Similar Search Results

Risky Investments with Limited Commitment

Cooley, Thomas F. - 2013

Over the last three decades there has been a dramatic increase in the size of the financial sector and in the compensation of financial executives. This increase has been associated with greater risk-taking and the use of more complex financial instruments. Parallel to this trend, the...

Persistent link: https://www.econbiz.de/10012459068

The Eurocrisis : Muddling Through, or On the Way to a More Perfect Euro Union?

Aizenman, Joshua - 2014

institutions. The euro has operated as a currency without a state, under the dominance of Germany. This has so far allowed the euro … to achieve a number of design objectives, and this may continue, as long as Germany does not shirk its growing … responsibility for the euro's future. Germany's resilience and dominant size within the EU may explain its "muddling …

Persistent link: https://www.econbiz.de/10012458424

Do Institutions Cause Growth?

Glaeser, Edward L. - 2004

We revisit the debate over whether political institutions cause economic growth, or whether, alternatively, growth and human capital accumulation lead to institutional improvement. We find that most indicators of institutional quality used to establish the proposition that institutions cause...

Persistent link: https://www.econbiz.de/10012468125

Reform from Within

Tornell, Aaron - 1998

We present a model of endogenous institutional change that rationalizes reforms that have taken place in the context of economic crisis and drastic political change. Most of the reforms have been initiated by powerholders, even though they have ended worse off relative to the status quo. The...

Persistent link: https://www.econbiz.de/10012472305

A Conceptual Framework for Understanding Critical Transitions

Alston, Lee J. - 2016

Critical transitions for a country are historical periods when the powerful organizations in a country shift from one set of beliefs about how institutions (the formal and informal rules of the game) will affect outcomes to a new set of beliefs. Critical transitions can lead a country toward...

Persistent link: https://www.econbiz.de/10012456531

Conflict, Evolution, Hegemony, and the Power of the State

Levine, David K. - 2013

In a model of evolution driven by conflict between societies more powerful states have an advantage. When the influence of outsiders is small we show that this results in a tendency to hegemony. In a simple example in which institutions differ in their "exclusiveness" we find that these...

Persistent link: https://www.econbiz.de/10012459442

Political Economy in a Changing World

Acemoglu, Daron - 2013

We provide a general framework for the analysis of the dynamics of institutional change (e.g., democratization, extension of political rights or repression of different groups), and how these dynamics interact with (anticipated and unanticipated) changes in the distribution of political power...

Persistent link: https://www.econbiz.de/10012459504

Do Demographic Changes Affect Risk Premiums? Evidence from International Data

Ang, Andrew - 2003

century for the US, Japan, UK, Germany and France, and a shorter sample covering the last third of the twentieth century for …

Persistent link: https://www.econbiz.de/10012469021

Financial Systems, Economic Growth, and Globalization

Rousseau, Peter L. - 2001

formal quantitative analysis. We begin with studies of the Dutch Republic, England, the U.S., France, Germany and Japan that …

Persistent link: https://www.econbiz.de/10012470401

Financial development and growth in the short and long run

Fisman, Raymond - 2004

"We analyze the relationship between financial development and inter-industry resource allocation in the short- and long-run. We suggest that in the long-run, economies with high rates of financial development will devote relatively more resources to industries with a 'natural' reliance on...

Persistent link: https://www.econbiz.de/10010523015

1
2
3
4
5
6
7
8
9
10
Next
Last