Do banking crises improve democracy?

Public Choice - We study the relationship between banking crises and the level of democracy. We use an event-study method on a sample of up to 129 countries over the period 1975–2010...     

Federalism and Governability in Brazil: Oil Royalties in Dispute

This article discusses the relationship between governability and federalism in Brazil, analysing the dispute among Brazilian states for oil royalties. This conflict features an unusual pattern in federal legislative voting, leading to regional alignment, rather than the usual party political configuration. This study explains the phenomenon by showing how this organisation makes it possible to align the preferences of national party leaders, regional party leaders, parliamentarians, and each state's voters. The political influence of governors and mayors is also underlined, and the Union's role in the process is described in detail.