Dadasov, Ramin; Harms, Philipp; Lorz, Jens Oliver - Verein für Socialpolitik, Ausschuss für … - 2009
It is often argued that a saticfactory institutional quality is prerequi- site for successfull financial integration …. This paper analyzes the influence of financial integration on institutional quality. We construct a dynamic politico … integration reduces capital costs for the entrepreneurs and therefore increases their gross profits, the elite counteracts this …