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Global Implementation of Basel Accord: A Theory of Political Pressures for Global Bank Regulation
Tung, Chen Yuan
|Issue Date: ||2015-04-01 10:12:41 (UTC+8)|
This dissertation seeks to answer the question of why some countries comply with high level of Basel Accords while others ignore this global governance regime. It adopts a rational theory of international political economy that treats a government’s bank regulation preference as a result of the interaction between international and domestic political costs.
The theoretical model shows that if a country is more economically powerful (weak) or less (more) economically interdependent on global markets, and has a weaker (stronger) executive branch that is unable (able) to shield itself from domestic political factors, it is more likely to realize lower (higher) level of Basel Accords. If a country is powerful or not economically interdependent on global markets, and has a strong executive branch, it has more leeway to decide the level of bank regulation. If a country is weak or economically interdependent on global markets, and has a weak executive branch, an equilibrium level of bank regulation will cause equal international and domestic political costs that minimize the aggregate pressure.
For quantitative tests, I collect time-series data covering 91 countries from 1973 to 2005, as well as a cross-national survey dataset covering more than 150 countries. In addition, I conduct two in-depth case studies of China's and Taiwan's changes of bank regulations since 1980, which rely on first hand interviews and second hand data. Both quantitative and qualitative results support political pressure hypotheses.
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|Source URI: ||http://thesis.lib.nccu.edu.tw/record/#G0099265504|
|Data Type: ||thesis|
|Appears in Collections:||[亞太研究英語博/碩士學位學程(IDAS/IMAS) ] 學位論文|
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