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The Domestic Politics of Banking Regulation


  • Rosenbluth, Frances
  • Schaap, Ross


This article seeks to ground financial regulatory choices in domestic politics. Based on evidence from twenty-two industrialized countries, we argue that electoral rules—specifically, the extent to which they are centrifugal or centripetal—have a significant effect on whether the banks or their consumers pay for the security of the banking system. Moreover, despite the homogenizing effects of global financial integration, the political dynamics generated by these electoral rules continue to shape the nature and extent of prudential regulations that countries adopt in the place of banking cartels.

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  • Rosenbluth, Frances & Schaap, Ross, 2003. "The Domestic Politics of Banking Regulation," International Organization, Cambridge University Press, vol. 57(02), pages 307-336, March.
  • Handle: RePEc:cup:intorg:v:57:y:2003:i:02:p:307-336_57

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    References listed on IDEAS

    1. Antoine Gervais & J. Bradford Jensen, 2013. "The Tradability of Services: Geographic Concentration and Trade Costs," NBER Working Papers 19759, National Bureau of Economic Research, Inc.
    2. Alan S. Blinder & Alan B. Krueger, 2013. "Alternative Measures of Offshorability: A Survey Approach," Journal of Labor Economics, University of Chicago Press, vol. 31(S1), pages 97-128.
    3. Edward E. Leamer, 2007. "A Flat World, a Level Playing Field, a Small World After All, or None of the Above? A Review of Thomas L Friedman's The World is Flat," Journal of Economic Literature, American Economic Association, vol. 45(1), pages 83-126, March.
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    5. repec:cup:apsrev:v:105:y:2011:i:01:p:166-188_00 is not listed on IDEAS
    6. repec:cup:apsrev:v:96:y:2002:i:03:p:593-608_00 is not listed on IDEAS
    7. J. Bradford Jensen, 2011. "Global Trade in Services: Fear, Facts, and Offshoring," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 6017.
    8. Ron S Jarmin & Javier Miranda, 2002. "The Longitudinal Business Database," Working Papers 02-17, Center for Economic Studies, U.S. Census Bureau.
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    Cited by:

    1. repec:eee:jfinec:v:112:y:2014:i:2:p:251-268 is not listed on IDEAS
    2. Donato Masciandaro, 2012. "Determinants of Financial Supervision Regimes: Markets, Institutions, Politics, Law or Geography?," Chapters,in: Research Handbook on International Financial Regulation, chapter 14 Edward Elgar Publishing.
    3. Liu, Wai-Man & Ngo, Phong, 2012. "Elections, Political Competition and Bank Failure," MPRA Paper 43603, University Library of Munich, Germany.
    4. repec:eee:finsta:v:29:y:2017:i:c:p:13-35 is not listed on IDEAS

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