The Political Economy Of Bank Regulation In Developing Countries

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The Political Economy of Bank Regulation in Developing Countries

Emily Jones
The Political Economy of Bank Regulation in Developing Countries Book PDF

Author : Emily Jones
Publisher : Oxford University Press
Page : 405 pages
File Size : 40,7 Mb
Release : 2020
Category : Political Science
ISBN : 9780198841999

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The Political Economy of Bank Regulation in Developing Countries by Emily Jones Pdf

This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations.International banking standards are intended for the regulation of large, complex, risk-taking international banks with trillions of dollars in assets and operations across the globe. Yet they are being implemented in countries with nascent financial markets and small banks that have yet to ventureinto international markets. Why is this? This book develops a new framework to explain regulatory interdependence between countries in the core and the periphery of the global financial system. Drawing on in-depth analysis of eleven countries across Africa, Asia, and Latin America, it shows howfinancial globalisation generates strong reputational and competitive incentives for developing countries to converge on international standards. It explains how specific cross-border relations between regulators, politicians, and banks within developing countries, and international actors includinginvestors, peer regulators, and international financial institutions, generate regulatory interdependence. It explains why some configurations of domestic politics and forms of integration into global finance generate convergence with international standards, while other configurations lead todivergence. This book contributes to our understanding of the ways in which governments and firms in the core of global finance powerfully shape regulatory decisions in the periphery, and the ways that governments and firms from peripheral developing countries manoeuvre within the constraints andopportunities created by financial globalisation.

The Political Economy of Bank Regulation in Developing Countries

Emily Jones
The Political Economy of Bank Regulation in Developing Countries Book PDF

Author : Emily Jones
Publisher : Unknown
Page : 416 pages
File Size : 40,5 Mb
Release : 2020
Category : Banks and banking
ISBN : 0191878049

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The Political Economy of Bank Regulation in Developing Countries by Emily Jones Pdf

Drawing on in-depth analysis of 11 countries across Africa, Asia ,and Latin America, this work shows how financial globalisation is changing politics of regulation in developing countries.

Banking, Monetary Policy and the Political Economy of Financial Regulation

Gerald A. Epstein,Tom Sclesinger,Matias Vernengo
Banking Monetary Policy and the Political Economy of Financial Regulation Book PDF

Author : Gerald A. Epstein,Tom Sclesinger,Matias Vernengo
Publisher : Edward Elgar Publishing
Page : 392 pages
File Size : 54,5 Mb
Release : 2014-07-31
Category : Banks and banking
ISBN : 9781783472642

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Banking, Monetary Policy and the Political Economy of Financial Regulation by Gerald A. Epstein,Tom Sclesinger,Matias Vernengo Pdf

The many forces that led to the economic crisis of 2008 were in fact identified, analyzed and warned against for many years before the crisis by economist Jane D�Arista, among others. Now, writing in the tradition of D�Arista's extensive work, the

The Politics of Finance in Developing Countries

Stephan Haggard,Sylvia Maxfield,Chung H. Lee
The Politics of Finance in Developing Countries Book PDF

Author : Stephan Haggard,Sylvia Maxfield,Chung H. Lee
Publisher : Cornell University Press
Page : 351 pages
File Size : 44,7 Mb
Release : 2019-05-15
Category : Political Science
ISBN : 9781501744495

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The Politics of Finance in Developing Countries by Stephan Haggard,Sylvia Maxfield,Chung H. Lee Pdf

Ten original essays examine the political and institutional factors that influence the initiation and efficiency of preferential credit policies in Korea, Taiwan, Thailand, Indonesia, the Philippines, Chile, Mexico, and Brazil.

The Political Economy of Financial Regulation

Emilios Avgouleas,David C. Donald
The Political Economy of Financial Regulation Book PDF

Author : Emilios Avgouleas,David C. Donald
Publisher : Cambridge University Press
Page : 531 pages
File Size : 45,8 Mb
Release : 2019-01-31
Category : Business & Economics
ISBN : 9781108470360

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The Political Economy of Financial Regulation by Emilios Avgouleas,David C. Donald Pdf

Examines the law and policy of financial regulation using a combination of conceptual analysis and strong empirical research.

