This paper analyzes the importance of developing market-enhancing institutions for restoring economic growth in … transition economies during 1991–98. The paper’s main finding is that the development of an institutional framework has indeed a …

This study aims to identify policies that influence the development of financial institutions as measured across three … levels of development and benchmarks predicted by structural variables. Our dynamic panel estimation shows that inflation …, trade openness, institutional quality, and banking crises significantly affect financial development. Our analysis also …

institutions as well as deepening capital markets in developing countries to improve financing conditions and investment outcomes …

weak domestic institutions. We test this and other predictions of our model using a large cross-section of emerging markets … crowding-out was stronger in the presence of weak domestic institutions, narrow fiscal space, and among the net oil importers …

This paper analyzes the importance of information technology (IT) in banking for entrepreneurship. To guide our … entrepreneurship by making it easier for startups to borrow against collateral. We provide empirical evidence that job creation by … lending channel for IT banks, entrepreneurship increases more in IT-exposed counties when house prices rise. In line with the …

, and inclusive political institutions to inform and monitor policymaking …

Would better state institutions increase tax collection, or would higher tax collection help improve state institutions …, the paper finds that tax capacity and state institutions cause and reinforce each other for a wide range of country groups …. The bi-directional causality results suggest that developing tax capacity and building state institutions need to go hand …

effects of institutions on these financial frictions using a panel of 75,000 firm-years across 48 countries for the period …