This paper revisits the findings of Acemoglu et al. (2001) which suggests that the European mortality rates had a significant effect on what kind of institutions the Europeans established in different colonies and those colonial institutions caused dispersions in economic development. I argue...

Dynamics of Balance of Payment developments are still barely researched. Chapter 1 tries to summarize empirical evidence between institutional determinants and BoP movements and proposes a framework for the role of institutions in a debt cycle. It is found that “good” institutions do help a...