Our chart of the week, drawn from our recent IMF staff working paper, uses a new dataset of 156 social unrest events during 2011–20 to shed some light on these questions. It shows that in countries with more open and democratic institutions, social unrest events have a negligible impact on stock market returns (blue line). But in countries with more authoritarian regimes, the effect is large and negative: on average, stock market returns fall by 2 percent within 3 days, and by about 4 percent in the following month (black line).

Intinya makin cepat kelar, makin baik. Makin tidak otoriter, makin bagus.

Mari doakan sama-sama yang terbaik untuk bangsa dan negara!

$BBCA $ASII $TLKM