Why do incumbents enjoy an electoral advantage in some political settings but suffer from a
disadvantage in others? We propose a novel explanation linking variation in incumbency …

Currency crises are the most common type of financial crisis in recent decades, but little is
known about how the public views these events. This paper argues that voters' perceptions …

A burgeoning literature shows that international trade and migration shocks influence
individuals' political attitudes, but relatively little is known about how international financial …

Intense debate surrounds the effects of trade on voting, yet less attention has been paid to
how fluctuations in the real exchange rate may influence elections. A moderately overvalued …

An unintended consequence of remittance flows to economically troubled countries may be
the exacerbation of parallel foreign currency market activities. Studying clandestine markets …

Political economy research shows that more democratic governments generally have more
open trade policies with more flexible exchange rate regimes, yet political behavior theory …

This paper examines the political-economy of capital controls in China. We argue that the
global policy context influences domestic political debates over capital controls, which, in …

Every market leaves its fingerprint in prices time series. The Efficient Market Hypothesis
(EMH), considers that prices behave as random walks, a property that has been tested on …

In this study, we examined the effectiveness of central bank communications during times of
significant adverse shocks. Specifically, we examined how the National Bank of Ukraine …

The integration of Latin American countries into the global economy has historically
proceeded through the export of primary commodities, a dependency that has long exposed …