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We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version of Acemoglu and Robinson's [American Economic Review 91, 2001] model of political transitions to show how the anticipation of new loans from international financial...
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Recommended readings (Machine generated): Pranab Bardhan (1997), 'Corruption and Development: A Review of Issues', Journal of Economic Literature, XXXV (3), September, 1320-46 -- Jakob Svensson (2005), 'Eight Questions about Corruption', Journal of Economic Perspectives, 19 (3), Summer, 19-42,...
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