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Who values democracy?

This paper examines the conventional view that redistribution is central to the democratization process using data from stock markets. Consistent with this view, democratizations have a large, negative impact on…

Stocks slip on Wall Street under pressure from rising oil prices, bond sell-off

Stocks fell Tuesday and oil prices continued to climb following another round of U.S. military strikes on Iran, stoking worries about stubbornly high inflation. The S&P 500 index fell 0.7%.…

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