Endogenous Central Bank Reform in Autocracies

• In Event: Monetary Sovereignty in an Age of Rising Authoritarianism: Has Democracy Moved to the Central Banks?

Brief Overview

This paper proposes a theory and evidence of endogenous institutional change, in which the choice of institutions and policy are the consequences of the domestic political equilibrium, with the special focus on the central bank reform in autocracies.

Author

• Syamsul Bahri, University of Michigan