Who is watching the financial services industry? Since 1980, there have been multiple waves of thought about whether the ministry of finance, the central bank, a specialized regulator or some combination of these should have supervisory authority. These waves have been associated with the...

This paper examines the domestic politics of financial internationalization. Financial internationalization has two components, the liberalization of <italic>cross-border capital flows</italic> and the liberalization of <italic>foreign ownership restrictions</italic>, yet most research to date has concentrated exclusively on the...

type="main" xml:id="ecpo12042-abs-0001" <p>This paper studies the effects of economic governance and political institutions on portfolio investment during the Global Economic Crisis of 2008–2009. Leveraging a unique cross-national dataset on portfolio flows immediately following the collapse of...</p>

The global spread of Islamic finance has transformed the financial systems of many Muslim countries, but analysts know little about the factors that shape individuals’ demand for Islamic finance. This paper examines the socioeconomic origins of consumer demand for Islamic financial products,...