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https://hdl.handle.net/10419/55347
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Blouin, Arthur | en |
dc.contributor.author | Ghosal, Sayantan | en |
dc.contributor.author | Mukand, Sharun | en |
dc.date.accessioned | 2012-02-14 | - |
dc.date.accessioned | 2012-02-15T17:38:05Z | - |
dc.date.available | 2012-02-15T17:38:05Z | - |
dc.date.issued | 2012 | - |
dc.identifier.uri | http://hdl.handle.net/10419/55347 | - |
dc.description.abstract | We 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.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x3715 | en |
dc.subject.jel | F55 | en |
dc.subject.jel | F36 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | globalization | en |
dc.subject.keyword | governance | en |
dc.subject.keyword | capital flight | en |
dc.subject.keyword | capital controls | en |
dc.subject.keyword | discipline | en |
dc.subject.stw | Kapitalmarktliberalisierung | en |
dc.subject.stw | Globalisierung | en |
dc.subject.stw | Good Governance | en |
dc.subject.stw | Governance-Ansatz | en |
dc.subject.stw | Regierung | en |
dc.subject.stw | Kapitalflucht | en |
dc.subject.stw | Kapitalverkehrspolitik | en |
dc.subject.stw | Theorie | en |
dc.title | Globalization and the (mis)governance of nations | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 685242927 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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