When does the law rule?: the politics of banking sector legal reform in the post-Communist region after 1989 Public Deposited

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  • March 22, 2019
  • Spendzharova, Aneta Borislavova
    • Affiliation: College of Arts and Sciences, Department of Political Science
  • I focus on legal reform of the banking sector in this thesis because it is a pivotal part of economic restructuring after the fall of communism. I ask: How do governments decide whether to reform the country’s banking sector legal framework and which course of legal change to pursue? Which mobilized actors, both domestic and international, influence legal change in the banking sector? I argue that the interaction of three factors—the partisan coloration of the governing elites, the strength and character of the mobilized domestic stakeholders, and the influence of international actors—has shaped the quality of banking sector legal reform in the post-communist area. In particular, this project enhances our knowledge of the political configurations that promote the adoption and implementation of good quality laws. Chapter 1 of my dissertation presents the theoretical framework that I use to analyze how political processes shape the course of banking sector legal reform. Chapter 2 focuses on Hungary as an example of a front-runner of economic reform in the region. Chapter 3 focuses on Bulgaria as an example of a slow reformer in the region. Chapter 4 shows how Bulgaria eventually changed course and improved the quality of its banking sector legal framework. Chapter 5 presents a pooled cross-sectional time series statistical test of my explanation using data from twenty-five post-communist states.
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  • Vachudová, Milada Anna
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  • University of North Carolina at Chapel Hill
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