Description
Oxford The Political Economy of Bank Regulation in Developing Countries Risk and Reputation 2020 Edition by Emily Jones
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations.International banking standards are intended for the regulation of large, complex, risk-taking international banks with trillions of dollars in assets and operations across the globe. Yet they are being implemented in countries with nascent financial markets and small banks that have yet to venture into international markets. Why is this? The Political Economy of Bank Regulation in Developing Countries: Risk and Reputation explores the politics of banking regulation in eleven countries acrossAfrica, Asia, and Latin America. It shows how financial globalization generates strong reputational and competitive incentives for developing countries to converge on international standards. Politicians, regulators, and large banks in developing countries implement international standards to attractinternational investment, bolster their professional standing, and further integrate their countries into global finance. Convergence is not inevitable or uniform: implementation is often contested and regulators adapt international standards to the local context. This book contributes to our understanding of the ways in which governments and firms in the core of global finance powerfully shape regulatory decisions in the periphery, and the ways that governments and firms from peripheraldeveloping countries manoeuvre within the constraints and opportunities created by financial globalization.
Table of Contents :- Part I: Introduction, cross-country variation, and analytical argument1: Emily Jones: The puzzle: peripheral developing countries implementing international banking standards2: Emily Jones: The challenges international banking standards pose for peripheral developing countries3: Emily Jones: The politics of regulatory convergence and divergencePart II: Case studies4: Natalya Naqvi: Pakistan: Politicians, regulations, and banks advocate Basel5: Pritish Behuria: Rwanda: Running without legs6: Emily Jones: Ghana: Reformist politicians drive Basel implementation7: Ousseni Illy and Seydou Ouedraogo: West African Economic and Monetary Union: Central bankers drive Basel under IMF pressure8: Hazel Gray: Tanzania: From institutional hiatus to the return of policy-based lending9: Radha Upadhyaya: Kenya: 'Dubai' in the Savannah10: Peter Knaack: Bolivia: Pulling in two directions - the developmental state and Basel standards11: Florence Dafe: Nigeria: Catch 22 - navigating Basel standards in Nigeria's fragile banking sector12: Rebecca Engebretsen and Ricardo Soares de Oliveira: Angola.