quality of governance) and the degree of market segmentation (depending on the level of ethnic fractionalization). The model …

self-fulfilling multiple equilibria arise. I analyze the implications of this fragility for the governance of the Eurozone …. I conclude that the new governance structure (ESM) does not sufficiently recognize this fragility. Some of the features … equilibria ; governance …

We analyze whether or not the globalization of capital, "disciplines" governments and improves governance. We … demonstrate that globalization affects governance, by increasing a country's vulnerability to sudden capital flight. This … increased threat of capital flight can discipline governments and improve governance and welfare by placing countries in a …

-central governance ; accommodating ; and competing …

: extended institutional and governance quality, democracy, voice and accountability, a well functioning system of law and order … for a contagion effect. -- Assassinations ; rational choice ; governance ; democracy ; dictatorship ; deterrence …