economy with imperfect political institutions. In a capital-scarce economy, an autocrat catering to the needs of landowners … chooses to shelter the economy from trade. The trade regime interacts with economic institutions, and with policies on capital … mobility, to govern capital accumulation. A landed autocrat neglects to improve institutions and blocks foreign capital to …

documented issue of surplus liquidity in African financial institutions. Moreover, the sceptical view in the financial …

documented issue of surplus liquidity in African financial institutions. Moreover, the sceptical view in the financial …

In conflict-prone societies, the fear of expropriation that accompanies a regime change reduces capital investment …, technologies that reduce transportation costs) amplify the likelihood of regime change in conflict-prone societies, and strengthen …

This paper examines the effect of institutions on macrofinancial resilience in Asia. Focusing on a panel of 12 Asian … economies from 1996Q1 to 2020Q4, we find that institutions for economies with high levels of institutional quality support the … suggest resilience due to institutions for these economies regarding net equity and debt inflows in crisis times, also …

institutions. To this purpose, we construct a small-open economy model of the “soft budget constraint” syndrome wherein … domestic economic institutions. Our model and empirical analysis help explain the divergence between southern European …