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dc.contributor.authorBlouin, Arthuren_US
dc.contributor.authorGhosal, Sayantanen_US
dc.contributor.authorMukand, Sharunen_US
dc.date.accessioned2012-02-14en_US
dc.date.accessioned2012-02-15T17:38:05Z-
dc.date.available2012-02-15T17:38:05Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/55347-
dc.description.abstractWe analyze whether or not the globalization of capital, disciplines governments and improves governance. We demonstrate that globalization affects governance, by increasing a country's vulnerability to sudden capital flight. This increased threat of capital flight can discipline governments and improve governance and welfare by placing countries in a golden straitjacket. However, globalization may also overdiscipline governments - resulting in a perverse impact on governmental incentives that catalyzes (mis)governance. Accordingly, the paper suggests a novel (and qualified) role for capital controls. Finally, we provide some suggestive evidence consistent with the predictions from our theoretical framework.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper: Monetary Policy and International Finance 3715en_US
dc.subject.jelF55en_US
dc.subject.jelF36en_US
dc.subject.ddc330en_US
dc.subject.keywordglobalizationen_US
dc.subject.keywordgovernanceen_US
dc.subject.keywordcapital flighten_US
dc.subject.keywordcapital controlsen_US
dc.subject.keyworddisciplineen_US
dc.subject.stwKapitalmarktliberalisierungen_US
dc.subject.stwGlobalisierungen_US
dc.subject.stwGood Governanceen_US
dc.subject.stwGovernance-Ansatzen_US
dc.subject.stwRegierungen_US
dc.subject.stwKapitalfluchten_US
dc.subject.stwKapitalverkehrspolitiken_US
dc.subject.stwTheorieen_US
dc.titleGlobalization and the (mis)governance of nationsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn685242927en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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