کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5092598 | 1375943 | 2008 | 16 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Assessing pacification policy in Iraq: Evidence from Iraqi financial markets
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
At the end of January, 2006 the Iraqi government issued roughly $2.7 billion of debt in exchange for over $20 billion of Saddam-era commercial claims. This paper uses variation in the yield spread of this sovereign debt to evaluate pacification policy in Iraq. Structural change models are run in conjunction with conventional event study analysis. Results detail a mixed market reaction towards pacification policies implemented through August, 2006. While the market seems wary of coalition troop withdrawals, events denoted military and political breakthroughs by the United States seldom coincide with decreases in the yield spread. However, the market responds to news of negotiations with Iran positively. The analysis underscores the potential benefits of using market variation to inform policy in regions where data collection is difficult and policies are time sensitive. Journal of Comparative Economics 36 (1) (2008) 1-16.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Comparative Economics - Volume 36, Issue 1, March 2008, Pages 1-16
Journal: Journal of Comparative Economics - Volume 36, Issue 1, March 2008, Pages 1-16
نویسندگان
Eric Chaney,