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Beyond its immediate impact on public health and the economy, the COVID-19 pandemic has put democracy under stress …, an opposing view is that dissatisfaction with government performance may cause deeper dissatisfaction with democracy even …,500 respondents to examine the impact of the pandemic on public attitudes about incumbent governments, the functioning of democracy …
Persistent link: https://www.econbiz.de/10012696423
's global share of GDP means that liberal Asian nations will be poised to take up the role of promoting liberal democracy …
Persistent link: https://www.econbiz.de/10012465470
years. Democratic capital -- measured by a nation's historical experience with democracy and by the incidence of democracy … in its neighborhood -- reduces the exit rate from democracy and raises the exit rate from autocracy. In democracies, a …, promoting economic development jointly with the consolidation of democracy …
Persistent link: https://www.econbiz.de/10012466494
In the wake of the COVID-19 pandemic, the financial and legal system will need to deal with a surge of financial distress in the business sector. Some firms will be able to survive, while others will face bankruptcy and thus need to be liquidated or reorganized. Many surviving firms will need to...
Persistent link: https://www.econbiz.de/10012482323
National safety nets are imbedded in country-specific regulatory cultures that encompass contradictory goals of nationalistic welfare maximization, merciful treatment of distressed institutions, and bureaucratic blame avoidance. Focusing on this goal conflict, this paper develops two hypotheses....
Persistent link: https://www.econbiz.de/10012465053
Considered as a social contract, a financial safety net imposes duties and confers rights on different sectors of the economy. Within a nation, elements of incompleteness inherent in this contract generate principal-agent conflicts that are mitigated by formal agreements, norms, laws, and the...
Persistent link: https://www.econbiz.de/10012466499
Is global competition for mobile capital harmful (less public goods) or beneficial (less government waste)? This paper combines both aspects within a generalized version of the comparative public finance model (Persson, Roland and Tabellini, 2000) by introducing multiple countries and endogenous...
Persistent link: https://www.econbiz.de/10012469372
deepening in Turkish democracy under the prodding and the guidance of the European Union, and witnessed the waning of the …
Persistent link: https://www.econbiz.de/10012457061
World War II was one of the most acute emergencies in U.S. history, and the first where the mobilization of science and technology was a major part of the government response. The U.S. Office of Scientific Research and Development (OSRD) led a major research effort to develop technologies and...
Persistent link: https://www.econbiz.de/10012482128
The paper elicits a mechanism by which private leverage choices exhibit strategic complementarities through the reaction of monetary policy. When everyone engages in maturity transformation, authorities have little choice but facilitating refinancing. In turn, refusing to adopt a risky balance...
Persistent link: https://www.econbiz.de/10012463512