In some new political economic models, delays of stabilizations result from coordination problems caused by collective choice-making mechanisms. Although several previous studies have tested the effects of political instability and fragmentation on seigniorage, deficits, or inflation, no direct tests of the influence of these factors on the delays of stabilizations have previously been undertak...

In this paper we estimate a time-series model of excess liquidity in the Egyptian banking sector. While financial liberalization and financial stability are found to have reduced excess liquidity, these effects have been offset by an increase in the number of violent political incidents arising from conflict between radical Islamic groups and the Egyptian state. The link between political event...

Efforts to amend the 1987 Constitution have distinctively marked the national agenda since the early 90s. Years of political instability and economic downturns have prompted key sectors of society, and the constituency it has spawned, to propose changes in the post-Marcos charter. Specifically, they want a shift to a parliamentary system of government. According to them, this form of government...

Several political and economic factors are involved in choosing exchange rate policy in Organization of Islamic Cooperation (OIC) countries. In the present study, these factors  have been investigated with an emphasis on OCA and political economic factors during 1990 -2014. The result shows that OCA and political economic factors as well as tradable sector are influential on exchange rate poli...

This paper models the influence of political instability on long-term economic growth. We consider three systems associated to real-world increasing participation in policy-making. For each system, society chooses an agent that remains power unless instability, represented as a shortening period office, sets in, which turn leads temporal horizon. The charge reevaluates optimal consumption progr...

In this paper, we analyzed the long-run relationship between political instability and shadow economy in Uganda using autoregressive distributed lag bounds testing approach to cointegration. We found a negative statistically significant economy, both short-run. This implies that an improvement processes creates stability incumbent regime significantly reduces consistent with view institutions p...