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The U.S. Constitution and Monetary Powers : An Analysis of the 1787 Constitutional Convention and Constitutional Transformation of the Nation's Monetary System Emerged

Grubb, Farley - 2005

The monetary powers embedded in the U.S. Constitution were revolutionary and led to a watershed transformation in the …

Persistent link: https://www.econbiz.de/10012466888

Constitutions, Politics and Economics : A Review Essay on Persson and Tabellini's "The Economic Effect of Constitutions"

Acemoglu, Daron - 2005

In this essay I review the new book by Torsten Persson and Guido Tabellini, The Economic Effects of Constitutions, which investigates the policy and economic consequences of different forms of government and electoral rules. I also take advantage of this opportunity to discuss the advantages and...

Persistent link: https://www.econbiz.de/10012467450

Constitutions, Corporations, and Corruption : American States and Constitutional Change

Wallis, John Joseph - 2004

During the 1840s, twelve American states adopted new constitutions. Eleven of the twelve states adopted new procedures for issuing government debt and for chartering corporations through general incorporation acts. These institutional innovations were American inventions, and today hard budget...

Persistent link: https://www.econbiz.de/10012468242

Consequences of Constitutions

Persson, Torsten - 2003

electoral rules and forms of government for fiscal policy and rent extraction, even when non-random constitution selection is …

Persistent link: https://www.econbiz.de/10012468524

The Guarantees of Freedom

Porta, Rafael La - 2002

Hayek (1960) distinguishes the institutions of English freedom, which guarantee the independence of judges from political interference in the administration of justice, from those of American freedom, which allow judges to restrain law-making powers of the sovereign through constitutional...

Persistent link: https://www.econbiz.de/10012469956

Constitution or Conflict?

Grossman, Herschel I. - 2002

A self-enforcing constitution creates a political process that provides an alternative to civil conflict for resolving … possible to design such a self-enforcing constitution. The paper is also concerned with discovering generic features of a self …-enforcing constitution. The analysis yields the following theoretical propositions: If and only if (1) none of the parties to a dispute …

Persistent link: https://www.econbiz.de/10012469982

Constitutions and Order : A Theory and Evidence from Colombia and the United States

Fergusson, Leopoldo; Mejia, Javier; Robinson, James A.; … - National Bureau of Economic Research - 2023

We propose a framework to explain why some societies may end up with different constitutional solutions to the problem of maintaining order in the face of self-interested behavior. Though the salient intellectual tradition since Hobbes has focused on how institutional design is used to eradicate...

Persistent link: https://www.econbiz.de/10014322888

The Bail-In Problem : Systematic Goals, Ad Hoc Means

Eichengreen, Barry - 2000

, Ecuador, Romania and Ukraine. We show that because default and restructuring are so painful and costly, it is simply not time …

Persistent link: https://www.econbiz.de/10012471114

Winners and Losers from Sovereign Debt Inflows

Broner, Fernando - 2020

We study the transmission of sovereign debt inflow shocks on domestic firms. We exploit episodes of large sovereign debt inflows in six emerging countries that are due to the announcements of these countries' inclusion in two major local-currency sovereign debt indexes. We show that these...

Persistent link: https://www.econbiz.de/10012481075

COVID-19 and SME Failures

Gourinchas, Pierre-Olivier - 2020

We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...

Persistent link: https://www.econbiz.de/10012481180