Are BRICS Markets Equally Exposed to Trump s Agenda?

• 영문명: Are BRICS Markets Equally Exposed to Trump s Agenda?
• 발행기관: 세종대학교 경제통합연구소
• 저자명: Jamal Bouoiyour Refk Selmi
• 간행물 정보: 『Journal of Economic Integration』제33권 제2호, 1203~1233쪽, 전체 31쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2018.06.30

영문 초록

There is no doubt that politicians exert a significant impact on stock markets. The evolving financial market volatility over the United States presidential election is a prime example of how elections have an impact on financial markets. This study assessed whether BRICS stock markets were equally vulnerable to Trump s agenda using event-study methodology and regression-based intention votes over a period of 120 days toward the final election result on 08 November 2016. It was shown that although Trump s win had a negative effect on some markets, it had a positive effect on others. It had the most adverse impact on China together with Brazil. Although not to the same degree as these two countries, India and South Africa were also affected negatively. These adverse reactions can be explained by Trump s neo-mercantilist attitude, which involves cancelling trade deals and instituting tariffs. However, the effects on Russia appear to be positive due to the expectations about the easing of sanctions imposed on Russia because of the Russian role in the conflict of Ukraine.

목차

Ⅰ. Introduction

Ⅱ. Background

Ⅲ. Methodology and Data

Ⅳ. Results

Ⅴ. Conclusions

키워드

US Presidential Elections Trump s Agenda BRICS Stock Markets Event-Study Methodology Social Media Public Opinion Polls