Mcmillan, John; Zoido, Pablo - In: Journal of Economic Perspectives 18 (2004) 4, pp. 69-92
Which of the democratic checks and balances--opposition parties, the judiciary, a free press--is the most forceful? Peru has the full set of democratic institutions. In the 1990s, the secret-police chief Montesinos systematically undermined them all with bribes. We quantify the checks using the...