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dc.contributor.authorGassebner, Martinen_US
dc.contributor.authorAidt, Tokeen_US
dc.contributor.authorAlbornoz, Facundoen_US
dc.date.accessioned2010-08-11T08:53:30Z-
dc.date.available2010-08-11T08:53:30Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/37342-
dc.description.abstractIn this paper we analyze the role of the IMF and the World Bank in triggering changes in the political regime, i.e., democracy and autocracy. We develop a theoretical model which predicts that anticipation of financial flows from international financial institutions may trigger political regime changes which would not take place otherwise. We test the implications of our model empirically and find support both for the role of perfectly foreseen IMF and World Bank programs and of the history of previous World Bank programs. The magnitude of these effects is not only statistically relevant but also of economic importance.en_US
dc.language.isoengen_US
dc.publisherVerein für Socialpolitik Frankfurt a. M.en_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Developing Countries and Globalization G4-V3en_US
dc.subject.jelO19en_US
dc.subject.jelF34en_US
dc.subject.jelF42en_US
dc.subject.ddc330en_US
dc.subject.keywordpolitical transitionsen_US
dc.subject.keyworddemocracyen_US
dc.subject.keywordautocracyen_US
dc.subject.keywordpolitical instabilityen_US
dc.titleThe Golden Halo and Political Transitionsen_US
dc.typeConference Paperen_US
dc.identifier.ppn655935088-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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