Overview
Daniel Verdier's analysis of how politics influences financial systems focuses mainly on the history of banking since 1850. Verdier shows that contrasting national political institutions have led to discrete regulatory policies, and thus, different financial structures. He asserts that national political systems can counter the convergence that the market dynamic would otherwise impose. Illustratively, countries with decentralized institutions tend to have higher levels of financial regulation and less mobile capital.
- | Author: Daniel Verdier
- | Publisher: Cambridge University Press
- | Publication Date: Feb 13, 2003
- | Number of Pages: 326 pages
- | Binding: Paperback or Softback
- | ISBN-10: 0521891124
- | ISBN-13: 9780521891127
