The Political Economy of Financial Services Reform in India
Explaining Variations in Political Opposition and Barriers to Entry
Dados Bibliográficos
| ID | 8992827 |
|---|---|
| Autores | Lawrence Saez (autor correspondente) |
| Ano | 2009 |
| Volume | 68 |
| Fascículo | 4 |
| Páginas | 1137-1162 |
| Data de publicação | 2009-11-01 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | The Journal of Asian Studies (JOURNAL) |
| Identificadores do periódico | ISSN: 0021-9118 • E-ISSN: 1752-0401 |
| Editora | Duke University Press (PUBLISHER • US) |
| DOI | 10.1017/s0021911809990805 |
| OpenAlex | W2167780415 |
| Idioma | EN |
| Referências citadas | 32 |
This article offers an explanation for disparities in the speed and level of political opposition to reform of the financial services sector in India. Focusing on the disparity of outcomes in reform of the insurance and the banking sector, the author suggests why some barriers to entry were present in India during the reform process. The author extends this argument to explain differing levels of political opposition to reform in the banking and insurance sectors. To provide empirical support for this theoretical construct, the author uses measures of market segmentation and market concentration to show how specific forms of state ownership helped promote divergent types of political opposition that built in India during the decision-making stage of reform and during the implementation of second-generation reforms. The experience of financial services reform in India offers important lessons for the new institutional economics literature on early transition elsewhere
Economic reform · Economics · Opposition (politics · Political economy · Political science · Politics · Banking stability, regulation, efficiency · Housing, Finance, and Neoliberalism · Law · Microfinance and Financial Inclusion
Banking Reform in India and China
Institutions, Institutional Change and Economic Performance
The Theory of Economic Regulation
The Economic Theory of Social Institutions
Institutions, Institutional Change and Economic Performance
The Political Economy of the Rent-Seeking Society
Institutions and the Path to the Modern Economy
Concentration and Firm Stability in Commercial Banking
Entry and Competition in Concentrated Markets
Cross-Border Entry in European Retail Financial Services
Market Dynamics and Entry
The Role of Investment in Entry-Deterrence
European Financial Integration
Market Dynamics and Entry
Winners Take All
A Theory of Competition Among Pressure Groups for Political Influence
Center-state relations in India and Brazil
A Theory of Endogenous Institutional Change
| Velocidade de citação | historical |
|---|---|
| Altamente citado | Não |