Restrictive policies aimed at reducing the likelihood of bank failure during recessions tend to increase the probability of a credit crunch. In this paper we infer governments' policy responses to this dilemma by studying the cyclical behavior of bank capital in 1369 banks from 28 OECD countries...

The effects of defense spending on economic performance and, in particular, on economic growth have been studied extensively in the literature. The empirical findings have been ambiguous so far, partly reflecting the econometric difficulties involved in the estimation of this relationship. The...

We draw on the policy diffusion literature to shed more light on the determinants of treaty ratification, a crucial step in the formation of international regimes. Our hypotheses stipulate that a country's ratification behaviour is influenced by the ratification choices of other countries in...

In this comprehensive reference work, Kevin Gallagher has compiled a fresh and broad-ranging collection of expert voices commenting on the interdisciplinary field of trade and the environment. For over two decades policymakers and scholars have been struggling to understand the relationship...

This article reviews the existing theoretical arguments and empirical findings linking renewable and non-renewable natural resources to the onset, intensity, and duration of intrastate as well as interstate armed conflict. Renewable resources are supposedly connected to conflict via scarcity,...

Powerful political actors in the international system quite frequently adopt unilateral policies whose implications extend beyond their respective borders. Examples include financial market regulation as well as taxation, trade and environmental policies. They do so to avoid lowest...

We argue that participation in international agreements is influenced by their design characteristics, notably commitment levels, measured by the specificity of obligations, and compliance mechanisms, measured by monitoring, enforcement, assistance, and dispute settlement provisions in treaties....

In this paper we are interested in the relationship between globalization, political institutions (notably, democracy) and international environmental commitments. This relationship has been the subject of a particularly intensive debate and the existing literature offers a wide range of partly...

We study the effects of economic globalization (liberalization of international trade and investment flows) on the environment in the context of a model that integrates standard factor endowment theory (FET) with the pollution haven hypothesis (PHH). Both FET and PHH imply that inward investment...