Political and legal institutions affect the extent to which the real exchange rates of oil-exporting countries co …-move with the oil price. In a simple theoretical model, strong institutions insulate real exchange rates from oil price …

theoretical mechanisms that relate property rights to economic development. Lack of protection of property rights can result in …

We survey the literature on venture capital and institutions and present a case study comparing the development of the … development, the tax system, labor market regulations, and public spending on research and development correlates with venture … capital activities across countries. Our case study suggests these institutional differences led to the later development of …