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following Turkey's financial crisis in 2001, but then started moving in the opposite direction in the second half of 2000s. This … deepening in Turkish democracy under the prodding and the guidance of the European Union, and witnessed the waning of the … military's influence and the broadening of effective political participation. As Turkey-European Union relations collapsed and …
Persistent link: https://www.econbiz.de/10012457061
This paper studies the impact of investor composition on the sovereign debt market and the implied funding costs to borrowers. We construct an aggregate data set of sovereign debt holdings by foreign and domestic bank, non-bank private, and official investors for 95 countries over twenty years....
Persistent link: https://www.econbiz.de/10013210115
We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, GATT. We review recent …
Persistent link: https://www.econbiz.de/10012463204
This paper examines the roles played by organizations in maintaining the Bretton Woods System. Theory indicates that even if countries understand that cooperation will lead them to a Pareto superior outcome, they need not cooperate unless they are convinced that other countries are also...
Persistent link: https://www.econbiz.de/10012475030
International environment and development agencies increasingly emphasize external cofinancing when selecting projects to fund. This paper considers whether the emphasis on cofinancing helps promote institutional objectives, or creates perverse and inefficient incentives. We present a model of...
Persistent link: https://www.econbiz.de/10014322845
most effective ones for processing and aggregating local knowledge. Democracy is a meta-institution for building good …
Persistent link: https://www.econbiz.de/10012471235
and surveys, we show that individuals with longer exposure to democracy display stronger support for democratic … and focusing on immigrants' exposure to democracy before migration. In all cases, the timing and nature of the effects are …
Persistent link: https://www.econbiz.de/10012616615
democracy and favors the process of democratization. We combine survey data with country-level measures of democracy from 1960 … integrated with democracies are, at the time of the survey, more supportive of democracy. In line with the change in citizens …' preferences, economic integration with democratic partners has a large, positive effect on a country's democracy score. Instead …
Persistent link: https://www.econbiz.de/10013210083
Beyond its immediate impact on public health and the economy, the COVID-19 pandemic has put democracy under stress …, an opposing view is that dissatisfaction with government performance may cause deeper dissatisfaction with democracy even …,500 respondents to examine the impact of the pandemic on public attitudes about incumbent governments, the functioning of democracy …
Persistent link: https://www.econbiz.de/10012696423
World Poll, starting in 2005 and extending to 2017 or 2018. In our analysis of the panel of more than 150 countries and … government is correlated with happiness, however forms of democracy and government spending seem not. We further discuss three …
Persistent link: https://www.econbiz.de/10012479363