Cross-Conditionality Banking Regulation and Third-World Debt

Stephany Griffith-Jones,Ennio Rodriguez
Cross Conditionality Banking Regulation and Third World Debt Book PDF

Author : Stephany Griffith-Jones,Ennio Rodriguez
Publisher : Springer
Page : 347 pages
File Size : 48,6 Mb
Release : 2016-07-27
Category : Social Science
ISBN : 9781349124169

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Cross-Conditionality Banking Regulation and Third-World Debt by Stephany Griffith-Jones,Ennio Rodriguez Pdf

The book examines the operation of International Monetary Fund and World Bank conditionality in six developing countries (Argentina, Chile, Costa Rica, Jamaica, Mexico and Tanzania) and examines its effects on their economies. It draws conclusions and policy lessons for all developing countries as regards the operation of adjustment policies. The book also examines the regulatory treatment of Third World debt, both in the US, Canada and Europe, making specific policy suggestions for increasing flexibility in debt management.

Gatekeepers of Growth

Sylvia Maxfield
Gatekeepers of Growth Book PDF

Author : Sylvia Maxfield
Publisher : Princeton University Press
Page : 192 pages
File Size : 45,8 Mb
Release : 1998-07-13
Category : Business & Economics
ISBN : 9781400822287

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Gatekeepers of Growth by Sylvia Maxfield Pdf

Central banks can shape economic growth, affect income distribution, influence a country's foreign relations, and determine the extent of its democracy. While there is considerable literature on the political economy of central banking in OECD countries, this is the first book-length study focused on central banking in emerging market countries. Surveying the dramatic worldwide trend toward increased central bank independence in the 1990s, the book argues that global forces must be at work. These forces, the book contends, center on the character of international financial intermediation. Going beyond an explanation of central bank independence, Sylvia Maxfield posits a general framework for analyzing the impact of different types of international capital flows on the politics of economic policymaking in developing countries. The book suggests that central bank independence in emerging market countries does not spring from law but rather from politics. As long as politicians value them, central banks will enjoy independence. Central banks are most likely to be independent in developing countries when politicians desire international creditworthiness. Historical analyses of central banks in Brazil, Mexico, South Korea, and Thailand, and quantitative analyses of a larger sample of developing countries corroborate this investor signaling explanation of broad trends in central bank status.

Global Governance and Regulatory Failure

R. Goldbach
Global Governance and Regulatory Failure Book PDF

Author : R. Goldbach
Publisher : Springer
Page : 271 pages
File Size : 47,5 Mb
Release : 2015-06-29
Category : Political Science
ISBN : 9781137500038

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Global Governance and Regulatory Failure by R. Goldbach Pdf

The author provides a theoretical framework of the global political economy of banking regulation and analyses the policies and politics of the Basel Committee on Banking Supervision. He demonstrates how global governance has contributed to the onset of the Great Recession and continues to increase the likelihood of future global financial crises.

Exchange Rate Crises in Developing Countries

Michael G. Hall
Exchange Rate Crises in Developing Countries Book PDF

Author : Michael G. Hall
Publisher : Routledge
Page : 226 pages
File Size : 45,9 Mb
Release : 2018-01-18
Category : Political Science
ISBN : 9781351158435

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Exchange Rate Crises in Developing Countries by Michael G. Hall Pdf

According to many economists, the increasing mobility of capital across borders has made it more costly to peg exchange rates. This phenomenon has contributed to some of the more famous examples of exchange rate crises in recent times, such as the Mexican peso crisis in 1994 and the Asian financial crisis in 1997. Yet despite the increasing costs of pegging in today's accelerated financial markets, some developing countries try to maintain a peg for as long as they can. This work is the first to theorize the role of bankers as a domestic interest group involved in exchange rate policy. It adds to our understanding of how interest groups affect economic policy in developing countries and explains why some of the largest and fastest growing economies in the developing world were the most prone to crisis. The volume also refines our understanding of the 'hollowing-out thesis', the argument that increasing capital mobility is forcing states to abandon pegging.

