. Our results hold true when using indicators capturing the quality of economic institutions in lieu of indicators of … political institutions. …

We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version … anticipation of new loans from in-ternational financial institutions can trigger political transitions which would not otherwise … have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to …

We document that trust in public institutions—and particularly trust in banks, business and government—has declined … institutions. Cross-country comparisons reveal a clear legacy of the Great Recession, and those countries whose unemployment grew … the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …

phenomenon, which is present in poor as well as rich countries; that political institutions have a weak effect on ethnic …

positions. In a probabilistic voting model, we show that a lack of financial institutions can lead to more corruption as more … voters become part of the corrupt system. Well-functioning financial institutions, in turn, can increase the political …

Centralized sanctioning institutions are of utmost importance for overcoming free-riding tendencies and enforcing … outcomes that maximize group welfare in social dilemma situations. However, little is known about how such institutions come … institutions in a public goods game. Our theoretical analysis shows that players may form sanctioning institutions in equilibrium …