Politics and the determinants of banking crises: the effects of political checks and balances

There is likely to be little disagreement with the observation that political interference has exacerbated the problems associated with bank insolvencies. Nevertheless, most ot the analytical attention given to bank crises has focused on technocratic mistakes (inappropriate regulatory choices), exog...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autor principal:	Keefer, Philip
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	CRISIS FINANCIERA BANCOS
Acceso en línea:	https://hdl.handle.net/20.500.12580/3638
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai-20.500.12580-3638
record_format	dspace
spelling	oai-20.500.12580-36382021-04-24T10:56:37Z Politics and the determinants of banking crises: the effects of political checks and balances Keefer, Philip CRISIS FINANCIERA BANCOS There is likely to be little disagreement with the observation that political interference has exacerbated the problems associated with bank insolvencies. Nevertheless, most ot the analytical attention given to bank crises has focused on technocratic mistakes (inappropriate regulatory choices), exogenous shocks, contagion effects, and other purely economic determinants of crisis. The implicit political economy assumption underpinning this work is that politicians in different countries generally respond similarly to politicial sector, so thet one need not control for political parameters when examining financial sector crises. This assumption is helful in isolating the relationships among economic variables. However, as a factual matter, the incentives of political actors differ significantly across countries. One way in which they differ, and which is the focus of this paper, is in the extent of checks and balances that they exhibit in government decisionmaking. 2019-11-01T00:01:36Z 2019-11-01T00:01:36Z 2002 Artículo 956-7421-072 https://hdl.handle.net/20.500.12580/3638 eng Serieson Central Banking, Analysis, and Economic Policies, no. 3 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 85-112 application/pdf Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	CRISIS FINANCIERA BANCOS
spellingShingle	CRISIS FINANCIERA BANCOS Keefer, Philip Politics and the determinants of banking crises: the effects of political checks and balances
description	There is likely to be little disagreement with the observation that political interference has exacerbated the problems associated with bank insolvencies. Nevertheless, most ot the analytical attention given to bank crises has focused on technocratic mistakes (inappropriate regulatory choices), exogenous shocks, contagion effects, and other purely economic determinants of crisis. The implicit political economy assumption underpinning this work is that politicians in different countries generally respond similarly to politicial sector, so thet one need not control for political parameters when examining financial sector crises. This assumption is helful in isolating the relationships among economic variables. However, as a factual matter, the incentives of political actors differ significantly across countries. One way in which they differ, and which is the focus of this paper, is in the extent of checks and balances that they exhibit in government decisionmaking.
format	Artículo
author	Keefer, Philip
author_facet	Keefer, Philip
author_sort	Keefer, Philip
title	Politics and the determinants of banking crises: the effects of political checks and balances
title_short	Politics and the determinants of banking crises: the effects of political checks and balances
title_full	Politics and the determinants of banking crises: the effects of political checks and balances
title_fullStr	Politics and the determinants of banking crises: the effects of political checks and balances
title_full_unstemmed	Politics and the determinants of banking crises: the effects of political checks and balances
title_sort	politics and the determinants of banking crises: the effects of political checks and balances
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3638
work_keys_str_mv	AT keeferphilip politicsandthedeterminantsofbankingcrisestheeffectsofpoliticalchecksandbalances
_version_	1718346686553653248

Politics and the determinants of banking crises: the effects of political checks and balances

Ejemplares similares