Theory tells us that weak rule of law and institutions deter cross-border integration, deter investment relative to … business in North Korea, we consider how informal institutions have addressed these problems in a setting in which rule of law … and institutions are particularly weak. Given the apparent reliance on hedging strategies, the rapid growth in exchange …

Post-socialist transition raises crucial issues about the institutional setting of a market economy. The priority has …

Theory tells us that weak rule of law and institutions deter cross-border integration, deter investment relative to … business in North Korea, we consider how informal institutions have addressed these problems in a setting in which rule of law … and institutions are particularly weak. Given the apparent reliance on hedging strategies, the rapid growth in exchange …

an assessment of privatization as the central and most important aspect of the transition. …

, politically and economically strong conglomerates in transition and developing countries. The model predicts that oligarchs are …

preference for state property over private property; whereas transition-related hardships influence support for revising …

-run living standards. Moreover, it appears that property rights institutions are causal for development whereas contracting … institutions affect the nature of financial intermediation in the economy. I use these results to explore two questions. If … property rights institutions matter for economic growth, can they help explain large-scale reform surprises? The reforms in …

The transition from a planned to a market oriented economy requires a complex amalgam of stabilization, liberalization … safety for citizens during the transition process. Reference: Challenge, May/June 1990, pp. 46-53 …