This paper revisits the findings of Acemoglu et al. (2001) which suggests that the European mortality rates had a significant effect on what kind of institutions the Europeans established in different colonies and those colonial institutions caused dispersions in economic development. I argue...

Dynamics of Balance of Payment developments are still barely researched. Chapter 1 tries to summarize empirical evidence between institutional determinants and BoP movements and proposes a framework for the role of institutions in a debt cycle. It is found that “good” institutions do help a...

This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional...