G2TT
来源类型Discussion paper
规范类型论文
来源IDDP3219
DP3219 An African Success Story: Botswana
Daron Acemoğlu; Simon Johnson; James Robinson
发表日期2002-02-20
出版年2002
语种英语
摘要The regulations that shape the design and the operations of corporations, credit and securities markets differ vastly from country to country. In addition, similar regulations are often unequally enforced in different countries. Economists still have an imperfect understanding of why these international differences exist and of whether they tend to persist over time. A recent strand of research has shown that some progress on these issues can be made using the approach of the new political economy, which models regulation and its enforcement as the result of the balance of power between social and economic constituencies. In this Paper we offer a first assessment of the results and potential of this approach in three fields: corporate finance, banking and securities markets.
主题Financial Economics
关键词Political economy Shareholder protection Corporate governance Bankruptcy law Credit market regulation Financial development Privatization
URLhttps://cepr.org/publications/dp3219
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/532244
推荐引用方式
GB/T 7714
Daron Acemoğlu,Simon Johnson,James Robinson. DP3219 An African Success Story: Botswana. 2002.
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