Travis Bowen

Mentor: Dr. Brian Gendreau
College of Warrington
 
"CURBS"

Major

Finance

Minor

N/A

Research Interests

  • Finance
  • Stocks
  • Economics

Academic Awards

  • Bright Futures
  • Deans List
  • University Scholars Program

Organizations

  • Florida Leadership Academy
  • Involvement Team
  • Student Finance Group

Volunteer

  • Day of Difference
  • St. Francis House

Hobbies and Interests

  • Running
  • Listening to music
  • Stocks
  • Netflix

Research Description

The Revolution and The Market: How Bond Values Reflected the Mexican Revolution
Investors’ perceptions are often a good indicator of the economic stability of a country. When investors foresee a positive future for an economy they tend to be more willing to buy assets, and vice versa. Political events can also affect the value of a country’s assets. One large political event can sway investor confidence, and in turn damage a country’s economy. The project I plan to undertake may lead to a counterintuitive result. There was considerable political turmoil in Latin America during and after the Mexican Revolution of 1910. The dictator Porfirio Diaz was challenged by reformist writer Franciso I. Madero. Eventually the rebels took down Diaz, and began reforming the Mexican government. Based on history, one would think that with this much political instability investor confidence would drop and bond prices would plunge. Surprisingly, bond prices did not fall substantially. The implication is that the market did not price in a large probability that the revolutionary government would default on Mexico’s foreign debt. During my research I’d try and discover what made Mexico and its political upheaval different. I would collect and analyze prices of Latin American bonds traded in the United States. Through the University Scholars Program, I would explore what bond prices tell us about investors’ perceptions of Latin American during the tumultuous events of 1910-1941.