POLITICAL ECONOMY AND FINANCIAL DATA PROJECT
 

Professor Thomas Willett and alum Penny Angkinand have edited a two part special issue of the Journal of Financial Economic Policy on international comparisons of financial policies and their interactions. The papers in the volume give students, faculty, and researchers in government and think tanks introductions to the many new data sets that recently have become available for use in quantitative studies of the effects of domestic and international financial policies. Many of the major econometric techniques used to study these effects are also surveyed. 

These data sets give detailed measures of various types of financial policies and their institutional environments such as more detailed measures of financial liberalization and the quality of financial supervision and methods of estimating their influences on   economic developments such as financial crises and aspects of international interdependence such as the recent debates about international contagion.  

These papers give students , faculty, and researchers in Government and think tanks introductions to the many new data sets that recently become available of financial policies and their institutional environments such as more detailed measures of financial liberalization and the quality of financial supervision and methods of estimating their influences on   economic developments such as financial crises and aspects of international interdependence such as the recent debates about international contagion.  

Besides summarizing the content of these data sets and indicating where they are available, their quality and that of the major approaches to quantitative estimation are critically evaluated and it is argued that the most appropriate data to use will often vary by the issue being studied.  

       The quality of these data sets and approaches to quantitative measurements are critically evaluated and it is argued that the most appropriate data to use will often vary by the issue being studied. As would be expected from a SPE project the importance of political economy factors in influencing these relationships is stressed. 

This special issue is part of the Claremont Institute for Economic Policy Studies ongoing project on political economy and financial data and measurement. It complements the recent book on political economy data edited by alum King Banaian which includes contributions from a number of SPE faculty, students and alums. (See Banaian, K. and Roberts, B. (2008), The Design and Use of Political Economy Indicators: Challenges of Definition, Aggregation, and Application, Palgrave MacMillan: New York, NY). 

Preliminary versions of a number of the papers were presented at sessions of the Annual Meetings of the Western Economics Association in San Diego in July.

A number of alums participated as well as current students and faculty. As with the earlier volume the special issue will contain contributions from several Claremont faculty and students as well as a number of alums. A full list of contributors will be on the CIEPS web site.

 

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