A growing economics literature argues that taxation can strengthen the quality of governance and public sector institutions by making governments more responsive and accountable to their citizens, building capacity, and improving public policy. In this paper, we provide empirical support for...

This paper examines how for parent banks headquartered in the US and EU countries bank risk during the financial crisis of 2008-2009 was related to the size of banks’ internal capital market (ICM) and other bank characteristics in the pre-crisis period of 2002-2007. The results suggest that...

The recent development literature stresses that countries that receive large revenues from natural resource endowments typically raise less revenue from domestic taxation, and that this creates governance problems because the lower domestic tax effort reduces the incentive for the public...