Crony Capitalism and Financial System Stability

Introduction: The Political Economy of Crony Capitalism

Crony Capitalism in East Asia: Has Anything Changed?

Monitoring Financial System Stability

Corporate Governance, Crony Capitalism and Economic Crises: Should the Us Business Model

This paper considers the Greenspan/Summers/IMF (GSI) argument that the Asian way of doing business was the deep cause of the Asian crisis. The IMF reform programme for the crisis-affected Asian countries suggested they should abandon the Asian business model and adopt the US corporate model. The main findings are: a) contrary to GSI doctrine, poor corporate governance and lack of competition ar...

Crony Capitalism and Democracy: Paradoxes of Electoral Competition in Russia’s Regions

The phenomenon of crony capitalism has been explored primarily with reference to its impact on economic growth. This study investigates the political implications of crony capitalism and, specifically, the interaction between political competition and crony capitalism. Based on a case study of political trajectories in two regions of the Russian Federation, I argue that under crony capitalism p...