Financial liberalization and reversals: political and economic determinants
Fabrizio Coricelli
- Fonction : Auteur
- PersonId : 743092
- IdHAL : fabrizio-coricelli
- ORCID : 0000-0001-8508-3252
- IdRef : 032092946
Nauro Campos
- Fonction : Auteur
Résumé
What accounts for the dynamics of financial reforms? This paper identifies the political regime as one of the main factors. Focusing on democratization and financial reform, it puts forward novel evidence for a U-shaped relation, across countries and over time, for different reform measures and a wide range of estimators. Partial democracy is a main obstacle to financial reforms and democratization, when incomplete, may lead to severe financial reform reversals.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Financial liberalization and reversals: political and economic determinants
|
Résumé |
en
What accounts for the dynamics of financial reforms? This paper identifies the political regime as one of the main factors. Focusing on democratization and financial reform, it puts forward novel evidence for a U-shaped relation, across countries and over time, for different reform measures and a wide range of estimators. Partial democracy is a main obstacle to financial reforms and democratization, when incomplete, may lead to severe financial reform reversals.
|
Auteur(s) |
Fabrizio Coricelli
1
, Nauro Campos
1
CES -
Centre d'économie de la Sorbonne
( 15080 )
- Maison des Sciences Économiques - 106-112 Boulevard de l'Hôpital - 75647 Paris Cedex 13
- France
|
Comité de lecture |
Oui
|
Vulgarisation |
Non
|
Langue du document |
Anglais
|
Nom de la revue |
|
Audience |
Internationale
|
Date de publication |
2012-07-02
|
Volume |
27
|
Numéro |
71
|
Page/Identifiant |
483-513
|
Mots-clés (JEL) |
|
Domaine(s) |
|
DOI | 10.1111/j.1468-0327.2012.00288.x |
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