While the literature has documented negative effects of conflict on educational outcomes, there is little evidence on the effect of conflict termination. We show how the permanent ceasefire declared by FARC's insurgency during peace negotiations with the Colombian government caused a...

Economic sanctions and covert actions from hegemonic states are common tools used to influence other countries. Less is known about non-state actors such as banks and their impact across borders. We use new firm-level data from Chile to document a substantial decrease in financial relations with...

Free media may not favor political accountability when other democratic institutions are weak, and may even bring undesirable unintended consequences. We propose a simple model in which candidates running for office may engage in coercion to obtain votes. A media scandal exposing these...