The Political Economy of European Banking Union

David Howarth,Lucia Quaglia
The Political Economy of European Banking Union Book PDF

Author : David Howarth,Lucia Quaglia
Publisher : Oxford University Press
Page : 256 pages
File Size : 47,7 Mb
Release : 2016-09-15
Category : Business & Economics
ISBN : 9780191043802

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The Political Economy of European Banking Union by David Howarth,Lucia Quaglia Pdf

The establishment of Banking Union represents a major development in European economic governance and European integration history more generally. Banking Union is also significant because not all European Union (EU) member states have joined, which has increased the trend towards differentiated integration in the EU, posing a major challenge to the EU as a whole and to the opt-out countries. This book is informed by two main empirical questions. Why was Banking Union - presented by proponents as a crucial move to 'complete' Economic and Monetary Union (EMU) - proposed only in 2012, over twenty years after the adoption of the Maastricht Treaty? Why has a certain design for Banking Union been agreed and some elements of this design prioritized over others? A two-step explanation is articulated in this study. First, it explains why euro area member state governments moved to consider Banking Union by building on the concept of the 'financial trilemma', and examining the implications of the single currency for euro area member state banking systems. Second, it explains the design of Banking Union by examining the preferences of member state governments on the core components of Banking Union and developing a comparative political economy analysis focused on the configuration of national banking systems and varying national concern for the moral hazard facing banks and sovereigns created by euro level support mechanisms.

State and Financial Systems in Europe and the USA

Jaime Reis
State and Financial Systems in Europe and the USA Book PDF

Author : Jaime Reis
Publisher : Routledge
Page : 266 pages
File Size : 40,8 Mb
Release : 2016-04-01
Category : History
ISBN : 9781317050520

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State and Financial Systems in Europe and the USA by Jaime Reis Pdf

During the twentieth century the financial sector became possibly the most regulated area of the economy in many advanced and developing countries. The interwar years represented the defining moment for the escalation of governments' intervention, turning the State into the core of financial systems in its capacity of regulator, supervisor or owner. The essays in this collection shed light on different aspects of the experience of financial regulation, ownership and deregulation in Europe and the USA from a secular historical perspective. The volume's chapters explore how the political economy of finance changed in the nineteenth and twentieth centuries and how such changes were related to shifting attitudes towards globalization. They also investigate how regulation responded to governance problems of financial intermediaries and markets, and how different legal frameworks and institutional architectures influenced such response. The collection engages with a set of issues as diverse as they are interrelated across countries and over time: the regulatory attitude of British authorities toward the banking system and the stock exchange market in the nineteenth and twentieth centuries; the comparative evolution of bankruptcy laws and procedures; the link between state, regulation and governance in the evolution of the US and French financial systems; the emergence of banking regulation and supervision by central banks; the regulation and supervision of international financial markets since the 1950s; and the connection between deregulation and banking crises at the end of the past century. Taken as a whole, the chapters offer an intriguing insight into the differing ways western countries approached and responded to the challenges of the international financial system, and the legacy of this on the modern world. In so doing the volume holds up to historical scrutiny the debate as to whether overt state regulation of financial markets always has a negative affect on economic growth, or whether it can be an essential tool for developing nations in their efforts to expand their economies.

The Political Economy of Central Banking in Emerging Economies

Mustafa Yağcı
The Political Economy of Central Banking in Emerging Economies Book PDF

Author : Mustafa Yağcı
Publisher : Routledge
Page : 222 pages
File Size : 42,7 Mb
Release : 2020-09-03
Category : Business & Economics
ISBN : 9781000164770

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The Political Economy of Central Banking in Emerging Economies by Mustafa Yağcı Pdf

