Feijen, Erik (contributor); Perotti, Enrico C. (contributor) - 2006
liberalization lead to �nancial
vulnerability? Poor institutions are increasingly perceived to be at the root of policy failure (for … worse institutions or poor transparency (Demirguc-Kunt and Detragiache,
1998; Mehrez and Kaufmann, 1999; Keefer, 2001).
In …�ected by some measure of political
accountability.4 In such a context, richer entrepreneurs lobby for lower investor protection …