This article uses cross-country data to examine the link between a country's type of political regime and its degree of openness and labor market distortion. The analysis indicates that more authoritarian regimes are associated with higher trade protection and greater labor market distortions....

In developing countries most of the financial assets are deposits at commercial banks. This article focuses on the implicit taxation of financial assets through seigniorage, reserve requirements, lending targets, and interest ceilings combined with inflation. The impact of taxation on financial...