Banks and the False Dichotomy in the Comparative Political Economy of Finance
Banks and the False Dichotomy in the Comparative Political Economy of Finance
复制标题
银行与金融比较政治经济学中的错误二分法
DOI:
10.1017/s0043887113000221
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发表时间:
2013
期刊:
影响因子:
5
通讯作者:
Hardie I
中科院分区:
文献类型:
--
作者:
Hardie I
The wide-ranging varieties of capitalism literature rests on a particular conception of banks and banking that, the authors argue, no longer reflects the reality of modern financial systems. They take advantage of the greater information regarding bank activities revealed by the financial crisis to consider the reality, across eight of the world's largest developed economies, of the financial power of banks to act as bulwarks against market forces. This article offers a market-based banking framework that transcends the bank-based/capital market–based dichotomy that dominates comparative political economy's consideration of financial systems and argues that future CPE research should focus on the activities of banks. By demonstrating how market-based banking increases market influences on the supply of credit, the authors highlight an underap-preciated source of financial market pressure on nonfinancial companies (NFCs) that can have a potential impact across the range of issues that the varieties of capitalism (VoC) literature has seen as differentiating national systems. This approach has implications in areas such as labor, welfare, innovation, and flexibility.
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影响因子:
3.7
作者:
Herbert P. Kitschelt;P. Lange;G. Marks;J. Stephens
通讯作者:
J. Stephens
影响因子:
8.4
作者:
Brunnermeier, Markus K.
通讯作者:
Brunnermeier, Markus K.
影响因子:
0.8
作者:
M. Aoki;H. Patrick
通讯作者:
H. Patrick
DOI:
--
发表时间:
2008
期刊:
影响因子:
--
作者:
Wenying Jiangli;M. Pritsker
通讯作者:
M. Pritsker
DOI:
--
发表时间:
2010
期刊:
影响因子:
--
作者:
Richard Deeg
通讯作者:
Richard Deeg