We argue that membership in International Organizations (IOs) is an important determinant of FDI inflows. To the extent … that membership restricts a country from pursuing policies that are harmful to investors, it can signal low political risk …. Using data over the 1971-2005 period, we find that membership in IOs does indeed increase inflows of FDI. Controlling for …

World Bank projects and generally find that projects that are potentially politically motivated - such as those granted to … governments holding a non-permanent seat on the United Nations Security Council or an Executive Directorship at the World Bank … Council members with higher short-term debt, however, a negative quality rating is more likely. So we find evidence that World …

propose to measure political importance using temporary membership on the United Nations Security Council and analyze a newly …

Banking regulation invites banks to gamble when buying government bonds that regulators consider to be risk-free. The … area banks’ share of domestic government bond holdings increases after the shock. This feeds into cheaper and more … government borrowing laying bare the undesired interaction between banking regulation and constitutional rules. By comparing the …