Gassebner, Martin; Albornoz, Facundo; Aidt, Toke S. - KOF Swiss Economic Institute, Department of Management, … - 2012
We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version of Acemoglu and Robinson's [American Economic Review 91, 2001] model of political transitions to show how the anticipation of new loans from international financial...
