Beyond Legal Origin And Checks And Balances

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Beyond Legal Origin and Checks and Balances

Philip Keefer
Beyond Legal Origin and Checks and Balances Book PDF

Author : Philip Keefer
Publisher : World Bank Publications
Page : 39 pages
File Size : 47,7 Mb
Release : 2007
Category : Bank Balance Sheets
ISBN : 9787022714047

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Beyond Legal Origin and Checks and Balances by Philip Keefer Pdf

The existing literature emphasizes and contrasts the role of political checks and balances and legal origin in determining the pace of financial sector development. This paper expands substantially on one aspect of this debate: the fact that government actions that promote financial sector development, whether prudent financial regulation or secure property and contract rights, are public goods and sensitive to political incentives to provide public goods. Tests of hypotheses emanating from this argument yield four new conclusions. First, two key determinants of those incentives-the credibility of pre-electoral political promises and citizen information about politician decisions-systematically promote financial sector development. Second, these political factors, along with political checks and balances, operate in part through their influence on the security of property rights, an argument asserted but not previously tested. Third, contrary to findings elsewhere in the literature, the political determinants of financial sector development are significant even in the presence of controls for legal origin. Finally, and again in contrast to the literature, the evidence here suggests that legal origin primarily proxies for political phenomena. Legal origin is a largely insignificant determinant of financial sector development when those phenomena are fully taken into account.

Beyond Legal Origin and Checks and Balances

Philip Keefer
Beyond Legal Origin and Checks and Balances Book PDF

Author : Philip Keefer
Publisher : Unknown
Page : 128 pages
File Size : 49,9 Mb
Release : 2012
Category : Electronic
ISBN : OCLC:931669633

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Beyond Legal Origin and Checks and Balances by Philip Keefer Pdf

The existing literature emphasizes and contrasts the role of political checks and balances and legal origin in determining the pace of financial sector development. This paper expands substantially on one aspect of this debate: the fact that government actions that promote financial sector development, whether prudent financial regulation or secure property and contract rights, are public goods and sensitive to political incentives to provide public goods. Tests of hypotheses emanating from this argument yield four new conclusions. First, two key determinants of those incentives-the credibility of pre-electoral political promises and citizen information about politician decisions-systematically promote financial sector development. Second, these political factors, along with political checks and balances, operate in part through their influence on the security of property rights, an argument asserted but not previously tested. Third, contrary to findings elsewhere in the literature, the political determinants of financial sector development are significant even in the presence of controls for legal origin. Finally, and again in contrast to the literature, the evidence here suggests that legal origin primarily proxies for political phenomena. Legal origin is a largely insignificant determinant of financial sector development when those phenomena are fully taken into account.

Political Institutions and Financial Development

Stephen H. Haber,Douglass Cecil North,Barry R. Weingast
Political Institutions and Financial Development Book PDF

Author : Stephen H. Haber,Douglass Cecil North,Barry R. Weingast
Publisher : Stanford University Press
Page : 330 pages
File Size : 44,7 Mb
Release : 2008
Category : Business & Economics
ISBN : 0804756929

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Political Institutions and Financial Development by Stephen H. Haber,Douglass Cecil North,Barry R. Weingast Pdf

The essays in this volume employ the insights and techniques of political science, economics and history to provide a fresh answer to this question.

Natural Experiments of History

Jared Diamond,James A. Robinson
Natural Experiments of History Book PDF

Author : Jared Diamond,James A. Robinson
Publisher : Harvard University Press
Page : 290 pages
File Size : 45,5 Mb
Release : 2012-10-01
Category : History
ISBN : 9780674076723

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Natural Experiments of History by Jared Diamond,James A. Robinson Pdf

Some central questions in the natural and social sciences can't be answered by controlled laboratory experiments, often considered to be the hallmark of the scientific method. This impossibility holds for any science concerned with the past. In addition, many manipulative experiments, while possible, would be considered immoral or illegal. One has to devise other methods of observing, describing, and explaining the world. In the historical disciplines, a fruitful approach has been to use natural experiments or the comparative method. This book consists of eight comparative studies drawn from history, archeology, economics, economic history, geography, and political science. The studies cover a spectrum of approaches, ranging from a non-quantitative narrative style in the early chapters to quantitative statistical analyses in the later chapters. The studies range from a simple two-way comparison of Haiti and the Dominican Republic, which share the island of Hispaniola, to comparisons of 81 Pacific islands and 233 areas of India. The societies discussed are contemporary ones, literate societies of recent centuries, and non-literate past societies. Geographically, they include the United States, Mexico, Brazil, western Europe, tropical Africa, India, Siberia, Australia, New Zealand, and other Pacific islands. In an Afterword, the editors discuss how to cope with methodological problems common to these and other natural experiments of history.

