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Banking on DemocracyFinancial Markets and Elections in Emerging Countries$
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Javier Santiso

Print publication date: 2013

Print ISBN-13: 9780262019002

Published to MIT Press Scholarship Online: January 2014

DOI: 10.7551/mitpress/9780262019002.001.0001

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(p.231) Conclusion
Banking on Democracy

Javier Santiso

The MIT Press

This chapter summarises the main ideas from the book. One of these being that emerging economies are now becoming a more normalized asset class, as the frontier between OECD and emerging markets erodes. A paradox highlighted in this concluding chapter is the partial decoupling between financial and political cycles in emerging economies in comparison to an increased financial sensitivity to politics in developed economies.

Keywords:   normalized, asset class, OECD, emerging market, decoupling, financial cycle, political cycle

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