Abstract/Details

Enforcing liberalism: Political advisory networks and new economic institutions: Case studies of Bulgaria and Ecuador


2009 2009

Other formats: Order a copy

Abstract (summary)

This dissertation examines two cases of extreme monetary policies (currency boards or dollarization) in response to inflationary and bank crises. The research asks why, after major currency and banking failures, governments struggle to restructure and reform their bank systems—both public and private—to prevent future crises. The dissertation complements traditional institutional, interest-based, and domestic corruption explanations for stalled or incomplete liberal reforms which have overlooked an important agent in the regulation of the financial sector: the interaction of formal and informal rule-making institutions. Informal rule-making institutions, namely political advisory networks in the domestic and international finance sector, can inform the scope, timing, and legitimacy of changes in both monetary and banking policy attempted by formal rule-making institutions--the executive and legislative powers of government. The research seeks to descriptively model advisory networks and their sources of strength. I compare two cases, Bulgaria and Ecuador, using elite ethnographic interviews that study up and study through levels and processes of economic institutional change. The dissertation has two key findings: (1) that informal advisory networks can originate and execute extreme monetary policy changes with little deliberative advice from national political or international financial institutions, and (2) where liberal advisory networks are strong, the network can dominate the monetary and bank reform agenda, which often results in a stubborn persistence of liberal policies which reject protection mechanisms (credit ceilings, credit bureaus, state supervision) even through partisan changes in subsequent governments.

Indexing (details)


Subject
Finance;
Political science;
International law;
Studies;
Liberalism
Classification
0508: Finance
0615: Political science
0616: International law
Identifier / keyword
Social sciences; Bulgaria; Currency board; Dollarization; Economic institutions; Ecuador; Informal institutions; Liberalism; Networks; Political advisory networks
Title
Enforcing liberalism: Political advisory networks and new economic institutions: Case studies of Bulgaria and Ecuador
Author
Young, Karen E.
Number of pages
249
Publication year
2009
Degree date
2009
School code
0046
Source
DAI-A 70/02, Dissertation Abstracts International
Place of publication
Ann Arbor
Country of publication
United States
ISBN
9781109052435
Advisor
Woodward, Susan L.
Committee member
Bowman, John; Weiss, Thomas G.
University/institution
City University of New York
Department
Political Science
University location
United States -- New York
Degree
Ph.D.
Source type
Dissertations & Theses
Language
English
Document type
Dissertation/Thesis
Dissertation/thesis number
3349477
ProQuest document ID
304864382
Copyright
Database copyright ProQuest LLC; ProQuest does not claim copyright in the individual underlying works.
Document URL
http://search.proquest.com/docview/304864382
Access the complete full text

You can get the full text of this document if it is part of your institution's ProQuest subscription.

Try one of the following:

  • Connect to ProQuest through your library network and search for the document from there.
  • Request the document from your library.
  • Go to the ProQuest login page and enter a ProQuest or My Research username / password.