Replication data for: Room to Move: International Financial Markets and National Welfare States

Therefore, governments face pressures to adopt market-pleasing polic ies in aggregate policy areas but retain ‘‘room to move’’ in many other policy areas. Despite financial internationalization, we will observe a significant amount of crossnational policy divergence among advanced industrial democracies. I position my analysis within current international and comparative political economy debates and develop expectations regarding the influence of financial market pressures on government policies.

I then assess these expectations by employing interviews with financial market participants. I further evaluate my hypotheses using a statistical analysis of the determinants of interest rates on government bonds. I briefly discuss governments’ responses to financial market influences and conclude by offering suggestions for future research.