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Exchange rate policy results not just from economic, but also from fundamentally political processes. This paper analyzes the propensity of policy makers to relax fixed exchange rate regimes by performing regular realignments. The argument is that when information is scarce as in transition...
Persistent link: https://www.econbiz.de/10013155714
Using a new set of micro evidence from an original survey of 28 transition countries, we show that democracy increases citizens' support for the market by guaranteeing income redistribution to inequality-averse agents. Our identification strategy relies on the restriction of the sample to...
Persistent link: https://www.econbiz.de/10013325128
Nach dem Zusammenbruch der sozialistischen Systeme vollzogen die betroffenen Ländern Mittel- und Osteuropas in unterschiedlichem Tempo und sequencing den Weg zu Demokratie und einer marktwirtschaftlichen Wirtschaftsordnung. Die polit-ökonomischen Probleme bei der Durchsetzung der umfassenden...
Persistent link: https://www.econbiz.de/10003838585
policies have affected democratization. First, this paper demonstrates a robust democracy boost from lustration policies. In … democratization than programs relying on symbolic, moral cleansing changes alone. Second, the magnitude of the effect is substantial … enhances overall levels of democratization …
Persistent link: https://www.econbiz.de/10013049042
Beyond direct damages, terrorism creates fear and insecurity, potentially reducing support for democratic institutions if these are deemed inadequate to tackle the threat, and increasing support for military governments. To investigate this possibility, we use data from Pakistan, a country that...
Persistent link: https://www.econbiz.de/10013013071
Beyond direct damages, terrorism creates fear and insecurity, potentially reducing support for democratic institutions if these are deemed inadequate to tackle the threat, and increasing support for military governments. To investigate this possibility, we use data from Pakistan, a country that...
Persistent link: https://www.econbiz.de/10011713821
legal rules); the latter is measured by the rule of law, investors' risk and corruption indices. We discuss two … interconnected threshold hypotheses: (1) in countries where law and order is strong enough, democratization stimulates economic … growth, whereas in countries with poor law and order democratization undermines growth; (2) if democratization occurs under …
Persistent link: https://www.econbiz.de/10014222393
The Corruption Perception Index (CPI) is the most famous corruption evaluation since its first publication by … Transparency International (TI), in 1995. This index is also considered the most robust measure of corruption perceptions. However … article we isolated the role played by the media in corruption perceptions. We previously suggested that young democracies …
Persistent link: https://www.econbiz.de/10014188199