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There is also concern that Mr. Chavez, a former paratrooper who led a failed coup in 1992, is distorting the democratic free-market model advocated in Washington by consolidating institutions under his control and setting himself up as an elected dictator.
First, voluntary holding of excess cash can be reduced by: (i) helping banks to track their positions at the central bank to prevent them from keeping reserves above statutory limits; (ii) consolidating institutions that are favorable to interbank lending; and (iii) improving infrastructure to prevent remote bank branches from holding excess reserves essentially due to transportation problems.
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The Mandela government (1994 1999) likewise looked elsewhere, concentrating on consolidating democratic institutions and nation building.
Campaigning before the elections, Rachid Ghannouchi, the leader of Ennahda, said Tunisia needed a broad, multiparty government of national unity as it continues to consolidate democratic institutions.
"Mexicans should be proud of the extraordinary steps they have taken during the last six years to strengthen and consolidate democratic institutions and set Mexico on a course of economic growth and prosperity," Mr. Clinton said in a statement released by the White House.
It remains to all of you to establish order and to consolidate your institutions".
While these countries have gradually overcome the political uncertainty and consolidated their institutions, the political situation of central/southern Iraq a decade after the US-led invasion has remained insecure and fragmented.
This self-reinforcing destabilisation is largely the product of ad hoc crisis management strategies, which have barely begun to address the challenge of consolidating the European institutions.
With 9,000 students and close links with employers, it has been reorganised by a vice-chancellor who has got rid of 160 staff, replaced her senior management team, consolidated the institution onto two campuses instead of three and erected a swish £30m building for students that bristles with music and video production studios.
Trade was one of these cooperative institutions for consolidating larger-scale groups; warfare was the other.
Four peaceful presidential elections have gone a long way to legitimising its institutions and consolidating its international reputation: today Brazil is seen as an electoral democracy that works.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com