Citations (1)



Competing Risks & Deposit Insurance Governance Convergence

Christopher Gandrud

City University London - International Political Economy; Hertie School of Governance

October 2, 2012

International Political Science Review, 2014

Why do policies often seem to converge across countries at the same time? This question has been studied extensively in the diffusion literature. However, past research has not examined complex choice environments, especially where there are many alternatives. My paper aims to fill this gap in the literature. I show how Fine and Gray Competing Risks Event History Analysis can be used to tease apart the causes of policy convergence. I apply the method to an examination of the reasons why, from the mid-1990s to 2007, many countries created independent deposit insurers. I find an interaction between international recommendations and regional peers’ choices, particularly in the European Union. However, convergence appears to slow under the particular conditions of a banking crisis, regardless of how well independence was promoted. Possibly due to electoral incentives democracies seem to have been more likely to create independent insurers. Ultimately, I demonstrate how competing risks analysis can help enable future research on policy choices, complementing methods previously applied in political economy.

Number of Pages in PDF File: 33

Open PDF in Browser Download This Paper

Date posted: October 3, 2012 ; Last revised: June 16, 2014

Suggested Citation

Gandrud, Christopher, Competing Risks & Deposit Insurance Governance Convergence (October 2, 2012). International Political Science Review, 2014. Available at SSRN: http://ssrn.com/abstract=2155986

Contact Information

Christopher Gandrud (Contact Author)
City University London - International Political Economy ( email )
Northampton Square
London, EC1V 0HB
United Kingdom
Hertie School of Governance ( email )
Schlossplatz 1
Berlin, 10178
Feedback to SSRN

Paper statistics
Abstract Views: 448
Downloads: 51
Download Rank: 283,674
Citations:  1
People who downloaded this paper also downloaded:
1. Deposit Insurance and Banking Stability
By Kam Hon Chu

© 2016 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollobot1 in 0.187 seconds