Showing 1 - 10 of 30
Persistent link: https://www.econbiz.de/10000837999
Persistent link: https://www.econbiz.de/10000139045
In the centrally planned economies of Eastern Europe, monetary policy played a subordinate role, there were no capital-market institutions and the banking system was single-tier. All this has to be changed in the transition to a market economy. The example of Hungary, which abolished the...
Persistent link: https://www.econbiz.de/10011546768
Persistent link: https://www.econbiz.de/10001105668
Persistent link: https://www.econbiz.de/10001184875
The theory presented in this paper explains democratic transitions on the basis of rentmaximizing political leaders that aim at improving the credibility of post-constitutional policy making by way of introducing a decentralized democratic politico-institutional structure. They face an incentive...
Persistent link: https://www.econbiz.de/10009781875
Persistent link: https://www.econbiz.de/10009317595
This paper aims at contributing to a better understanding of the conditions of self-enforcing democracy by analyzing the recent wave of autocratic transitions. Based on a game-theoretic framework, we work out the conditions under which governments may induce the diverse public authorities to...
Persistent link: https://www.econbiz.de/10011790816
Persistent link: https://www.econbiz.de/10013452257
Persistent link: https://www.econbiz.de/10013440570