Scott James
Biographic Data
| ID | 3743420 |
|---|---|
| NAME | Scott James |
| GIVEN NAMES | Scott |
| FAMILY NAME | James |
| SIGNATURE | JAMES S |
| AFFILIATIONS | King's College London |
| ORCID | 0000-0002-4632-9288 |
| VERIFIED | Yes |
| TOTAL WORKS | 33 |
| TOTAL CITATIONS | 318 |
| AUTHOR COUNT | 33 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1977 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 9 |
Systemic Pensions
This paper examines the increasing use of leverage in the pension system and explains the limited regulatory response to growing concerns about the implications for financial stability. Our argument is illustrated by analysing the proliferation of liability-driven investment (LDI) strategies in UK defined-benefit pension schemes and the emergence of systemic risk as a regulatory issue. The paper draws on the linked ecologies framework to map how …
Special section introduction
Economic orthodoxy has faced multiple challenges over recent years, ranging from the global financial crisis and economic populism to the Covid-19 pandemic and the spectre of stagflation.This has generated significant policy innovations, like quantitative easing and the furlough schemes, while heterodox economic ideas (briefly) gained notoriety.Yet these shifts have frequently been grafted onto pre-existing institutional and discursive templates,…
Emergent regime complexity and epistemic barriers in ‘bigtech’ finance
The rise of ‘bigtech’ finance–the provision of payment services and financial intermediation by large digital platforms–poses significant cross-border regulatory challenges with implications for financial stability. Yet despite steps to strengthen regulation at the domestic level, international cooperation in this area remains very limited. Although geopolitical rivalry over digital technology has hindered progress towards agreement on global rul…
Epistemic contestation and interagency conflict
Scholarship on regulating global finance emphasizes the importance of national and bureaucratic interests, but less attention has been devoted to epistemic sources of regulatory conflict. We address this by analyzing the failure of regulators to agree tougher rules for large investment funds after the 2008 crisis. The article suggests this outcome was the result of epistemic contestation between prudential regulators and securities regulators, ro…
Differentiated de-Europeanisation
This paper examines the impact of Brexit on UK financial services policy, explaining recent reforms to the domestic financial regulatory framework and assessing the prospects for future divergence from EU rules. Deploying the lens of de-Europeanisation, we show that the failure to include financial services in the final UK-EU Trade and Cooperation Agreement necessitated major institutional changes. By contrast, there has been very limited change …
Coen, David, Katsaitis, Alexander, and Vannoni, Matia (2021). Business Lobbying in the European Union. Oxford, UK
From Big Bang to Brexit
This article aims to generate new insights into the City’s influence during the Brexit negotiations. Integrating theories of discursive institutionalism and business power, we set out to analyse the dynamic ‘discursive power’ of finance. From this perspective, a key source of the City’s influence historically has been a powerful strategic discourse about London’s role as Europe’s leading global financial centre. This was strengthened following th…
Rule maker or rule taker? Brexit, finance and UK regulatory autonomy
Given the integration of the City of London into the single market for financial services in the European Union (EU), theories of transnational governance would expect the United Kingdom (UK) to favour close regulatory alignment with the EU27 post-Brexit to maximise market access and financial stability. Surprisingly, however, the UK has consistently demanded regulatory flexibility in financial services and has accepted reduced market access. We …
Preferences, Preference Formation and Position Taking in a Eurozone Out
In the literature on member state position-taking in the eurozone crisis, the debate has mainly centred on whether national preferences are shaped exclusively within the domestic setting or influenced by shared EU-level norms or interaction within EU institutions. This article goes beyond this discussion. Drawing on original data collected by the authors, it uses the UK’s experience to test the claims both of society-centred approaches, including…
The internationalization of European financial networks
Regulatory initiatives are frequently shaped by the ability of the financial industry to build alliances across the wider business community. Yet comparative and international political economy scholarship remains divided over how to explain the resulting networks of financial lobbying. Using quantitative text analysis of 1300 responses to EU financial regulatory consultations between 2010 and 2018, we map patterns of lobbying coordination based …
Can’t get no learning
This is the final version. Available on open access from Taylor & Francis via the DOI in this record
Brexit and the political economy of euro-denominated clearing
The decision by the United Kingdom (UK) to withdraw from the European Union (EU) has reignited tensions around the clearing of euro-denominated derivatives. Yet, the EU has resisted concerted pressure from several member states and the European Central Bank (ECB) to force the relocation of euro clearing away from London. Instead, it has opted to strengthen the supervision of EU and non-EU Central Counterparties (CCPs), leaving the derecognition o…
