absence of a credible regulatory agency, regulation is achieved through public ownership. …

To understand the effects of regulation on mortgage risk, it is instructive to track the history of regulatory changes …. However, in developed countries with fairly stable systems of financial regulation, it is difficult to track these effects. We … employ loan-level data on over a million loans disbursed in India over the 1995 to 2010 period to understand how fast …

This paper proposes a simultaneous-equation approach to the estimation of the contribution of transport infrastructure … accumulation to regional growth. We model explicitly the political-economy process driving infrastructure investments; in doing so … that shape infrastructure policy. Our empirical findings on a panel of France's regions over 1985-91 suggest that influence …

infrastructure to the transition process. In addition to the direct cost savings, infrastructure investment generates important … indirect effects, or transition impacts. The model shows that, by reducing transaction costs, infrastructure intensifies … model, infrastructure also increases the incentives for low-cost firms to restructure which generates additional efficiency …

We work with a panel of bilateral trade flows from 1988 to 2002, exploring the influence of infrastructure … the institutions and infrastructure literature in this respect, using selection-based gravity modeling of trade flows. We … also depart from this literature by mixing principal components (to condense our institutional and infrastructure measures …