The Political Economy of Bank Regulation in Developing Countries

Why do governments in some developing countries implement international standards, while others do not? Focusing on the politics of bank regulation, this book develops a new framework to explain regulatory interdependence between countries in the core and the periphery of the global financial system...

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Формат: Online
Мова:Англійська
Опубліковано: Oxford University Press 2021
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Онлайн доступ:OCN: 1155495477
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collection Directory of Open Access Books
description Why do governments in some developing countries implement international standards, while others do not? Focusing on the politics of bank regulation, 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 how financial globalization generates strong reputational and competitive incentives for developing countries to converge on international standards. Regulatory interdependence is generated by relations between regulators, politicians, and banks within developing countries, and international actors including investors, peer regulators, and international financial institutions. We explain why it is that some configurations of domestic politics and forms of integration into global finance generate convergence with international standards, while other configurations lead to divergence. This book contributes to our understanding of the ways in which governments and firms in the core of global finance powerfully shape regulatory politics in the periphery, and the ways in which peripheral governments and firms manoeuvre within the constraints and opportunities created by financial globalization
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language eng
publishDate 2021
publishDateRange 2021
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publisher Oxford University Press
publisherStr Oxford University Press
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spelling doab-20.500.12854ir-354882025-03-12T02:02:41Z The Political Economy of Bank Regulation in Developing Countries Jones, Emily Africa Asia Latin America financial globalization regulatory interdependence international banking standards Basel I Basel II Basel III transnational policy networks thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPA Political science and theory thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPB Comparative politics thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTP Development studies thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies Why do governments in some developing countries implement international standards, while others do not? Focusing on the politics of bank regulation, 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 how financial globalization generates strong reputational and competitive incentives for developing countries to converge on international standards. Regulatory interdependence is generated by relations between regulators, politicians, and banks within developing countries, and international actors including investors, peer regulators, and international financial institutions. We explain why it is that some configurations of domestic politics and forms of integration into global finance generate convergence with international standards, while other configurations lead to divergence. This book contributes to our understanding of the ways in which governments and firms in the core of global finance powerfully shape regulatory politics in the periphery, and the ways in which peripheral governments and firms manoeuvre within the constraints and opportunities created by financial globalization 2021-02-10T14:26:56Z 2021-02-10T14:26:56Z 2020-06-23T14:28:15Z 2020 book OCN: 1155495477 https://library.oapen.org/handle/20.500.12657/39875 https://directory.doabooks.org/handle/20.500.12854/35488 eng open access image/jpeg image/jpeg image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/39875/1/9780198841999.pdf https://library.oapen.org/bitstream/20.500.12657/39875/1/9780198841999.pdf https://library.oapen.org/bitstream/20.500.12657/39875/1/9780198841999.pdf Oxford University Press 10.1093/oso/9780198841999.001.0001 10.1093/oso/9780198841999.001.0001 db4e319f-ca9f-449a-bcf2-37d7c6f885b1 416 Oxford open access
spellingShingle Africa
Asia
Latin America
financial globalization
regulatory interdependence
international banking standards
Basel I
Basel II
Basel III
transnational policy networks
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPA Political science and theory
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPB Comparative politics
thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTP Development studies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
The Political Economy of Bank Regulation in Developing Countries
title The Political Economy of Bank Regulation in Developing Countries
title_full The Political Economy of Bank Regulation in Developing Countries
title_fullStr The Political Economy of Bank Regulation in Developing Countries
title_full_unstemmed The Political Economy of Bank Regulation in Developing Countries
title_short The Political Economy of Bank Regulation in Developing Countries
title_sort political economy of bank regulation in developing countries
topic Africa
Asia
Latin America
financial globalization
regulatory interdependence
international banking standards
Basel I
Basel II
Basel III
transnational policy networks
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPA Political science and theory
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPB Comparative politics
thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTP Development studies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
topic_facet Africa
Asia
Latin America
financial globalization
regulatory interdependence
international banking standards
Basel I
Basel II
Basel III
transnational policy networks
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPA Political science and theory
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPB Comparative politics
thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTP Development studies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
url OCN: 1155495477