Kraay (2003) documents the lack of any systematic association between monetary policy and the outcome of a speculative attack. This paper revisits Kraay's work and modifies it by introducing an improved measure of monetary policy and an additional country-specific fundamental, short-term...

Constitutions are commonly thought to express nations' highest values. They are near-universally proclaimed in the name of “We the People” and regarded — by scholars and the general public alike — as an expression of the people's views and values. This Article shows empirically that this...