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This essay develops the financial instability hypothesis of Hyman Minsky through an analysis of the pitfalls of the liberal regulatory framework in order to deal with long-standing and long-lasting financial issues of capitalist economies. It argues that the roots of the 2007/08 crisis are...
Persistent link: https://www.econbiz.de/10010899268
of democracy in his country during his tenure. This e ffect is shown to be independent from the leader's education level …, as well as from his profession. Moreover, it is mainly driven by countries with a poor initial level of democracy. These …
Persistent link: https://www.econbiz.de/10010738979
Using a new set of micro evidence from an original survey of 28 transition countries, we show that democracy increases … reformist parties in the former socialist block lies in a deepening of democracy. …
Persistent link: https://www.econbiz.de/10010739031
A large theoretical literature has identified the deficiencies of cooperatives and deduced they should disappear. However, the empirical literature has not confirmed a significantly lower level of efficiency for cooperatives. A survey of the empirical literature and new data on French...
Persistent link: https://www.econbiz.de/10010820444
66 developing countries over the period 1990-2005, this paper provides econometric evidence that democracy matters for … insufficiently welfare minded. We found that high levels of democracy are specifically needed in natural resource rich countries to …
Persistent link: https://www.econbiz.de/10008793998
element of human-sized organizations that were the first mutual or cooperative Caisses, is democracy running the risk to … disappearance of democracy inherent to the cooperative project, a more differentiating diagnosis is proposed, followed by an outline … of some working leads for a creative evolution of cooperative democracy. …
Persistent link: https://www.econbiz.de/10008805083
quality of democracy, and we investigate whether foreign aid can dampen them. We take advantage of previous empirical findings … flows can potentially dampen the effects of terms of trade instability on democracy. An empirical investigation with data … of trade instability affects democracy through income instability. …
Persistent link: https://www.econbiz.de/10008805945
transitions, we find that external debt constraints indebted countries to move up democracy scale but incite governments to …
Persistent link: https://www.econbiz.de/10010899443
Following the implementation of the land reform in the 1990's, land rentals have developed in Romania, mainly in a reverse tenancy configuration. The paper provides an analysis of contractual practices in this configuration, based on empirical data collected through intensive field work in...
Persistent link: https://www.econbiz.de/10008790357
The research aims to understand the impact of the internal factors on the formulation of a policy of selective opening of the Russian economy since the beginning of the transition. We study the politico-economic configuration in Russia in terms of (i) its "vertical" dimension (relations federal...
Persistent link: https://www.econbiz.de/10008792052