In den letzten Jahrzehnten haben Staaten mit unterschiedlichen Modellen geldpolitischer Institutionen experimentiert, wie z.B. alternative Wechselkursregimen oder der Unabhängigkeit der Zentralbank. Politische Ökonomen haben die Rolle dieser Institutionen in erster Linie vor dem Hintergrund...

The relationship between democracy and globalisation has been the focus of substantial policy and academic debate. Some argue that democracy and globalisation go hand in hand suggesting that unrestricted international transactions leads to increased political accountability and transparency....

Much ink has been spilled over the connections between capital account liberalization and growth. One reason that previous studies have been inconclusive, we show, is their failure to account for the impact of crises on growth and for the capacity of controls to limit those disruptive output...