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dc.contributor.authorBlouin, Arthuren
dc.contributor.authorGhosal, Sayantanen
dc.contributor.authorMukand, Sharunen
dc.date.accessioned2012-02-14-
dc.date.accessioned2012-02-15T17:38:05Z-
dc.date.available2012-02-15T17:38:05Z-
dc.date.issued2012-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3715en
dc.subject.jelF55en
dc.subject.jelF36en
dc.subject.ddc330en
dc.subject.keywordglobalizationen
dc.subject.keywordgovernanceen
dc.subject.keywordcapital flighten
dc.subject.keywordcapital controlsen
dc.subject.keyworddisciplineen
dc.subject.stwKapitalmarktliberalisierungen
dc.subject.stwGlobalisierungen
dc.subject.stwGood Governanceen
dc.subject.stwGovernance-Ansatzen
dc.subject.stwRegierungen
dc.subject.stwKapitalfluchten
dc.subject.stwKapitalverkehrspolitiken
dc.subject.stwTheorieen
dc.titleGlobalization and the (mis)governance of nations-
dc.typeWorking Paperen
dc.identifier.ppn685242927en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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