Navigating global banking standards
This three-year project examines how developing countries navigate global banking standards. It is a multidisciplinary project, led by Ngaire Woods, Emily Jones and Thorsten Beck, which looks at how political institutions and processes at different levels shape the impact of global banking initiatives on low income countries. CAS' contribution is led by Dr Hazel Gray.
Why this project now?
In the wake of the global financial crisis, industrialised countries have agreed regulatory reforms to repair and regulate their own financial systems. All countries, including low income ones, are encouraged to adopt these new banking standards. Yet there has been little research on how these standards will impact low income countries, whose financial systems are very different from those in advanced and emerging economies.
The findings will not only make a significant academic contribution but also provide crucial evidence for policymakers in low income countries. A well-regulated financial sector can promote inclusive growth by generating access to credit for SMEs and marginalised groups, which means the project has far-reaching implications for development in these contexts.
How and where will the project work?
The team includes researchers from institutions in Burkina Faso, Togo, Kenya and Vietnam. In-depth case studies on countries in South East Asia, West Africa and East Africa will form part of the project’s output. Years 1 and 2 (2015-2016) are devoted to developing the project’s framework, conducting research and assembling findings. In Year 3 (2017), policy-makers will be invited to discuss the findings and their implications for global banking regulations and low-income country strategies.