We examine the effects of oil rents on corruption and state stability exploiting the exogenous within-country variation … increase in oil rents significantly increases corruption, significantly deteriorates political rights while at the same time … redistribution and conflict. We support our argument documenting that there is a significant effect of oil rents on corruption in …

This paper analyses why corruption can persist for long periods in a democracy and inquires whether this can result …, the paper analyzes how corruption distortsthe allocation of resources between public and private expenditure, altering the … citizens can indirectly benefit from corruption. The paper shows that, under this condition, if the citizens anticipate a shift …

Sound corporate governance is essential for a well-functioning banking system and the integrity of financial markets …. The paper discusses the corporate governance of Italian banks, its regulatory framework, and the specific challenges … improving their corporate governance, more needs to be done. In this regard, further improvements should include: (i …

I study the link between ethnic diversity, democracy, and corruption. In a static model, I show that contrary to … conventional wisdom, corruption might emerge as a negative externality of democracy. This occurs through ethnicity, which appears … other words, the model predicts that democracy exhibits a threshold effect on corruption. …

the general equilibrium effects of capital flows (portfolio investments and loans, FDI) on the governance of domestic … banks. We find that liberalization of capital flows may deteriorate the governance of the domestic financial system by …

resource abundance can contribute to growth. It finds that governance determines the extent to which the growth effects of …

restraint, can underpin growth, although sometimes other elements can also impact. Since better governance is associated with … lower debt, fiscal adjustment should be supported by governance improvements. …

capability, better governance and institutions, technological symmetry and social acceptance-causes income to increase and income …