Does democracy promote capital account liberalization?

@article{Steinberg2018DoesDP,
  title={Does democracy promote capital account liberalization?},
  author={David A. Steinberg and Stephen C. Nelson and Christoph Nguyen},
  journal={Review of International Political Economy},
  year={2018},
  volume={25},
  pages={854 - 883}
}
Abstract Conventional wisdom maintains that democracy promotes market-oriented economic reforms. This paper argues that democracy’s effect on economic liberalization hinges on international-systemic factors. To develop this argument, we focus on one important reform issue: capital account liberalization. We hypothesize that the level of financial openness abroad moderates the relationship between democracy and financial policy at home. An open global financial system increases societal support… Expand
Inside looking out: how international policy trends shape the politics of capital controls in China
Abstract This paper examines the political-economy of capital controls in China. We argue that the global policy context influences domestic political debates over capital controls, which, in turn,Expand
Before the interests are invested: disputes over asset control and equity market restrictions in Russia
Abstract This article investigates changes in the preference concerning restrictions on minority foreign ownership of equities among powerful groups of domestic asset holders in Russia. In threeExpand
Determinants of Financial Liberalization in SAARC Region
Financial liberalization is the face of financial reforms around the world. This study examines the determinants of financial liberalization in SAARC (South Asian Association for RegionalExpand
Is a more financially open world riskier?
Abstract The paper studies co-movement and causality between global financial openness and nearly all known types of financial crises during 1970–2014. It builds on a composite measure of globalExpand
Is a More Financially Open World Riskier ? Dynamic Dependence between Global Financial Openness and the Frequency of Financial Crises
The paper studies co-movement and causality between global financial openness and nearly all known types of financial crises during 1970–2014. It builds on a composite measure of global financialExpand
The reregulation of capital flows in Latin America: assessing the impact of post-neoliberal governments
This article assesses the impact of post-neoliberal governments on the level of capital controls in 17 Latin American countries for the period between 1995 and 2017. Contrary to administrations led...

References

SHOWING 1-10 OF 130 REFERENCES
Electoral Particularism, Bank Concentration, and Capital Account Liberalization in Developing Democracies
Extant research suggests that democracy fosters capital account liberalization in developing countries. Yet the data reveal that there exists substantial variation in the extent of capital accountExpand
Democracy and International Financial Liberalization
Democracy and International Financial Liberalization I propose that the democracies are characterized by a moral and legal logic such that democratization produces liberalized international financeExpand
Democratization and Economic Globalization
We address two questions that are central to the literature on the emergence of democracy and economic globalization. First, does democratization foster higher levels of trade and capital accountExpand
Ideology and Voter Preferences as Determinants of Financial Globalization
We propose that the global spread of ideas affects international economic openness policies, and that to omit ideology as an explanatory variable for economic globalization is to risk omittedExpand
Paths to Financial Policy Diffusion: Statist Legacies in Latin America's Globalization
Abstract The dominant approaches to the study of capital account liberalization have highlighted institutional barriers to reform and have also demonstrated an important role for interdependence, orExpand
The Economic Origins of Democracy Reconsidered
The effects of inequality and financial globalization on democratization are central issues in political science. The relationships among economic inequality, capital mobility, and democracy differExpand
Neoliberal Economists and Capital Account Liberalization in Emerging Markets
One of the most important developments in the world economy during the past three decades has been the willingness of governments in emerging markets to liberalize controls over international capitalExpand
Democratization and Foreign Direct Investment Liberalization, 1970–2000
Despite the central role of foreign direct investment (FDI) in global economic integration, we lack explanations for why countries restrict FDI inflows. This article analyzes the sources of FDIExpand
Capital, Trade, and the Political Economies of Reform
Existing approaches to the study of economic reform have focused on the mobilization of special interests that oppose liberalization and have tended to assume that reform dynamics follow a similarExpand
Do Currency Crises Cause Capital Account Liberalization
Pepinsky, Thomas B. (2012) Do Currency Crises Cause Capital Account Liberalization? International Studies Quarterly, doi: 10.1111/j.1468-2478.2012.00729.x © 2012 International Studies AssociationExpand
...
1
2
3
4
5
...