Abstract
Recent pioneering studies of “political risk” in international money markets are likely to prompt further interest and empirical analysis. This article recommends that future work be attentive to certain fundamental conceptual, methodological, and substantive issues. In particular, it suggests: 1. that the pertinent risks need to be defined and measured more precisely; 2. that analytically useful variables derivable from models of politics should be included in attempts to develop explanatory/predictive models of variations in risk; and 3. that the analysis of political sources of risk has significant implications for an understanding of market efficiency.
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*Thomas L. Brewer was in the Doctoral Studies Program in Business Administration at the University of Michigan where he has been a Visiting Lecturer in International Business. He is also Professor of Political Science at Eastern Michigan University and the author of numerous publications in international relations.
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Brewer, T. Political Sources of Risk in the International Money Markets: Conceptual, Methodological, and Interpretive Refinements. J Int Bus Stud 14, 161–164 (1983). https://doi.org/10.1057/palgrave.jibs.8490515
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DOI: https://doi.org/10.1057/palgrave.jibs.8490515