The DOI matches its Crossref record; 36 of the 36 references it cites were found in a registry or an index.
Financial Reform: What Shakes It? What Shapes It?
Abstract
What accounts for the worldwide advance of financial reforms in the last quarter century? Using a new index of financial liberalization, we find that influential events shook the policy status quo. Balance-of-payments crises spurred reforms, but banking crises set liberalization back. Falling global interest rates strengthened reformers, while new governments went both ways. The overall trend toward liberalization, however, reflected pressures and incentives generated by initial reforms that raised the likelihood of additional reforms, stimulated further by the need to catch up with regional reform leaders. In contrast, ideology and country structure had limited influence.
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Cites
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Legal Determinants of External Finance
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The Twin Crises: The Causes of Banking and Balance-of-Payments Problems
Kaminsky, G. L., & Reinhart, C. M. (1999) · American Economic Review · doi:10.1257/aer.89.3.473 · Cited by 4,978
Financial intermediation and growth: Causality and causes
Levine, R., Loayza, N., & Beck, T. (2000) · Journal of Monetary Economics · doi:10.1016/s0304-3932(00)00017-9 · Cited by 4,414
The great reversals: the politics of financial development in the twentieth century
Rajan, R. G., & Zingales, L. (2003) · Journal of Financial Economics · doi:10.1016/s0304-405x(03)00125-9 · Cited by 3,327
Democracy and the Market: Political and Economic Reforms in Eastern Europe and Latin America
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The Dissemination of Culture: A Model with Local Convergence and Global Polarization
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The Globalization of Liberalization: Policy Diffusion in the International Political Economy
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Political Economy in Macroeconomics
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Lind, J. T., & Mehlum, H. (2010) · Oxford Bulletin of Economics and Statistics · doi:10.1111/j.1468-0084.2009.00569.x · Cited by 2,342
Does too much finance harm economic growth?
Law, S. H., & Singh, N. (2014) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2013.12.020 · Cited by 789
Financial innovation and endogenous growth
Laeven, L., Levine, R., & Michalopoulos, S. (2015) · Journal of Financial Intermediation · doi:10.1016/j.jfi.2014.04.001 · Cited by 534
Financial innovation: The bright and the dark sides
Beck, T., Chen, T., Lin, C., & Song, F. M. (2016) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2016.06.012 · Cited by 426
Financial reforms and income inequality
Agnello, L., Mallick, S. K., & Sousa, R. M. (2012) · Economics Letters · doi:10.1016/j.econlet.2012.06.005 · Cited by 197
Metadata
- Authors
- Abiad, A., & Mody, A.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2005-02-01
- Volume
- 95
- Issue
- 1
- Pages
- 66-88
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W3123940674
- Cited by
- 448
- References
- 36
- FWCI
- 58.50
- Type
- journal article
- Language
- en
- Open access
- closed
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
