The correlates of change in international financial regulation
By: QUINN, Dennis.
Material type: ArticlePublisher: New York, NY : Cambridge University Press, September 1997American Political Science Review 91, 3, p. 531-552Abstract: International financial liberalization is well advanced in many countries, but scholarly descriptions and analyses of this form of deregulation are in their infancy. My aim in this paper is to address a basic lacuna in scholarship on the politics of international finance: With which political and economic variables are changes in international financial regulation robustly associated? Here, I examine liberalization's association with two political-economic outcomes, economic growth and income distribution, and two facets of fiscal policy, corporate taxation and government expenditures. I seek to rule out some broad claims made about the association of changes in international financial regulation with each.International financial liberalization is well advanced in many countries, but scholarly descriptions and analyses of this form of deregulation are in their infancy. My aim in this paper is to address a basic lacuna in scholarship on the politics of international finance: With which political and economic variables are changes in international financial regulation robustly associated? Here, I examine liberalization's association with two political-economic outcomes, economic growth and income distribution, and two facets of fiscal policy, corporate taxation and government expenditures. I seek to rule out some broad claims made about the association of changes in international financial regulation with each.
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