Institutional independence and social media
Providing real-time, market-based evidence on threats to institutional independence
Rising political polarisation and populism in recent election cycles have seen increased attacks on independent national and international institutions. Utilising a unique dataset from over 100 countries on politicians’ social media discourse, this research uses market-based, asset-pricing evidence to reveal how political pressure impacts central banks, the judiciary and news organisations. The objective of the real-time index capturing attacks on constitutional independence is to reinforce separation of powers and thereby increase legal certainty and security – crucial for boosting business activity and investment in developing countries.