Arbeitspapier

The Political Economy of Finance

This survey reviews how a recent political economy literature helps explaining variation in governance, competition, funding composition and access to credit. Evolution in political institutions can account for financial evolution, and appear critical to explain rapid changes in financial structure, such as the Great Reversal in the early XX century, unlike time-invariant legal institutions or cultural traits. Future research should model the sources and consequences of financial instability, and to predict how major redistributive shocks will shape regulatory choices and financial governance.

Sprache
Englisch

Erschienen in
Series: Tinbergen Institute Discussion Paper ; No. 13-034/IV/DSF53

Klassifikation
Wirtschaft
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Financial Institutions and Services: Government Policy and Regulation
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Capitalist Systems: Political Economy
Thema
political institutions
property rights
investor protection
financial development
access to finance
entry
banking
Politisches System
Institutionelle Infrastruktur
Finanzsektor
Systemvergleich

Ereignis
Geistige Schöpfung
(wer)
Perotti, Enrico
Ereignis
Veröffentlichung
(wer)
Tinbergen Institute
(wo)
Amsterdam and Rotterdam
(wann)
2013

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Perotti, Enrico
  • Tinbergen Institute

Entstanden

  • 2013

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