Why does the United Kingdom (UK) have inconsistent preferences on financial regulation? The case of banking and capital markets
What explains national preferences concerning international and regional financial regulation? This article focusses on one of the main financial jurisdictions worldwide, the United Kingdom (UK). It is puzzling that since the crisis this jurisdiction has pursued stringent harmonised regulation in certain areas (banking), but not others (capital markets). We explain this in terms of how the demands of powerful economic interests are mediated by th…
Brexit, the City and the Contingent Power of Finance
Brexit poses a profound challenge to the economic fortunes of the financial services sector in the United Kingdom (UK) because it threatens to sever access to the single market in the European Union (EU). Recognising this, the City of London’s largest financial firms and main representative bodies supported a Remain vote in the June 2016 referendum, and subsequently lobbied for a ‘soft’ Brexit policy to preserve the City’s lucrative passporting r…
Central Bank Reform and the Politics of Blame Avoidance in the UK
Following the financial crisis, the UK central bank gained important new prudential powers for upholding financial stability. Yet the reforms diverged significantly from the government’s original plans and arguably produced a suboptimal institutional design. Drawing on theories of blame avoidance, we argue that the changes were motivated primarily by the need to manage reputational risk. Prior to the 2010 election, the two main parties tried to d…
The Brexit Negotiations and Financial Services
This paper examines the state of the art of the Brexit negotiations in the area of financial services. It uses a two‐level game model to first explain the positions of UK and EU negotiators on the basis of the domestic constraints they face, and second, to consider the scope for final agreement based on the ‘win‐set’ of both sides. The paper analyses the preferences and power of three main groups of players within the UK and EU : the political au…
The structural-informational power of business
This paper seeks to provide a better understanding of why business power varies over time and between firms. It assumes that business influence derives from firms’ ability to send credible information signals about policy costs, causing policy makers to amend proposals. This ‘structural-informational’ power is mediated by two factors. First, the structure of the policy process enables policy makers to assess the credibility of industry claims thr…
Reputational leadership and preference similarity
This article contributes to our understanding of the formation of policy networks. Research suggests that organisations collaborate with those that are perceived to be influential in order to access scarce political resources. Other studies show that organisations prefer to interact with those that share core policy beliefs on the basis of trust. This article seeks to develop new analytical tools for testing these alternative hypotheses. First, i…
The domestic politics of financial regulation
This paper contributes to our understanding of post-crisis financial regulation by reasserting the centrality of domestic politics in defining government preferences and explaining regulatory outcomes. It draws on Robert Putnam's two-level game approach and Foreign Policy Analysis to develop a model of a three-level informal ratification game. This adds value to existing approaches by capturing the contested nature of government preferences and d…
Policy windows, ambiguity and Commission entrepreneurship
This article explains the relaunch of the European Union's (EU) economic reform agenda in 2010. After repeated delays during 2009, the European Commission scaled back its initial plan for a revived social dimension and instead proposed a strengthened governance architecture of economic surveillance. Using the multiple streams framework we argue that the new Europe 2020 strategy which emerged is a product of two overlapping policy windows which op…
An Emergent European Executive Order ‐ by Jarle Trondal
The Rise and Fall of Euro Preparations
Although much has been written about Labour's policy towards the European single currency, few studies have explored the Treasury-led process of preparing Britain for changeover. The article attempts to address this by employing a strategic-relational framework to map the contours of the euro preparations network, to identify the key stakeholders and to chart its development between 1998 and 2008. It argues that by establishing an autonomous poli…
Managing European Policy at Home
This article seeks to analyse the changing nature of European policy making within national core executives. Using the Irish core executive as a case study, it sets out to map the process through which national EU policy is coordinated at the very heart of government, and to evaluate and explain the nature of adaptation over the past decade. The article is critical of traditional historical institutionalist accounts of domestic change that tend t…
Adapting to Brussels
This paper aims to contribute towards our understanding of Europeanization within national core executives. It is critical of conventional accounts which focus solely on the 'reception' of adaptational requirements from the European Union (EU). Instead it considers how member states may adapt at home for the purpose of 'projection': the attempt to maximize the uploading of national policy preferences into the EU policy-making arena. The paper pro…
