Narrow search
Showing 1 - 10 of 272
Cover Image
Cape Verde and Mozambique as Development Successes in West and Southern Africa
Braga de Macedo, Jorge - 2010
This paper applies an interpretation of how globalization and governance (G&G) interact with convergence given Cape Verde and Mozambique's particular geographical and historical contexts. We hold that development success under globalization entails, necessarily but not exclusively, positive...
Persistent link: https://www.econbiz.de/10013135763
Cover Image
Peace and War in Territorial Disputes
Grossman, Herschel I. - 2021
Why do sovereign states sometimes fail to settle territorial disputes peacefully? Also, why do even peaceful settlements of territorial disputes rarely call for the resulting border to be unfortified? This paper explores a class of answers to these questions that is based on the following...
Persistent link: https://www.econbiz.de/10013310602
Cover Image
Globalization, Governance, and the Returns to Cross-Border Acquisitions
Ellis, Jesse A. - 2011
Using a sample of control cross-border acquisitions from 61 countries from 1990 to 2007, we find that acquirers from countries with better governance gain more from such acquisitions and their gains are higher when targets are from countries with worse governance. Other acquirer country...
Persistent link: https://www.econbiz.de/10013131665
Cover Image
Globalization, Government Popularity, and the Great Skill Divide
Aksoy, Cevat Giray - 2018
How does international trade affect the popularity of governments and leaders? We provide the first large-scale, systematic evidence that the divide between skilled and unskilled workers worldwide is producing corresponding differences in the response of political preferences to trade shocks....
Persistent link: https://www.econbiz.de/10012910662
Cover Image
Putting Global Governance in its Place
Rodrik, Dani - 2019
In a world economy that is highly integrated, most policies produce effects across the border. This is often believed to be an argument for greater global governance, but the logic requires scrutiny. There remains strong revealed demand for policy and institutional diversity among nations,...
Persistent link: https://www.econbiz.de/10012863686
Cover Image
Fiduciary Duties and Equity-Debtholder Conflicts
Becker, Bo - 2011
We use an important legal event as a natural experiment to examine the effect of management fiduciary duties on equity-debt conflicts. A 1991 Delaware bankruptcy ruling changed the nature of corporate directors' fiduciary duties in firms incorporated in that state. This change limited managers'...
Persistent link: https://www.econbiz.de/10013117403
Cover Image
Cycles of Distrust : An Economic Model
Acemoglu, Daron - 2012
We propose a model of cycles of distrust and conflict. Overlapping generations of agents from two groups sequentially … a sequence of bad actions originated. Assuming that both sides are not extremists, spirals of distrust and conflict get … this mechanism can be useful in interpreting cycles of ethnic conflict and international war, and how it also emerges in …
Persistent link: https://www.econbiz.de/10013103053
Cover Image
The Credit Ratings Game
Bolton, Patrick - 2010
interest of Credit Rating Agencies (CRAs). We model both the CRA conflict of understating credit risk to attract more business …, and the issuer conflict of purchasing only the most favorable ratings (issuer shopping), and examine the effectiveness of …
Persistent link: https://www.econbiz.de/10012757875
Cover Image
Conflict and Deterrence Under Strategic Risk
Chassang, Sylvain - 2010
We examine the mechanics of deterrence and intervention when fear is a motive for conflict. We contrast results … distinguish predatory and preemptive incentives as determinants of conflict. We show that while weapons have an unambiguous …
Persistent link: https://www.econbiz.de/10012759352
Cover Image
Incentive Conflict in Central-Bank Responses to Sectoral Turmoil in Financial Hub Countries
Kane, Edward J. - 2010
this goal conflict, this paper develops two hypotheses. First, in times of financial-sector stress, political pressure is …
Persistent link: https://www.econbiz.de/10012759699