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The revolving door for political elites: policymakers’ professional background and financial regulation

A new EBRD Working Paper (number 222)

November, 2018

By Elisa Wirsching

This paper looks at how the career paths of central bank governors and finance ministers affect financial regulation. Using a dataset of more than 400 central bank governors and finance ministers from 32 OECD countries between 1973 and 2005, we try to answer questions such as: are financial sector veterans in senior government posts more likely to deregulate the financial industry; and are policymakers rewarded with lucrative future industry employment if they embark on deregulatory reforms during their time in office?Read paper

Media enquiries

For media enquiries related to this working paper, please contact Ksenia Yakustidi, Media Adviser at the EBRD’s Office of the Chief Economist

Email:

YakustiK@ebrd.com

All Working Papers

The Working Paper series seeks to stimulate debate on transition in the EBRD regions.