Taming the ‘Awkward State’? The Changing Face of European Policy‐making Under Blair
This paper analyses the important changes to the European Union (EU) policy‐making process within the UK core executive introduced by the Blair government between 1997 and 2007. Employing a strategic‐relational network framework, it sets out to map the changing face of policy‐making within the Whitehall EU network, and to evaluate and explain the impact of adaptation. The article argues that Labour's reform strategy has been double‐edged: day‐to‐…
Policy windows, ambiguity and Commission entrepreneurship
This article explains the relaunch of the European Union's (EU) economic reform agenda in 2010. After repeated delays during 2009, the European Commission scaled back its initial plan for a revived social dimension and instead proposed a strengthened governance architecture of economic surveillance. Using the multiple streams framework we argue that the new Europe 2020 strategy which emerged is a product of two overlapping policy windows which op…
The second face of hegemony
One challenge facing hegemonic stability theory is to specify the processes by which hegemonic countries construct and maintain a liberal international economic order. Earlier studies have focused on direct coercion or ideological manipulation by the hegemon as a principal technique for manipulating the trade policies of other countries. This article explores a different “face” of hegemony. Specifically, we contend that by altering relative price…
Can’t get no learning
This is the final version. Available on open access from Taylor & Francis via the DOI in this record
Brexit, the City and the Contingent Power of Finance
Brexit poses a profound challenge to the economic fortunes of the financial services sector in the United Kingdom (UK) because it threatens to sever access to the single market in the European Union (EU). Recognising this, the City of London’s largest financial firms and main representative bodies supported a Remain vote in the June 2016 referendum, and subsequently lobbied for a ‘soft’ Brexit policy to preserve the City’s lucrative passporting r…
Patronage Regimes and American Party Development from ‘The Age of Jackson’ to the Progressive Era
This article introduces the concept of patronage regimes and, through it, extends the research on American party development. No systematic empirical inquiry into the operation of American patronage practices has yet been undertaken. Its analysis investigates the strategic allocation of public jobs by party elites to enhance cadre performance in presidential elections. Utilizing a dataset of 49,000 Senate-confirmed, presidential appointments, pre…
The structural-informational power of business
This paper seeks to provide a better understanding of why business power varies over time and between firms. It assumes that business influence derives from firms’ ability to send credible information signals about policy costs, causing policy makers to amend proposals. This ‘structural-informational’ power is mediated by two factors. First, the structure of the policy process enables policy makers to assess the credibility of industry claims thr…
Adapting to Brussels
This paper aims to contribute towards our understanding of Europeanization within national core executives. It is critical of conventional accounts which focus solely on the 'reception' of adaptational requirements from the European Union (EU). Instead it considers how member states may adapt at home for the purpose of 'projection': the attempt to maximize the uploading of national policy preferences into the EU policy-making arena. The paper pro…
Epistemic contestation and interagency conflict
Scholarship on regulating global finance emphasizes the importance of national and bureaucratic interests, but less attention has been devoted to epistemic sources of regulatory conflict. We address this by analyzing the failure of regulators to agree tougher rules for large investment funds after the 2008 crisis. The article suggests this outcome was the result of epistemic contestation between prudential regulators and securities regulators, ro…
The Brexit Negotiations and Financial Services
This paper examines the state of the art of the Brexit negotiations in the area of financial services. It uses a two‐level game model to first explain the positions of UK and EU negotiators on the basis of the domestic constraints they face, and second, to consider the scope for final agreement based on the ‘win‐set’ of both sides. The paper analyses the preferences and power of three main groups of players within the UK and EU : the political au…
The Political Economy of Voting Rights Enforcement in America's Gilded Age
We develop a model of electoral college competition and apply it to the transformation of nineteenth-century voting rights enforcement. The Federal Election Law (1872-92) was born of an effort to secure political power for southern blacks, yet it developed into an expansive machinery to police federal elections in northern cities. We argue that the Reconstruction commitment to black suffrage gradually succumbed to the competitive structure of Gil…
From Big Bang to Brexit
This article aims to generate new insights into the City’s influence during the Brexit negotiations. Integrating theories of discursive institutionalism and business power, we set out to analyse the dynamic ‘discursive power’ of finance. From this perspective, a key source of the City’s influence historically has been a powerful strategic discourse about London’s role as Europe’s leading global financial centre. This was strengthened following th…
