International Financial Deregulation

这一项目的重点是，从民主化程度来看，在多大程度上可以预测国家法律放松管制、国际金融自由化的程度。两个假设正在接受检验。首先，持续的国际金融自由化产生于持续的民主政治竞争，持续的自由化导致了可持续发展的循环。其次，缺乏持续的民主辩论将导致限制性或高度可变的国际金融政策。这些导致了一个压制循环。该项目是对县数据编目的PI前期工作的扩展。在目前的努力中，将对另外60个国家的数据进行编目，这些国家大多较贫穷，与以前评估的国家相比，其稳定性和民主性较差。此外，还增加了最初编入目录的国家的1994年至1996年的数据。核心假设通过横截面回归分析进行了检验。自由化与政治经济绩效之间的动态关系是通过时间序列、横截面回归的混合回归来检验的。这项研究解决了现代政治经济学的核心发展之一，并将一个具有重要价值的数据集扩展到其他社会法学研究人员。

This project focuses on the extent to which deregulation of national laws liberalizing international finance is predictable from the degree of democratization. Two hypotheses are being tested. First, sustained international financial liberalization arises from sustained democratic political contestation and that sustained liberalization leads to and enablement cycle. Second, the absence of sustained democratic contestation will lead to restrictive or highly variable international financial policies. These lead to a repression cycle. This project extends the PIs prior work in which data from 64 counties were cataloged. In the current effort, data from an additional 60 countries, mostly poor and less stable and democratic in comparison to those previously assessed, will be cataloged. In addition, data for the years 1994 through 1996 are being added for the originally cataloged countries. The core hypotheses are examined using cross-sectional regression analyses. The dynamic of the contemporaneous relationship between liberalization and political economic performance are examined using pooled, time-series, cross-sectional regressions. This research addresses one of the central developments of modern political economics and extends a dataset of great value to other sociolegal researchers.