claude& Samawi, Houcem. 2011. Political institutions and sovereign credit spreads. Economic Research Forum : Working Paper Series،Vol. 2011, no. 586-679.
https://search.emarefa.net/detail/BIM-272474
Modern Language Association (MLA)
Boubakri, Narjis…[et al.]. Political institutions and sovereign credit spreads. Economic Research Forum : Working Paper Series No. 586-679 (2011).
https://search.emarefa.net/detail/BIM-272474
American Medical Association (AMA)
Boubakri, Narjis& Cosset, Jean-Claude& Samawi, Houcem. Political institutions and sovereign credit spreads. Economic Research Forum : Working Paper Series. 2011. Vol. 2011, no. 586-679.
https://search.emarefa.net/detail/BIM-272474
Data Type
Journal Articles
Language
English
Notes
Includes appendices.
Record ID
BIM-272474