This paper explores whether coups cause increased crisis risk, and if some types of coups are associated with stronger risk. I use a worldwide sample with data on more than 1200 onsets of economic crisis between 1950 and 2019, treat separate effects of military and civilian coup attempts, and...

"Sovereign debt default is an often catastrophic form of economic crisis that can affect the entire global economy. The IMF predicts that, in the coming years, over 50 countries are at risk of default. Yet, we understand little about the political determinants of this decision to renege on...

Robert Fritzsch provides an institutional economic analysis of the Great Recession. The author shows that institutions matter as determinants of crisis resilience - however in a different way than predicted by the prominent theories of Olson (1982) and North, Wallis, Weingast (2009), as the...