Democracy, Electoral Systems, and Judicial Empowerment in Developing Countries

Vineeta Yadav,Bumba Mukherjee
Democracy Electoral Systems and Judicial Empowerment in Developing Countries Book PDF

Author : Vineeta Yadav,Bumba Mukherjee
Publisher : University of Michigan Press
Page : 373 pages
File Size : 49,6 Mb
Release : 2014-03-20
Category : Political Science
ISBN : 9780472119080

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Democracy, Electoral Systems, and Judicial Empowerment in Developing Countries by Vineeta Yadav,Bumba Mukherjee Pdf

An independent judiciary is considered an indication of a developing nation’s level of democracy

Mother, Can I Trust the Government? Sustained Financial Deepening

Ms.Genevieve Verdier,Mr.Marc Quintyn
Mother Can I Trust the Government Sustained Financial Deepening Book PDF

Author : Ms.Genevieve Verdier,Mr.Marc Quintyn
Publisher : International Monetary Fund
Page : 44 pages
File Size : 55,5 Mb
Release : 2010-09-01
Category : Business & Economics
ISBN : 9781455205417

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Mother, Can I Trust the Government? Sustained Financial Deepening by Ms.Genevieve Verdier,Mr.Marc Quintyn Pdf

Only a minority of countries have succeeded in establishing a developed financial system, despite widespread financial liberalization. Confronted with this finding, the political institutions view claims that sustained financial deepening is most likely to take place in institutional environments where governments effectively impose constraints on their own powers in order to create trust. This paper identifies over 200 post-1960 episodes of accelerations in financial development in a large cross-section of countries. We find that the likelihood of an acceleration leading to sustained financial development increases greatly in environments that have high-quality political institutions.

Global Stock Market Development

Marcin Kalinowski
Global Stock Market Development Book PDF

Author : Marcin Kalinowski
Publisher : Routledge
Page : 190 pages
File Size : 47,9 Mb
Release : 2021-09-26
Category : Business & Economics
ISBN : 9781000457292

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Global Stock Market Development by Marcin Kalinowski Pdf

In the current era of globalised financial markets, the stock market cannot be assessed solely by comparing quantitative features such as the number of listed companies or capitalisation on the stock exchange. This is of secondary importance from an investor's point of view. What is important, however, is how a given stock market behaves towards the environment – whether it is ‘hyperactive’ or ‘excessively lethargic’ in response to information. This book provides an innovative tool for assessing global stock markets. It describes the complex concept of ‘stock market development’ in light of classical and behavioural finance theories and considers both quantitative (the number of listed companies, turnover, etc.) and behavioural aspects (price volatility, the behaviour of fundamental indicators of listed companies). Based on an innovative method for assessing development, the author analyses 130 stock markets, indicating those that are more developed in terms of quantity and behaviour. Ultimately, this enables the assessment of which markets are more or less developed and why. This knowledge, used properly, offers an advantage over other financial market participants, and allows for the comprehensive assessment of individual stock markets, which can support the process of making good investment decisions. The book is an invaluable resource for research fellows and students in economics, particularly the field of finance. It is also addressed to business and stock market practitioners, such as financial market analysts, brokers and investment advisers.

Fragile by Design

Charles W. Calomiris,Stephen H. Haber
Fragile by Design Book PDF

Author : Charles W. Calomiris,Stephen H. Haber
Publisher : Princeton University Press
Page : 584 pages
File Size : 41,8 Mb
Release : 2015-08-04
Category : Business & Economics
ISBN : 9780691168357

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Fragile by Design by Charles W. Calomiris,Stephen H. Haber Pdf

Why stable banking systems are so rare Why are banking systems unstable in so many countries—but not in others? The United States has had twelve systemic banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents. Calomiris and Haber combine political history and economics to examine how coalitions of politicians, bankers, and other interest groups form, why they endure, and how they generate policies that determine who gets to be a banker, who has access to credit, and who pays for bank bailouts and rescues. Fragile by Design is a revealing exploration of the ways that politics inevitably intrudes into bank regulation.

