This paper explores the conditions under which public spending could minimize violent conflict related to oil wealth. Previous work suggests that oil can lead to violent conflict because it increases the value of the state as a prize or because it undermines the state' bureaucratic penetration....

"This paper analyzes the economic growth impact of organized political violence. First, the authors articulate the theoretical underpinnings of the growth impact of political violence in a popular model of growth under uncertainty. The authors show that, under plausible assumptions regarding...

"This paper analyzes the economic growth impact of organized political violence. First, the authors articulate the theoretical underpinnings of the growth impact of political violence in a popular model of growth under uncertainty. The authors show that, under plausible assumptions regarding...

Haiti's economic development has been held back by a history of civil conflict and violence. With donor assistance declining from its exceptional levels following the 2010 earthquake, and concessional financing growing scarce, Haiti must learn to live with tighter budget constraints. At the same...

This paper explores the conditions under which public spending could minimize violent conflict related to oil wealth. Previous work suggests that oil can lead to violent conflict because it increases the value of the state as a prize or because it undermines the state's bureaucratic penetration....

In this paper, the conditions under which the spending patterns of oil resources may mitigate the risk of violent domestic conflict are studied. Some recent research suggests that more government spending either in general or specifically in welfare and military may reduce the risk of civil...

This article analyzes the e ect of central bank independence on scal de cits. Previous literature nds a negative relationship between bank independence and de cits in OECD countries. No such relationship is found for developing countries. We argue that independent and conservative central...

The European Monetary System (EMS) was set up in 1979 as a step in the monetary integration of the European Community. At its core, the EMS worked as fixed but adjustable exchange rates and, despite its success in retaining country membership, it experienced a series of currency realignments...