The Political Economy of Bank Regulation in Developing Countries: Risk and Reputation
The Political Economy of Bank Regulation in Developing Countries: Risk and Reputation
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发展中国家银行监管的政治经济学：风险与声誉
DOI：
10.1093/oso/9780198841999.003.0005
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发表时间：
2020
期刊：
影响因子：
--
通讯作者：
Behuria P
中科院分区：
文献类型：
--
作者：
Behuria P
自1994年种族灭绝以来，卢旺达爱国阵线（爱国阵线）政府领导国家实现了显著的经济复苏，国内生产总值年增长率在大多数年份超过6%。卢旺达爱国阵线政府的经济战略是发展以服务业为基础的经济，其中包括使基加利（其首都）成为从旅游业到信息通信技术以及金融业的各种中心。这将卢旺达与东亚发展型国家和另一个有抱负的非洲发展型国家（埃塞俄比亚）区分开来，后者的金融部门主要由政府控制（或由当地国民拥有）（Oqubay，2015; Wade，1990）。为了成为金融部门的中心，卢旺达爱国阵线政府改变了其金融部门-使其自由化，最近承诺迅速采用和实施巴塞尔II和III标准。由于卢旺达的金融部门在很大程度上仍然不发达，政府热衷于采用和实施最新的国际银行标准似乎与该国金融部门的能力和地位脱节，也与成为发展型国家的目标相矛盾。卢旺达爱国阵线政府作为一个资源有限的小国，在其金融部门已成为一个不加批判的标准接受者。政府的采用巴塞尔标准信号的承诺，实验，但突出了优先级的会议（他们认为）最佳实践之前，处理国内contextuals.This章认为，RPF政府的采用和拟议实施的巴塞尔银行业标准是“政策驱动”的融合。卢旺达监管机构的自主权和领导权有限。卢旺达监管机构支持采用巴塞尔，因为它符合更广泛的经济目标（成为金融业中心）。然而，与加纳的动态（政策驱动趋同的另一个例子）不同，实施巴塞尔标准的目标不是一个政治争论的问题，因为占主导地位的政党（卢爱阵）享有相对无争议的权威。卢旺达的经济领导层（总统和高级部长）推动了巴塞尔协议的实施，因为它被认为是一个
Since the 1994 genocide, the Rwandan Patriotic Front (RPF) government has led the country through a remarkable economic recovery with annual GDP growth rates exceeding 6 per cent in most years. The RPF government’s economic strategy is to develop a service-based economy, which includes making Kigali (its capital) a hub of various kinds—from tourism to ICT—and also for finance. This differentiates Rwanda from the East Asian developmental states and another aspiring African developmental state (Ethiopia) where financial sectors have been largely under government control (or owned by local nationals)(Oqubay, 2015; Wade, 1990). With the aim of becoming a financial sector hub, the RPF government has transformed its financial sector—liberalizing it and recently committing to rapidly adopt and implement Basel II and III standards. Since Rwanda’s financial sector remains largely underdeveloped, the government’s exuberance for adopting and implementing the most recent international banking standards seems out of touch with the capacities and status of the country’s financial sector, also contradicting the aim of becoming a developmental state. In its position as a small country with limited resources, the RPF government has become an uncritical standard-taker in its financial sector. The government’s adoption of Basel standards signals a commitment to experimentation but highlights the prioritization of meeting (what they perceive as) best practices ahead of dealing with domestic contextual realities.This chapter argues that the RPF government’s adoption and proposed implementation of Basel banking standards is ‘policy-driven’convergence. Rwandan regulators have limited autonomy and leadership. Rwandan regulators support Basel adoption because it aligns with a broader economic objective (becoming a financial sector hub). Yet unlike dynamics in Ghana (another example of policy-driven convergence), the goal of implementing Basel standards is not a matter of political contention given that the dominant party (RPF) enjoys relatively uncontested authority. Rwanda’s economic leadership (the president and senior ministers) drives Basel implementation because it is perceived to be an
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DOI：
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发表时间：
2011
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