How Do Central Bank Governors Matter? Regulation and the Financial Sector
Prachi Mishra
(1)
,
Ariell Reshef
(2, 3, 4)
Ariell Reshef
- Fonction : Auteur
- PersonId : 11777
- IdHAL : ariell-reshef
- ORCID : 0000-0002-2722-2717
- IdRef : 227208277
Résumé
Do past employment characteristics of central bank governors affect financial regulation? To answer this question, we construct a new data set based on curriculum vitae of all central bank governors around the world in 1970–2011. We interpret work experiences as indicators of preferences toward deregulation. Over the average duration in office (5.6 years), a governor with financial sector experience is associated with three times more deregulation than a governor without experience in finance. Similar results hold for past experience at the IMF; in contrast, past experience at the BIS and the UN are associated with less deregulation.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
How Do Central Bank Governors Matter? Regulation and the Financial Sector
|
Résumé |
en
Do past employment characteristics of central bank governors affect financial regulation? To answer this question, we construct a new data set based on curriculum vitae of all central bank governors around the world in 1970–2011. We interpret work experiences as indicators of preferences toward deregulation. Over the average duration in office (5.6 years), a governor with financial sector experience is associated with three times more deregulation than a governor without experience in finance. Similar results hold for past experience at the IMF; in contrast, past experience at the BIS and the UN are associated with less deregulation.
|
Auteur(s) |
Prachi Mishra
1
, Ariell Reshef
2, 3, 4
1
International Monetary Fund
( 151595 )
- Washington
- États-Unis
2
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
3
CEPII -
Centre d'Etudes Prospectives et d'Informations Internationales
( 39083 )
- 9 rue Georges Pitard - 75740 Paris Cedex 15
- France
4
PJSE -
Paris Jourdan Sciences Economiques
( 1171428 )
- 48 boulevard Jourdan 75014 Paris
- France
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2019-03
|
Volume |
51
|
Numéro |
2-3
|
Page/Identifiant |
369-402
|
Public visé |
Scientifique
|
Mots-clés (JEL) |
|
Domaine(s) |
|
Mots-clés |
en
Central bank, Central bank governor, Leaders, Financial regulation
|
DOI | 10.1111/jmcb.12578 |
UT key WOS | 000461887200003 |
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