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Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…
Money is essential for electoral politics yet its use and abuse often raises problems of graft, corruption, and cronyism. To throw new…
Can governments improve aid programs by providing information to beneficiaries? In our model, information can change how much aid citizens…
In many countries, polling day ends with disputes about ballot-box fraud, corruption, and flawed registers. Which claims are legitimate?…
This book is a story of one village, Yantian, and its remarkable economic and social transformation. The village sits in the Pearl River…
In this paper, we provide a new framework for analyzing corruption in public bureaucracies. The standard way to model corruption is as an…