G. K. GOLDEN, CRISIS MANAGEMENT DURING THE ROMAN REPUBLIC: THE ROLE OF POLITICAL INSTITUTIONS IN EMERGENCIES. Cambridge: Cambridge University Press, 2013. Pp. xvii + 245. isbn9781107032859. £60.00/US$95.00.

Corruption was seen as a major factor in the collapse of Republican Rome, as Valentina Arena’s subsequent essay “Fighting Corruption: Political Thought and Practice in the Late Roman Republic” argues. It was in reaction to this perception of the Republic’s political fortunes that an array of legislative and institutional measures were established and continually reformed to become more effective. What this chapter shows is that, as in Greece, the public sphere was distinct from the private sphere and, importantly, it was within this distinction that the foundations of anticorruption measures lay. Moreover, it is difficult to defend the existence of a major disjuncture between moralistic discourses and legal-political institutions designed to patrol the public/private divide: both were part of the same discourse and strategy to curb corruption and improve government.

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Comparative Political Economy

10.1093/oso/9780199579983.001.0001 ◽

2017 ◽

Cited By ~ 1

Author(s):

Georg Menz

Keyword(s):

Political Economy ◽

Political Institutions ◽

International Political Economy ◽

Adam Smith ◽

Industrial Relations ◽

Welfare States ◽

Comparative Political Economy ◽

Technological Parameters ◽

Private Debt

This new and comprehensive volume invites the reader on a tour of the exciting subfield of comparative political economy. The book provides an in-depth account of the theoretical debates surrounding different models of capitalism. Tracing the origins of the field back to Adam Smith and the French Physiocrats, the development of the study of models of political-economic governance is laid out and reviewed. Comparative Political Economy (CPE) sets itself apart from International Political Economy (IPE), focusing on domestic economic and political institutions that compose in combination diverse models of political economy. Drawing on evidence from the US, the UK, France, Germany, Sweden, and Japan, the volume affords detailed coverage of the systems of industrial relations, finance, welfare states, and the economic role of the state. There is also a chapter that charts the politics of public and private debt. Much of the focus in CPE has rested on ideas, interests, and institutions, but the subfield ought to take the role of culture more seriously. This book offers suggestions for doing so. It is intended as an introduction to the field for postgraduate students, yet it also offers new insights and fresh inspiration for established scholars. The Varieties of Capitalism approach seems to have reached an impasse, but it could be rejuvenated by exploring the composite elements of different models and what makes them hang together. Rapidly changing technological parameters, new and more recent environmental challenges, demographic change, and immigration will all affect the governance of the various political economy models throughout the OECD. The final section of the book analyses how these impending challenges will reconfigure and threaten to destabilize established national systems of capitalism.

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Political Institutions and Coups in Dictatorships

Comparative Political Studies ◽

10.1177/0010414021997161 ◽

2021 ◽

pp. 001041402199716

Author(s):

Nam Kyu Kim ◽

Jun Koga Sudduth

Keyword(s):

Empirical Analysis ◽

Political Institutions ◽

Empirical Support ◽

Democratic Institutions ◽

The Creation

Does the creation of nominally democratic institutions help dictators stay in power by diminishing the risk of coups? We posit that the effectiveness of political institutions in deterring coups crucially depends on the types of plotters and their political goals. By providing a means to address the ruling coalition’s primary concerns about a dictator’s opportunism or incompetence, institutions reduce the necessity of reshuffling coups, in which the ruling coalition replaces an incumbent leader but keeps the regime intact. However, such institutions do not diminish the risk of regime-changing coups, because the plotters’ goals of overthrowing the entire regime and changing the group of ruling coalition are not achievable via activities within the institutions. Our empirical analysis provides strong empirical support for our expectations. Our findings highlight that the role of “democratic” institutions in deterring coups is rather limited as it only applies to less than 38% of coup attempts.

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French Firms and COVID-19: Do the Debt Status, Crisis Management System, and Monetary Policy Play a Role?

Jahrbücher für Nationalökonomie und Statistik ◽

10.1515/jbnst-2020-0052 ◽

2021 ◽

Vol 0 (0) ◽

Author(s):

Mina Sami

Keyword(s):

Monetary Policy ◽

Stock Returns ◽

Crisis Management ◽

Management System ◽

Daily Growth ◽

Listed Firms ◽

Study Results ◽

Major Outbreak

Abstract This study has two main objectives: first, it assesses the effect of outbreak pandemic diseases on the French firms’ stock returns by considering the sector of activity as the main center of analysis. Second, it investigates the role of the crisis management system, firm debt strategy, and monetary policy in dealing with the adverse shocks of the major outbreak of the COVID-19. The study results can be summarized as follows: (1) the daily growth in COVID-19 cases and deaths are associated with lower stock returns of the listed firms, especially for the firms operating in the energy, industrial and health care sectors. In contrast, telecommunication and consumer sectors are not significantly affected. (2) The pandemic’s adverse effect is much more tolerant with the French firms with an efficient crisis management system and low long-term debt commitments than the firms that do not have such a system and engaged with long term debts. (3) Euribor rates and monetary policy are still playing an essential role during the pandemic period.

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