In the first part of this paper we argue that three reforms must be implemented if privatization is to increase … small window of opportunity? Either they privatize hastily today, or not at all. Should they go ahead with privatization and … clear cut. Privatization without prior implementation of the three reforms mentioned above will simply replace government …

In a cross-section of countries, government regulation is strongly negatively correlated with social capital. We … document this correlation, and present a model explaining it. In the model, distrust creates public demand for regulation …, while regulation in turn discourages social capital accumulation, leading to multiple equilibria. A key implication of the …

differences in financial development, contracting costs or regulation. We find cross-country correlations between vertical …

We use two micro data sets that collect harmonized data across countries to investigate the effects of regulation on … regulation we use, we always find a detrimental effect of regulation on entrepreneurship. While women are overall less likely to … opportunity but because they could not find better work. Moreover, regulation dampens the effects of self-assessed business skills …

Countries who adopted regulation of coal-fired power plants after 1980 generally did so at a much lower level of per … environmental regulation provide an advantage to countries adopting these regulations later, presumably through advances in … technology made by these first adopters. Focusing specifically on regulation of coal-fired power plants, we ask to what extent …

This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It …