self-fulfilling multiple equilibria arise.I analyze the implications of this fragility for the governance of the Eurozone …. I conclude that the new governance structure (ESM) does not sufficiently recognize this fragility. Some of the features …

governance, and institutional reforms have played a significant role in raising economic output and efficiency in both Croatia …

We analyze whether or not the globalization of capital, ‘disciplines’ governments and improves governance. We … demonstrate that globalization affects governance, by increasing a country’s vulnerability to sudden capital flight. This … increased threat of capital flight can discipline governments and improve governance and welfare by placing countries in a …

good governance, including democracy. The paper then turns from anecdotal to econometric analysis by offering a quick …

quality of governance) and the degree of market segmentation (depending on the level of ethnic fractionalization). The model …

’s moral hazard behavior (i.e., improvement in the level of governance) leads to a fall in the proportion of tied aid. We test …