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In: The journal of politics: JOP, Band 69, Heft 1, S. 262-264
ISSN: 1468-2508
SSRN
Working paper
SSRN
Working paper
In: The journal of politics: JOP, Band 69, Heft 1, S. 262-263
ISSN: 0022-3816
In: Comparative political studies: CPS, Band 39, Heft 4, S. 523-527
ISSN: 0010-4140
In: Comparative political studies: CPS, Band 38, Heft 4, S. 366-387
ISSN: 1552-3829
This article examines the effect of political institutions on countries' risk characteristics and the role that domestic political institutions play in determining the interest rates charged to less developed countries. According to the "democratic advantage" argument, democracies should pay lower interest rates than authoritarian regimes because they are better able to make credible commitments. The author argues that such a claim must be revised in the case of developing countries. The results presented in this article support this assertion. First, they show that democracies are more likely to reschedule their debts, so they have no advantage; rather, the opposite is true. Second, there does not appear to be a significant difference between the interest rates paid by democracies and nondemocracies.
In: Europäische Hochschulschriften
In: Reihe 2, Rechtswissenschaft = Droit = Law 4160
In: Comparative political studies: CPS, Band 38, Heft 4, S. 366-387
ISSN: 0010-4140
In: Die Friedens-Warte: Journal of International Peace and Organization, Band 78, Heft 4, S. 429-432
ISSN: 0340-0255
In: Die Friedens-Warte: Journal of International Peace and Organization, Band 77, Heft 1-2, S. 200-203
ISSN: 0340-0255
In: Die Friedens-Warte: Journal of International Peace and Organization, Band 76, Heft 2-3, S. 305-311
ISSN: 0340-0255
In: Die Friedens-Warte: Journal of International Peace and Organization, Band 76, Heft 2-3, S. 305-311
ISSN: 0340-0255
In: Die Friedens-Warte: Journal of International Peace and Organization, Band 76, Heft 2-3, S. 305-311
ISSN: 0340-0255
In: Die Friedens-Warte: Journal of International Peace and Organization, Band 76, Heft 2-3, S. 305-311
ISSN: 0340-0255
In: The journal of modern African studies: a quarterly survey of politics, economics & related topics in contemporary Africa, Band 15, Heft 1, S. 147-149
ISSN: 1469-7777