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SUMMARY:Regulatory Capture in Microfinance: The Irish Loan Fund Board\, 18
 60-1914 - Dr Eoin McLaughlin (School of History\, Classics and Archaeology
 \, University of Edinburgh)
DTSTART:20110516T160000Z
DTEND:20110516T180000Z
UID:TALK29761@talks.cam.ac.uk
CONTACT:D'Maris Coffman
DESCRIPTION:Weak regulation and regulatory inaction have been cited as sig
 nificant factors in the recent financial crises in Britain\, Ireland and t
 he US. The existing empirical literature of regulatory capture has primari
 ly focused on the regulators of utilities in the US\; however\, it has not
  analysed the effects and costs of the capture of financial regulators. Th
 is paper aims to address this lacuna by contributing an empirical study of
  a unique case of regulatory capture from late nineteenth century Ireland.
  This paper analyses the effects of an idiosyncratic shock to the Irish fi
 nancial system in 1896 that only affected loan fund societies - local fina
 ncial quasi-mutuals that lent to non-members. It utilises a new dataset on
  loan fund societies to analyse the effect of regulatory capture on unit-i
 ndependent financial institutions.
LOCATION:Lucia Windsor Room\, Newnham College
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