Christopher Gandrud
Biographic Data
| ID | 2544511 |
|---|---|
| NAME | Christopher Gandrud |
| GIVEN NAMES | Christopher |
| FAMILY NAME | Gandrud |
| SIGNATURE | GANDRUD C |
| AFFILIATIONS | Yonsei University |
| ORCID | 0000-0003-4723-7585 |
| VERIFIED | Yes |
| TOTAL WORKS | 11 |
| TOTAL CITATIONS | 62 |
| AUTHOR COUNT | 11 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2012 |
| LATEST PUBLICATION YEAR | 2021 |
| H-INDEX | 5 |
Taking Time (and Space) Seriously
Scholars have long been interested in how policies and ideas spread from one observation to another. Yet, the spatial and temporal dynamics of policy diffusion present unique challenges that empirical researchers often neglect. Scholars often use temporally lagged spatial lags (TLSL)—such as the number (or percentage) of prior adopters in a neighborhood—to test various mechanisms of delayed policy diffusion but are largely unaware of two under ap…
The Measurement of Real-Time Perceptions of Financial Stress
Responding to financial market disruptions is a defining challenge for policymakers and a central topic of political research. Yet established measures of financial conditions have significant shortcomings. Annual binary crisis variables limit our ability to explore non-linear relationships and the political effects of rapidly changing conditions. Continuous indicators have their own flaws in operationalization and reproducability. We create a co…
Financial Data Transparency, International Institutions, and Sovereign Borrowing Costs
Recent events in international finance illustrate the close connection between the viability of a country's major private financial institutions and the sustainability of its sovereign debt. We explore the precise nature of this connection and the ways in which it shapes investors’ expectations of sovereign creditworthiness. We consider how investors use the overall level of information available about the private financial sector—and the potenti…
Explaining variation and change in supervisory confidentiality in the European Union
Some European Union member states' financial regulators choose to make some of the data they routinely collect on individual banks publicly available. Others treat this data as confidential. What explains this difference? This paper considers the possible effects of crises, path-dependent legal institutions, and the design of deposit insurance schemes. At the national level, the paper focuses on contrasting German and Dutch cases. After the recen…
Information and financial crisis policy-making
The degree to which governments intervene to contain financial crises varies considerably. We aim to understand why policy-makers choose the level of intervention they do to contain financial shocks. In particular, we want to understand why policy-makers may choose policies that create outcomes they do not want. We focus on a defining feature of financial crisis policy-making that has been largely unaddressed in the literature on policy responses…
Two sword lengths apart
Ideally, national legislatures in democracies should be venues for peacefully resolving conflicts between opposing groups. However, they can become places of physical violence. Such violence can be an indication that countries' legislative institutions are functioning far from the democratic ideal of being venues for peaceful conflict reconciliation. In some cases, such as Ukraine prior to the 2014 outbreak of armed conflict in the country's east…
When all is said and done
How do elections affect the costliness of financial crises to taxpayers? Previous research contends that more electorally competitive countries choose policies that are less costly to taxpayers. In this paper, we update Keefer’s seminal 2007 article published in International Organization with revised data. The original article found that more electorally competitive countries had lower fiscal costs from responding to crises. The commonly used IM…
Inflated Expectations
Governments’ party identifications can indicate the types of economic policies they are likely to pursue. A common rule of thumb is that left-party governments are expected to pursue policies for lower unemployment, but which may cause inflation. Right-party governments are expected to pursue lower inflation policies. How do these expectations shape the inflation forecasts of monetary policy bureaucrats? If there is a mismatch between the policie…
Does Banking Union Worsen theEU's Democratic Deficit? The Need for Greater Supervisory Data Transparency
Does banking union exacerbate the European Union's democratic deficit? Using Scharpf's ‘input’ and ‘output’ legitimacy concepts, it is argued in this article that its design does worsen the democratic deficit. There are good reasons to limit ‘input legitimacy’ for politically independent institutions. ‘Output legitimacy’ is then even more relevant. Transparency is a key part of ‘output legitimacy’. It enables actors to judge whether the regulator…
Competing risks and deposit insurance governance convergence
Why do policies often seem to converge across countries at the same time? This question has been studied extensively in the diffusion literature. However, past research has not examined complex choice environments, especially where there are many alternatives. This article fills this gap in the literature. I show how Fine and Gray’s Competing Risks Event History Analysis can be used to tease apart the causes of policy convergence. I apply the met…
The diffusion of financial supervisory governance ideas
Who is watching the financial services industry? Since 1980, there have been multiple waves of thought about whether the ministry of finance, the central bank, a specialized regulator or some combination of these should have supervisory authority. These waves have been associated with the convergence of actual practices. How much and through what channels did internationally promoted ideas about supervisory ‘best practice' influence institutional…
