leader accountability, taking into account that there is an autocratic upper government. We exploit variation in the timing … accountability. …

Recent research on central bank governance has focused mainly on their monetary policy task. As the sub-prime loan … also in ensuring their soundness and stability. In this paper we study the specific corporate governance structures of a … public governance literatures, where present. Our analysis highlights a striking variety in central bank governance …

-of-last-resort and market-maker-of-last-resort roles, providing liquidity to financially distressed and illiquid financial institutions … bankers also increasingly throw their weight around in the public discussion of and even the design and implementation of … of liquidity and the Treasury’s solvency support for systemically important financial institutions. All activities of the …

Can international migration promote better institutions at home by raising the demand for political accountability? In … order to examine this question, we designed a behavioral measure of the population’s desire for better governance. A … examine the determinants of our behavioral measure of demand for political accountability (i.e. of undertaking the costly …

Motivated by a novel stylized fact -- countries with isolated capital cities display worse quality of governance -- we … ways: broader power sharing (associated with better governance) means that any rents have to be shared more broadly, hence … capital city allows the elite to appropriate a larger share of output, so the costs of better governance for the elite, in …

zero output values without losing its flexibility properties. The tests shed light on the respective roles of regulation …

This paper attempts to give a meaning to the empty concept of subsidiarity. It examines various kinds of government …