Financial Markets and Institutions

Jakob de Haan,Sander Oosterloo,Dirk Schoenmaker
Financial Markets and Institutions Book PDF

Author : Jakob de Haan,Sander Oosterloo,Dirk Schoenmaker
Publisher : Cambridge University Press
Page : 497 pages
File Size : 55,8 Mb
Release : 2012-06-28
Category : Business & Economics
ISBN : 9781107025943

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Financial Markets and Institutions by Jakob de Haan,Sander Oosterloo,Dirk Schoenmaker Pdf

Second edition of a successful textbook that provides an insightful analysis of the world financial system.

Routledge Handbook of Comparative Political Institutions

Jennifer Gandhi,Rubén Ruiz-Rufino
Routledge Handbook of Comparative Political Institutions Book PDF

Author : Jennifer Gandhi,Rubén Ruiz-Rufino
Publisher : Routledge
Page : 527 pages
File Size : 51,9 Mb
Release : 2015-04-10
Category : Political Science
ISBN : 9781317551782

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Routledge Handbook of Comparative Political Institutions by Jennifer Gandhi,Rubén Ruiz-Rufino Pdf

The Routledge Handbook of Comparative Political Institutions (HCPI) is designed to serve as a comprehensive reference guide to our accumulated knowledge and the cutting edge of scholarship about political institutions in the comparative context. It differs from existing handbooks in that it focuses squarely on institutions but also discusses how they intersect with the study of mass behaviour and explain important outcomes, drawing on the perspective of comparative politics. The Handbook is organized into three sections: The first section, consisting of six chapters, is organized around broad theoretical and empirical challenges affecting the study of institutions. It highlights the major issues that emerge among scholars defining, measuring, and analyzing institutions. The second section includes fifteen chapters, each of which handles a different substantive institution of importance in comparative politics. This section covers traditional topics, such as electoral rules and federalism, as well as less conventional but equally important areas, including authoritarian institutions, labor market institutions, and the military. Each chapter not only provides a summary of our current state of knowledge on the topic, but also advances claims that emphasise the research frontier on the topic and that should encourage greater investigation. The final section, encompassing seven chapters, examines the relationship between institutions and a variety of important outcomes, such as political violence, economic performance, and voting behavior. The idea is to consider what features of the political, sociological, and economic world we understand better because of the scholarly attention to institutions. Featuring contributions from leading researchers in the field from the US, UK, Europe and elsewhere, this Handbook will be of great interest to all students and scholars of political institutions, political behaviour and comparative politics. Jennifer Gandhi is Associate Professor, Department of Political Science, Emory University. Rubén Ruiz-Rufino is Lecturer in International Politics, Department of Political Economy, King’s College London.

European Financial Markets and Institutions

Jakob de Haan,Sander Oosterloo,Dirk Schoenmaker
European Financial Markets and Institutions Book PDF

Author : Jakob de Haan,Sander Oosterloo,Dirk Schoenmaker
Publisher : Cambridge University Press
Page : 439 pages
File Size : 44,5 Mb
Release : 2009-01-15
Category : Business & Economics
ISBN : 9780521882996

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European Financial Markets and Institutions by Jakob de Haan,Sander Oosterloo,Dirk Schoenmaker Pdf

Written for undergraduate and graduate students, this textbook provides a fresh analysis of the European financial system.

Global Finance and Development

David Hudson
Global Finance and Development Book PDF

Author : David Hudson
Publisher : Routledge
Page : 453 pages
File Size : 41,9 Mb
Release : 2014-11-27
Category : Social Science
ISBN : 9781134612789

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Global Finance and Development by David Hudson Pdf

The question of money, how to provide it, and how to acquire it where needed is axiomatic to development. The realities of global poverty and the inequalities between the ‘haves’ and the ‘have-nots’ are clear and well documented, and the gaps between world’s richest and the world’s poorest are ever-increasing. But, even though funding development is assumed to be key, the relationship between finance and development is contested and complex. This book explores the variety of relationships between finance and development, offering a broad and critical understanding of these connections and perspectives. It breaks finance down into its various aspects, with separate chapters on aid, debt, equity, microfinance and remittances. Throughout the text, finance is presented as a double-edged sword: while it is a vital tool towards poverty reduction, helping to fund development, more critical approaches remind us of the ways in which finance can hinder development. It contains a range of case studies throughout to illustrate finance in practice, including, UK aid to India, debt in Zambia, Apple’s investment in China, microfinance in Mexico, government bond issues in Chile, and financial crisis in East Asia. The text develops and explores a number of themes throughout, such as the relationship between public and private sources of finance and debates about direct funding versus the allocation of credit through commercial financial markets. The book also explores finance and development interactions at various levels, from the global structure of finance through to local and everyday practices. Global Finance and Development offers a critical understanding of the nature of finance and development. This book encourages the reader to see financial processes as embedded within the broader structure of social relationships. Finance is defined and demonstrated to be money and credit, but also, crucially, the social relationships and institutions that enable the creation and distribution of credit and the consequences thereof. This valuable text is essential reading for all those concerned with poverty, inequality and development.

