Between Decisiveness and Credibility: Transforming the Securities Industry in Singapore and Thailand
提出以政党为中心的解释模型，分析新加坡和泰国证券业改革中政策果断性与可信度的差异，对比较政治经济学和金融改革研究者有参考价值。
Abstract This article suggests a political party-centred explanation of economic policy reforms that differs significantly from the standard theoretical models that emphasise social coalitions, government systems, regime types or electoral cycles. The explanatory approach advanced here focuses on inter-party and intra-party organisational dimensions within an integrated analytical framework as the major determinants of both the decisiveness of policy reforms and the credibility of such reforms. A comparative analysis of government efforts to transform the securities industry in Singapore and Thailand provides preliminary evidence with which to explore the proposed causal linkage between the patterns of stock market reforms and the changing configurations of political parties.