This paper tests the existence of political credit cycles, the positive comovement between
credit and elections. While several single‐country studies point to the existence of this …

Research proposes that economic policy uncertainty (EPU) leads to exchange rate
fluctuations. Given that African countries experience higher levels of uncertainty in …

Do international lenders of last resort create financial instability by generating moral hazard?
The evidence is thin and plagued with measurement error. We use the number of American …

Sovereign debt and currencies play an increasingly influential role in the development of
any country, given the need to obtain financing and establish international relations. A …

Many have argued that democracies are able to make credible commitments to repay their
debts and consequently enjoy higher sovereign credit ratings. In contrast to this expectation …

We argue that certain currency pairs, similar to stocks, are perceived and employed as
gambling opportunities. We define currency pairs with extreme positive daily returns as …

Abstract In the winter 2011/12, a wave of internal capital flight prompted the ECB to abandon
its exit strategy and announce an unprecedented monetary expansion. We analyze this …

The shifts from state-led development to neoliberalism in Latin America have prompted
debates on the quality of democracy. Although most discussions focus on responsiveness …

When are women appointed to the board of central banks? While progressive societal
gender norms may facilitate women's ascension to leadership positions, recent research …

In this chapter, I discuss and analyze the vast variation in economic growth outcomes that
exist among autocratic regimes, as well as plausible explanations of this variation pertaining …