Since the start of the Global Financial Crisis in 2008, research on central banking has gained momentum due to unusual levels of central bank activism and unconventional monetary policy measures in many countries. While these policies drew significant attention to advanced economy central banks, there has been much less academic focus on central banking in emerging economies. This book extends the research on the political economy of central banking by focusing on the emerging economies in Asia, Africa, Latin America, and the European periphery. Central banks are at the heart of economic policymaking, and their decisions have a significant impact on the social and economic well-being of citizens. Adopting an interdisciplinary political economy perspective, the contributions in this book explore the reciprocal relations between politics, economics, and central banks, and how the global and domestic political economy contexts influence central bank practices. The chapters employ diverse theoretical perspectives such as institutional and organizational theory, developmental state resource dependency, and gender studies, drawing on disciplines ranging from politics, international relations, public policy, management, finance, and sociology. This book will appeal to academics and students of central banking, political economy, and emerging economies, as well as professionals and policymakers engaged with central banks, monetary policy, and economic development.

Regional Development Banks in Comparison

Ruth Ben-Artzi
Regional Development Banks in Comparison Book PDF

Author : Ruth Ben-Artzi
Publisher : Cambridge University Press
Page : 295 pages
File Size : 51,7 Mb
Release : 2016-09-08
Category : Law
ISBN : 9781107163430

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Regional Development Banks in Comparison by Ruth Ben-Artzi Pdf

In a study contributing to international relations and international political economy theory, the author raises substantive issues relating to aid, development, international relations and globalization. Focusing on the dichotomy between their banking and development roles, we learn that regional development banks are potentially critical catalysts in the fight against poverty, even with their institutional limitations.

The Economics of Financial Cooperatives

Amr Khafagy
The Economics of Financial Cooperatives Book PDF

Author : Amr Khafagy
Publisher : Routledge
Page : 180 pages
File Size : 55,6 Mb
Release : 2019-09-11
Category : Business & Economics
ISBN : 9781000702811

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The Economics of Financial Cooperatives by Amr Khafagy Pdf

Building on theories of finance and distribution, and the political economy of finance, this book explains the influence of financial cooperatives on wealth and income distribution, and institutional factors that determine the development of financial cooperatives. The book discusses the dynamics of income and wealth distribution with and without financial cooperatives, and defines the economic objective for financial cooperatives. Through explaining the influence of political institutions and regulations on the development of financial cooperatives, this book examines why financial cooperatives grew in some emerging economies and not in other similar ones. The book is of interest to scholars interested in financial economics, political economy of finance, alternative banking and development finance, and banking regulation. The book also gives valuable output to central bankers and financial and monetary policy makers in underdeveloped economies. In addition, it will be of particular interest to practitioners in international development institutions, especially those engaged in development finance and rural finance.

International Harmonization of Financial Regulation?

Hyoung-kyu Chey
International Harmonization of Financial Regulation Book PDF

Author : Hyoung-kyu Chey
Publisher : Routledge
Page : 275 pages
File Size : 45,7 Mb
Release : 2014-01-02
Category : Business & Economics
ISBN : 9781134500949

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International Harmonization of Financial Regulation? by Hyoung-kyu Chey Pdf

It is often argued that international financial regulation has been substantially strengthened over the past decades through the international harmonization of financial regulation. There are, however, still frequent outbreaks of painful financial crises, including the recent 2008 global financial crisis. This raises doubts about the conventional claims of the strengthening of international financial regulation. This book provides an in-depth political economy study of the adoptions in Japan, Korea and Taiwan of the 1988 Basel Capital Accord, the now so-called Basel I, which has been at the center of international banking regulation over the past three decades, highlighting the domestic politics surrounding it. The book illustrates that, despite banks’ formal compliance with the Accord in these countries, their compliance was often cosmetic due to extensive regulatory forbearance that allowed their real capital soundness to weaken. Domestic politics thus ultimately determined national implementations of the Accord. This book provides its novel innovative study of the Accord through scores of interviews with bank regulators and analysis of various primary documents. It suggests that the actual effectiveness of international financial regulation relies ultimately on the domestic politics surrounding it. It implies as well that the past trend of international harmonization of financial regulation may be illusory, to at least some extent, in terms of its actual effectiveness. This book may interest not only political economists but also scholars working on the intersection of law, economics and institutions.