NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Electoral Uncertainty and the Volatility of International Capital Flows

Roberto Chang

NBER Working Paper No. 12448
Issued in August 2006

---- Acknowledgements -----

This is a revised and extended version of a paper with the same title. I did much of the work for this version as a Peter Kenen IES Fellow at Princeton, whose hospitality and generosity is hereby acknowledged with thanks. I am also indebted to Luis Oganes, Nouriel Roubini, Alfredo Thorne, and Andrés Velasco for useful discussions, and to participants of seminars at Pompeu Fabra, Cornell, Columbia, Duke, Princeton, Yale, the Atlanta Fed, the NY Fed, and the LACEA meetings for comments and suggestions. Of course, the views, errors, and shortcomings here are my sole responsibility.

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