until 2008 with the experience of Sweden and Iceland. The working hypothesis is that social capital decay can be a precursor … as well as consequence of slow economic growth and of financial crises. Iceland is a case in point. An increasingly …

contrary, under corruption, we show that bailouts are ineffective unless rent-seeking groups are eradicated. -- sovereign debt …

This analysis investigates a political corruption model that builds on previous literature on corruption in hierarchies …. Our study enriches the literature on political corruption emphasizing the contrasting role of the minorities having a … involved into the illicit activity and, eventually, spread the corruption disease. …

The article analyzes how economic theory usually investigates corruption. It describes the main traditional economic … face some problems, especially their neglect of some important factors as to why corruption occurs which prevents them from … environment in which corruption occurs. Redistribution system theory can serve as a useful aid here because it reveals that the …

This paper investigates the relationship between electoral incentives, institutions and corruption. We assume that …