Financial Data Transparency, International Institutions, and Sovereign Borrowing Costs
Recent events in international finance illustrate the close connection between the viability of a country's major private financial institutions and the sustainability of its sovereign debt. We explore the precise nature of this connection and the ways in which it shapes investors’ expectations of sovereign creditworthiness. We consider how investors use the overall level of information available about the private financial sector—and the potenti…
Taking Time (and Space) Seriously
Scholars have long been interested in how policies and ideas spread from one observation to another. Yet, the spatial and temporal dynamics of policy diffusion present unique challenges that empirical researchers often neglect. Scholars often use temporally lagged spatial lags (TLSL)—such as the number (or percentage) of prior adopters in a neighborhood—to test various mechanisms of delayed policy diffusion but are largely unaware of two under ap…
The diffusion of financial supervisory governance ideas
Who is watching the financial services industry? Since 1980, there have been multiple waves of thought about whether the ministry of finance, the central bank, a specialized regulator or some combination of these should have supervisory authority. These waves have been associated with the convergence of actual practices. How much and through what channels did internationally promoted ideas about supervisory ‘best practice' influence institutional…
Does Banking Union Worsen theEU's Democratic Deficit? The Need for Greater Supervisory Data Transparency
Does banking union exacerbate the European Union's democratic deficit? Using Scharpf's ‘input’ and ‘output’ legitimacy concepts, it is argued in this article that its design does worsen the democratic deficit. There are good reasons to limit ‘input legitimacy’ for politically independent institutions. ‘Output legitimacy’ is then even more relevant. Transparency is a key part of ‘output legitimacy’. It enables actors to judge whether the regulator…
Inflated Expectations
Governments’ party identifications can indicate the types of economic policies they are likely to pursue. A common rule of thumb is that left-party governments are expected to pursue policies for lower unemployment, but which may cause inflation. Right-party governments are expected to pursue lower inflation policies. How do these expectations shape the inflation forecasts of monetary policy bureaucrats? If there is a mismatch between the policie…
Two sword lengths apart
Ideally, national legislatures in democracies should be venues for peacefully resolving conflicts between opposing groups. However, they can become places of physical violence. Such violence can be an indication that countries' legislative institutions are functioning far from the democratic ideal of being venues for peaceful conflict reconciliation. In some cases, such as Ukraine prior to the 2014 outbreak of armed conflict in the country's east…
When all is said and done
How do elections affect the costliness of financial crises to taxpayers? Previous research contends that more electorally competitive countries choose policies that are less costly to taxpayers. In this paper, we update Keefer’s seminal 2007 article published in International Organization with revised data. The original article found that more electorally competitive countries had lower fiscal costs from responding to crises. The commonly used IM…
Information and financial crisis policy-making
The degree to which governments intervene to contain financial crises varies considerably. We aim to understand why policy-makers choose the level of intervention they do to contain financial shocks. In particular, we want to understand why policy-makers may choose policies that create outcomes they do not want. We focus on a defining feature of financial crisis policy-making that has been largely unaddressed in the literature on policy responses…
Competing risks and deposit insurance governance convergence
Why do policies often seem to converge across countries at the same time? This question has been studied extensively in the diffusion literature. However, past research has not examined complex choice environments, especially where there are many alternatives. This article fills this gap in the literature. I show how Fine and Gray’s Competing Risks Event History Analysis can be used to tease apart the causes of policy convergence. I apply the met…
The Measurement of Real-Time Perceptions of Financial Stress
Responding to financial market disruptions is a defining challenge for policymakers and a central topic of political research. Yet established measures of financial conditions have significant shortcomings. Annual binary crisis variables limit our ability to explore non-linear relationships and the political effects of rapidly changing conditions. Continuous indicators have their own flaws in operationalization and reproducability. We create a co…
Explaining variation and change in supervisory confidentiality in the European Union
Some European Union member states' financial regulators choose to make some of the data they routinely collect on individual banks publicly available. Others treat this data as confidential. What explains this difference? This paper considers the possible effects of crises, path-dependent legal institutions, and the design of deposit insurance schemes. At the national level, the paper focuses on contrasting German and Dutch cases. After the recen…
The diffusion of financial supervisory governance ideas