From Social Data Mining and Analysis to Prediction and Community Detection

Mehmet Kaya,Özcan Erdoǧan,Jon Rokne
From Social Data Mining and Analysis to Prediction and Community Detection Book PDF

Author : Mehmet Kaya,Özcan Erdoǧan,Jon Rokne
Publisher : Springer
Page : 245 pages
File Size : 44,5 Mb
Release : 2017-03-21
Category : Computers
ISBN : 9783319513676

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From Social Data Mining and Analysis to Prediction and Community Detection by Mehmet Kaya,Özcan Erdoǧan,Jon Rokne Pdf

This book presents the state-of-the-art in various aspects of analysis and mining of online social networks. Within the broader context of online social networks, it focuses on important and upcoming topics of social network analysis and mining such as the latest in sentiment trends research and a variety of techniques for community detection and analysis. The book collects chapters that are expanded versions of the best papers presented at the IEEE/ACM International Conference on Advances in Social Networks Analysis and Mining (ASONAM’2015), which was held in Paris, France in August 2015. All papers have been peer reviewed and checked carefully for overlap with the literature. The book will appeal to students and researchers in social network analysis/mining and machine learning.

The Federalist Papers

Alexander Hamilton,John Jay,James Madison
The Federalist Papers Book PDF

Author : Alexander Hamilton,John Jay,James Madison
Publisher : Read Books Ltd
Page : 455 pages
File Size : 48,6 Mb
Release : 2018-08-20
Category : History
ISBN : 9781528785877

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The Federalist Papers by Alexander Hamilton,John Jay,James Madison Pdf

Classic Books Library presents this brand new edition of “The Federalist Papers”, a collection of separate essays and articles compiled in 1788 by Alexander Hamilton. Following the United States Declaration of Independence in 1776, the governing doctrines and policies of the States lacked cohesion. “The Federalist”, as it was previously known, was constructed by American statesman Alexander Hamilton, and was intended to catalyse the ratification of the United States Constitution. Hamilton recruited fellow statesmen James Madison Jr., and John Jay to write papers for the compendium, and the three are known as some of the Founding Fathers of the United States. Alexander Hamilton (c. 1755–1804) was an American lawyer, journalist and highly influential government official. He also served as a Senior Officer in the Army between 1799-1800 and founded the Federalist Party, the system that governed the nation’s finances. His contributions to the Constitution and leadership made a significant and lasting impact on the early development of the nation of the United States.

The World Bank Research Program 2004

World Bank
The World Bank Research Program 2004 Book PDF

Author : World Bank
Publisher : World Bank Publications
Page : 204 pages
File Size : 55,9 Mb
Release : 2005
Category : Business
ISBN : 082136457X

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The World Bank Research Program 2004 by World Bank Pdf

The World Bank's research is intended to address critical issues and problems facing member governments in developing and transition economies. How can the governments of the poorest countries generate enough revenue to provide the education and health services essential to reducing poverty and promoting growth and development? How can poor countries attract investors to build the infrastructure their economies need? How can they develop systems to bring clean water to the 2 billion people without it today? How can they train teachers and bring to class the 115 million children who have not yet received any education? And how can rich countries be persuaded to lower market barriers, helping to reverse the decline in export prices for poor countries that has left them earning less from trade today than in the 1970s? These are the types of questions that are addressed in this edition of 'The World Bank Research Program: Abstracts from Current Studies'. This volume reports on research projects initiated, under way, or completed from July 2003 through June 2004. It covers 151 research projects on several broad development related issues, including agriculture, health, education, environment, infrastructure, investment climate, and more. The abstract for each project describes the questions addressed, the analytic methods used, the findings to date, and policy implications.