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Banking Crises, Collective Protest and Rebellion

Published online by Cambridge University Press:  18 December 2006

David L. Richards  and
Ronald D. Gelleny
David L. Richards
Affiliation:
University of Memphis
Ronald D. Gelleny
Affiliation:
University of Akron
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Abstract

Abstract. Both developed and developing countries have experienced turmoil associated with banking sector failures. However, while there exists literature studying the economic costs of banking meltdowns, little scholarly attention has been devoted to examining the relationship between banking crises and domestic agitation (internal conflict). Failing to explore the impact of banking crises on domestic agitation risks excluding a key component in understanding the puzzle of domestic political stability. Examining a dataset of 125 countries for the years 1981 to 2000, we find banking crises to be systematically associated with greater levels of collective protest activities such as riots, anti-government demonstrations and strikes.

Résumé. Les défaillances du secteur bancaire ont causé des perturbations sociales aussi bien dans les pays développés que dans les pays en voie de développement. Toutefois, tandis qu'il existe des recherches sur les coûts économiques des faillites bancaires, les chercheurs se sont peu intéressés au rapport entre crises bancaires et problèmes socio-politiques intérieurs. En négligeant l'effet des crises bancaires sur les troubles sociaux intérieurs, on risque d'exclure un élément clé de l'analyse complexe de la stabilité politique intérieure. L'examen d'un ensemble de données sur 125 nations pour les années 1981 à 2000, nous permet de constater que les crises bancaires sont systématiquement associées à une accélération des activités de protestation collective telles que les émeutes, les manifestations anti-gouvernementales et les grèves.

Type
Research Article
Information
Canadian Journal of Political Science/Revue canadienne de science politique , Volume 39 , Issue 4 , December 2006 , pp. 777 - 801
Copyright
© 2006 Cambridge University Press

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