Who is watching the financial services industry? Since 1980, there have been multiple waves of thought about whether the ministry of finance, the central bank, a specialized regulator or some combination of these should have supervisory authority. These waves have been associated with the convergence of actual practices. How much and through what channels did internationally promoted ideas about supervisory ‘best practice' influence institutional…
Competing risks and deposit insurance governance convergence
Why do policies often seem to converge across countries at the same time? This question has been studied extensively in the diffusion literature. However, past research has not examined complex choice environments, especially where there are many alternatives. This article fills this gap in the literature. I show how Fine and Gray’s Competing Risks Event History Analysis can be used to tease apart the causes of policy convergence. I apply the met…
When all is said and done
How do elections affect the costliness of financial crises to taxpayers? Previous research contends that more electorally competitive countries choose policies that are less costly to taxpayers. In this paper, we update Keefer’s seminal 2007 article published in International Organization with revised data. The original article found that more electorally competitive countries had lower fiscal costs from responding to crises. The commonly used IM…
Inflated Expectations
Governments’ party identifications can indicate the types of economic policies they are likely to pursue. A common rule of thumb is that left-party governments are expected to pursue policies for lower unemployment, but which may cause inflation. Right-party governments are expected to pursue lower inflation policies. How do these expectations shape the inflation forecasts of monetary policy bureaucrats? If there is a mismatch between the policie…
Does Banking Union Worsen theEU's Democratic Deficit? The Need for Greater Supervisory Data Transparency
Does banking union exacerbate the European Union's democratic deficit? Using Scharpf's ‘input’ and ‘output’ legitimacy concepts, it is argued in this article that its design does worsen the democratic deficit. There are good reasons to limit ‘input legitimacy’ for politically independent institutions. ‘Output legitimacy’ is then even more relevant. Transparency is a key part of ‘output legitimacy’. It enables actors to judge whether the regulator…
Two sword lengths apart
Ideally, national legislatures in democracies should be venues for peacefully resolving conflicts between opposing groups. However, they can become places of physical violence. Such violence can be an indication that countries' legislative institutions are functioning far from the democratic ideal of being venues for peaceful conflict reconciliation. In some cases, such as Ukraine prior to the 2014 outbreak of armed conflict in the country's east…
Explaining variation and change in supervisory confidentiality in the European Union
Some European Union member states' financial regulators choose to make some of the data they routinely collect on individual banks publicly available. Others treat this data as confidential. What explains this difference? This paper considers the possible effects of crises, path-dependent legal institutions, and the design of deposit insurance schemes. At the national level, the paper focuses on contrasting German and Dutch cases. After the recen…
Information and financial crisis policy-making
The degree to which governments intervene to contain financial crises varies considerably. We aim to understand why policy-makers choose the level of intervention they do to contain financial shocks. In particular, we want to understand why policy-makers may choose policies that create outcomes they do not want. We focus on a defining feature of financial crisis policy-making that has been largely unaddressed in the literature on policy responses…
Financial Data Transparency, International Institutions, and Sovereign Borrowing Costs
Recent events in international finance illustrate the close connection between the viability of a country's major private financial institutions and the sustainability of its sovereign debt. We explore the precise nature of this connection and the ways in which it shapes investors’ expectations of sovereign creditworthiness. We consider how investors use the overall level of information available about the private financial sector—and the potenti…
The Measurement of Real-Time Perceptions of Financial Stress
Responding to financial market disruptions is a defining challenge for policymakers and a central topic of political research. Yet established measures of financial conditions have significant shortcomings. Annual binary crisis variables limit our ability to explore non-linear relationships and the political effects of rapidly changing conditions. Continuous indicators have their own flaws in operationalization and reproducability. We create a co…
Taking Time (and Space) Seriously
Scholars have long been interested in how policies and ideas spread from one observation to another. Yet, the spatial and temporal dynamics of policy diffusion present unique challenges that empirical researchers often neglect. Scholars often use temporally lagged spatial lags (TLSL)—such as the number (or percentage) of prior adopters in a neighborhood—to test various mechanisms of delayed policy diffusion but are largely unaware of two under ap…
Economics (9 works) · Business (6 works) · Finance (6 works) · Political science (6 works) · Law (5 works) · Macroeconomics (5 works) · Banking stability, regulation, efficiency (4 works) · Fiscal Policies and Political Economy (4 works) · Law (4 works) · Politics (4 works)