If I had to guess your definition of what counts as an institution is much narrower and fairly specific to banking and international finance. When I say instit

If I had to guess your definition of what counts as an institution is much narrower and fairly specific to banking and international finance. When I say institutions I mean the political institutions that support and enforce the norms liberal democracy which make the key difference between say Russia and Egypt vs the US or France as models of democracy, specifically in these cases of presidential democracies.