Staatliche Zahlungsausfälle haben nicht selten politische Ursachen. Während ökonomische Rahmenbedingungen wie etwa Wirtschaftswachstum, Finanzstabilität oder globale Investorenstimmungen die Zahlungsfähigkeit eines Staates beeinflussen, wird die tatsächliche Rückzahlung von Staatsschulden...

"Good governance" has become a central term in the international discussion on development co-operation. What is actually meant by "good governance"? By which yardstick can it be measured? How is governance related to development, political participation and democracy? What implications does...

A fundamental change is emerging in the World Bank's perception of the problems of the debt overhang and in its ideas for development strategies. The author examines the implications for debtor countries.

We test the hypotheses that fundamental characteristics in regional proximity, landlockedness, religious-domination, legal origin, and income levels affect cross-country differences in the persistence in political terror and political instability in 163 countries for the period 2010 to 2015. The...

This paper analyzes and tests the influence of political instability on economic vulnerability in the context of the 1994 and 1997 crises episodes. It constructs four political variables that aim at quantifying political instability. The paper finds that for countries with weak economic...