How developing countries should choose their financial regulatory framework? Empirical Analysis Based on Data from 62 Countries

¹ School of Economics, Sichuan University, Chengdu city, Sichuan, 610065, China.
² School of Finance, Chongqing Technology and Business University, Chongqing, 400067, China.
³ Henan Academy of Macroeconomic Research, Zhengzhou city, Henan, 450003, China.

^* Corresponding author’s e-mail: WUTAO@ctbu.edu.cn

Abstract

This paper adopts the orderly logit model which has achieved good results in the research of financial supervision organization structure in recent years, selects 62 representative countries as samples, estimates and analyzes the factors that affect the financial supervision organization structure change, and carries on the empirical test to the constructed model, thus provides the reference basis for developing countries to select their own financial supervision organization structure.