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|Title:||The domestic political origins of global financial standards : Agrarian influence and the creation of U.S. securities regulations||Authors:||Richard W. Carney||Keywords:||DRNTU::Social sciences||Issue Date:||2010||Source:||Richard W. Carney. (2010). The domestic political origins of global financial standards : Agrarian influence and the creation of U.S. securities regulations. (RSIS Working Paper, No. 196). Singapore: Nanyang Technological University.||Series/Report no.:||RSIS Working Papers ; 196/10||Abstract:||What are the political origins of America’s securities regulations? In contrast to arguments that point to business owners as determining the institutional foundations of America’s political economy, this paper argues that farmers play a leading role. Indeed, the rules and regulations governing U.S. securities markets were created in opposition to the wishes of business owners, and without farmers’ political influence, the United States may have developed a variant of the coordinated market economy found in continental Europe. Moreover, to the extent that U.S. securities regulations serve as a template for international financial standards, the paper will show that the humble American farmer has inadvertently contributed to the financialization of the modern global economy.||URI:||https://hdl.handle.net/10356/90824
|Fulltext Permission:||open||Fulltext Availability:||With Fulltext|
|Appears in Collections:||RSIS Working Papers |
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