Arbeitspapier
How do exchange rates respond to political rhetoric by populist leaders?
With the global rise in authoritarianism, there has been an increase in political commentaries by the populist leaders that have criticized their central banks in favor of lower interest rates. We analyze the effects of these political pressures on exchange rates. We provide strong empirical evidence where political commentaries affect both the level and the volatility of exchange rate returns. The intensity of political pressures as well as institutional strength play a key role in determining the size of the impact.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2112
- Klassifikation
-
Wirtschaft
Foreign Exchange
- Thema
-
Political pressure
exchange rate
time inconsistency
populism
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Çakmaklı, Cem
Demiralp, Selva
Güneş, Gökhan Şahin
- Ereignis
-
Veröffentlichung
- (wer)
-
Koç University-TÜSIAD Economic Research Forum (ERF)
- (wo)
-
Istanbul
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Çakmaklı, Cem
- Demiralp, Selva
- Güneş, Gökhan Şahin
- Koç University-TÜSIAD Economic Research Forum (ERF)
Entstanden
- 2021
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