INST&GLOB

Institutions and Globalization

Coordinatore	UNIVERSITA COMMERCIALE LUIGI BOCCONI    more Spiacenti, non ci sono informazioni su questo coordinatore. Contattare Fabio per maggiori infomrazioni, grazie.
Nazionalità Coordinatore	Italy [IT]
Totale costo	1˙002˙000 €
EC contributo	1˙002˙000 €
Programma	FP7-IDEAS-ERC Specific programme: "Ideas" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013)
Code Call	ERC-2009-StG
Funding Scheme	ERC-SG
Anno di inizio	2009
Periodo (anno-mese-giorno)	2009-09-01   -   2015-05-31

 Partecipanti

#	participant	country	role	EC contrib. [€]
1	Centre de Recerca en Economia Internacional (CREI)  Organization address address: RAMON TRIAS FARGAS 25/27 city: BARCELONA postcode: 8005 contact info Titolo: Mrs. Nome: Anna Cognome: Rios Email: send email Telefono: +34 93 542 2562 Fax: +34 93 542 2826	ES (BARCELONA)	beneficiary	667˙742.20
2	UNIVERSITA COMMERCIALE LUIGI BOCCONI  Organization address address: Via Sarfatti 25 city: MILANO postcode: 20136 contact info Titolo: Mr. Nome: Luigi Cognome: Pellegrino Email: send email Telefono: +3902 5836 2242 Fax: +3902 5836 2187	IT (MILANO)	hostInstitution	334˙257.80
3	UNIVERSITA COMMERCIALE LUIGI BOCCONI  Organization address address: Via Sarfatti 25 city: MILANO postcode: 20136 contact info Titolo: Prof. Nome: Nicola Cognome: Gennaioli Email: send email Telefono: +3902 5836 3300 Fax: +3902 5836 3302	IT (MILANO)	hostInstitution	334˙257.80

Mappa

 Word cloud

Esplora la "nuvola delle parole (Word Cloud) per avere un'idea di massima del progetto.

 Obiettivo del progetto (Objective)

'Economists have recently shown that developed economies rely on proper institutions for securing property rights, resolving disputes, etc. Scholars have studied the consequences of alternative legal and political institutions, but much remains to be done. One important and unexplored territory concerns the analysis of how national institutions interact in the international arena. This proposal seeks to study this problem from two perspectives. First, how does the quality of a country s national institutions affect its gains from international integration? Second, how does international integration affect a country s institutional reform path? We address the first question by studying, both theoretically and empirically, the impact of national institutions on sovereign risk, where the latter is defined as the risk that a government unilaterally decides ex-post not to honor its financial obligations with foreigners. While the impact of national institutions on private capital flows has been studied, the role of these same institutions on supporting government debt has so far received scant attention. As for the second question, we study the impact of political and financial integration on countries institutional reform. We model two different motivations towards institutional change in an integrated world: a) direct confrontation in wars and b) competition through world financial markets. The general thrust of these analyses is that institutional reform becomes a strategic variable in international competition, creating cross-country externalities that can shed light on observed episodes of institutional converge or divergence. We also consider the role of institutional harmonization in supporting economic integration.'