What Determines Long-Run Macroeconomic Stability? Democratic Institutions

01/12/2004 | Shanker Satyanath and Arvind Subramanian1

IMF Working Paper

Related stories

  • FINANCING LATAM'S BANKS: Niche currencies lead the way ...

    Well-capitalised and experiencing a slowdown in growth, Latin American banks are not likely to rush to print bonds in either the bank capital market or the funding space this year. But that doesn’t mean people don’t want them to – and the continent’s lenders are finding new fan bases abroad

  • The slowdown is behind us – Mexico's Sanchez

    The impact of energy and telecom reforms will be powerful for Mexico and will create attractive investment opportunities, says deputy governor of the Bank of Mexico

  • COLOMBIA: Freeing up Colombia's economy

    In the enviable position of boasting low inflation as EM currencies tumble, Colombia appears well placed to withstand the shocks of changing global monetary policy. But for the economy to make sustainable strides, long-term improvements are needed – starting with infrastructure

  • Drought sparks Brazil blackout fears ahead of show-piece ...

    It is crunch time for Brazil as it battles to prevent power blackouts during the Fifa World Cup this summer

  • Magical economic realism alive and well in Venezuela

    Venezuela’s annual inflation hit 57.3% in February, but a group of chamber of commerce leaders defied experts’ analysis to present a bullish case for investment in the country


Editor's Picks


In Focus

  1. BRAZIL: Rousseff running out of time to restore economic credibility

  2. FINANCING LATAM’S BANKS: Niche currencies lead the way for LatAm exposure

  3. US QE tapering a good sign but watch the short end…

  4. JIM O'NEILL: Latin America can learn from Mexico’s efforts

  5. LATIN AMERICA: Filling the infrastructure financing gap

Over the past year, Russia made no big progress in terms of improving its economy.

Vladimir Tikhomirov, chief economist, Otkritie Securities