Political risk on financial markets in developedand developing economies

Waszkiewicz, Grzegorz

doi:10.22367/jem.2017.28.07

Cited by 4 publications

(3 citation statements)

References 21 publications

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“…Various research studies have examined the significant association between financial indicators and country risk factors [ 38 , 39 , 40 , 41 ]. Country risks, which consist of political, financial, and economic risks, are further comprised of various indicators.…”

Section: Literature Reviewmentioning

confidence: 99%

Investigating the financial market development and shadow economy nexus in the presence of country risk in an emerging economy

Rahman

Faisal

Ali

et al. 2023

Heliyon

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Section: Literature Reviewmentioning

confidence: 99%

Investigating the financial market development and shadow economy nexus in the presence of country risk in an emerging economy

Rahman

Faisal

Ali

et al. 2023

Heliyon

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“…Overall, the existing literature highlights various unsettled issues. First, the role of political risk is not considered as yet as a component of FSI; this consideration may enhance the predictive power of the composite index (Dziawgo, 2013;Danielsson & Macrae, 2016;Waszkiewicz, 2015Waszkiewicz, , 2017. Second, existing studies consider only crisis stemming from currency, banking and debt markets with little attention given to system-wide events and securities market stress (Balakrishnan et al 2011;Laeven & Valencia, 2013).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Political leadership generally influences the regulatory authorities in the process of formulating and executing policies to monitor and manage the level of financial stress in the system. Thus, political risk is recognized as a non-economic driver of uncertainty in the financial markets (Dziawgo, 2013;Waszkiewicz, 2015Waszkiewicz, , 2017. Likewise, existing research rarely includes the role of economic factors in the measurement of financial stress 6 .…”

Section: Introductionmentioning

confidence: 99%

Developing a Financial Stress Index for Pakistan

Sadia¹,

Bhatti²,

Ahmad³

2019

BER

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This paper develops a financial stress index for the Pakistan economy covering the post-reform period. We use time series data for the period 1993M1-2016M12 and employ principal component analysis to aggregate various components of financial markets, real economic activity, and political risk in a single financial stress index. The computed index successfully explains the known periods of financial stress in Pakistan. It stresses upon the political and economic risks as important contributors of financial stress along with financial market factors. This composite index assesses the stability of the financial system, which is a public policy concern in most emerging economies. Thus, we believe that it can serve as an important benchmark to describe the systemic risk in the financial system.

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How Political and Geopolitical Risks Affect Stock Markets: Empirical Evidence From Emerging Market Economies

Doğan

Afşar

2021

Eskişehir Osmangazi Üniversitesi İktisadi Ve İdari Bilimler Dergisi

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Bu çalışmada yükselen piyasa ekonomilerinde politik risk ve jeopolitik risklerin hisse senedi piyasaları üzerindeki etkileri araştırılmıştır. Çalışmada 2005-2018 yılları arasındaki verileri içeren panel veri seti kullanılmıştır. Ekonometrik yöntem olarak Temel Bileşenler Analizi (PCA) yöntemi ve Parks-Kmenta Tahmincisi kullanılmıştır. Elde edilen bulgulara göre, politik risk ve jeopolitik risk ile hisse senedi piyasaları arasında negatif ve istatistiki olarak anlamlı bir ilişki olduğu gözlemlenmiştir. Bu bağlamda, bu çalışmanın bulguları, yükselen piyasalar ekonomilerine yönelik yüksek risk algılarının hem yerli hem de yabancı yatırımcıların hisse senedi piyasalarına yapacakları yatırımları sınırlandırdığını ifade etmektedir.

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Political risk on financial markets in developedand developing economies

Cited by 4 publications

References 21 publications

Investigating the financial market development and shadow economy nexus in the presence of country risk in an emerging economy

Investigating the financial market development and shadow economy nexus in the presence of country risk in an emerging economy

Developing a Financial Stress Index for Pakistan

How Political and Geopolitical Risks Affect Stock Markets: Empirical Evidence From Emerging Market Economies

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