Reputational leadership and preference similarity
This article contributes to our understanding of the formation of policy networks. Research suggests that organisations collaborate with those that are perceived to be influential in order to access scarce political resources. Other studies show that organisations prefer to interact with those that share core policy beliefs on the basis of trust. This article seeks to develop new analytical tools for testing these alternative hypotheses. First, i…
Special section introduction
Economic orthodoxy has faced multiple challenges over recent years, ranging from the global financial crisis and economic populism to the Covid-19 pandemic and the spectre of stagflation.This has generated significant policy innovations, like quantitative easing and the furlough schemes, while heterodox economic ideas (briefly) gained notoriety.Yet these shifts have frequently been grafted onto pre-existing institutional and discursive templates,…
Differentiated de-Europeanisation
This paper examines the impact of Brexit on UK financial services policy, explaining recent reforms to the domestic financial regulatory framework and assessing the prospects for future divergence from EU rules. Deploying the lens of de-Europeanisation, we show that the failure to include financial services in the final UK-EU Trade and Cooperation Agreement necessitated major institutional changes. By contrast, there has been very limited change …
Brexit and the political economy of euro-denominated clearing
The decision by the United Kingdom (UK) to withdraw from the European Union (EU) has reignited tensions around the clearing of euro-denominated derivatives. Yet, the EU has resisted concerted pressure from several member states and the European Central Bank (ECB) to force the relocation of euro clearing away from London. Instead, it has opted to strengthen the supervision of EU and non-EU Central Counterparties (CCPs), leaving the derecognition o…
Timing and Sequence in Congressional Elections
“The first Tuesday after the first Monday in November”—by this simple rule, Americans organize 435 congressional election contests into one simultaneous collective event. Many—including not a few political scientists—treat this scheduling requirement as though it were an enduring feature of American political history, perhaps even one of the Framers' constitutional stipulations. In fact, the historical pattern is richer and more variegated. For m…
The domestic politics of financial regulation
This paper contributes to our understanding of post-crisis financial regulation by reasserting the centrality of domestic politics in defining government preferences and explaining regulatory outcomes. It draws on Robert Putnam's two-level game approach and Foreign Policy Analysis to develop a model of a three-level informal ratification game. This adds value to existing approaches by capturing the contested nature of government preferences and d…
Taming the ‘Awkward State’? The Changing Face of European Policy‐making Under Blair
This paper analyses the important changes to the European Union (EU) policy‐making process within the UK core executive introduced by the Blair government between 1997 and 2007. Employing a strategic‐relational network framework, it sets out to map the changing face of policy‐making within the Whitehall EU network, and to evaluate and explain the impact of adaptation. The article argues that Labour's reform strategy has been double‐edged: day‐to‐…
Building a Democratic Majority
On 30 May 1914, Theodore Roosevelt fired the opening shots of the midterm elections against the party of Woodrow Wilson. Roosevelt framed the off-year elections as a referendum on the failures of the New Freedom, the Democrats' three-pronged program to curb the power of the trusts. Rather than bringing monopolies to heal, the former president asserted, Democratic policy had simply driven the economy into recession. “[T]he Democratic party,” Roose…
Emergent regime complexity and epistemic barriers in ‘bigtech’ finance
The rise of ‘bigtech’ finance–the provision of payment services and financial intermediation by large digital platforms–poses significant cross-border regulatory challenges with implications for financial stability. Yet despite steps to strengthen regulation at the domestic level, international cooperation in this area remains very limited. Although geopolitical rivalry over digital technology has hindered progress towards agreement on global rul…
Rule maker or rule taker? Brexit, finance and UK regulatory autonomy
Given the integration of the City of London into the single market for financial services in the European Union (EU), theories of transnational governance would expect the United Kingdom (UK) to favour close regulatory alignment with the EU27 post-Brexit to maximise market access and financial stability. Surprisingly, however, the UK has consistently demanded regulatory flexibility in financial services and has accepted reduced market access. We …
Central Bank Reform and the Politics of Blame Avoidance in the UK
Following the financial crisis, the UK central bank gained important new prudential powers for upholding financial stability. Yet the reforms diverged significantly from the government’s original plans and arguably produced a suboptimal institutional design. Drawing on theories of blame avoidance, we argue that the changes were motivated primarily by the need to manage reputational risk. Prior to the 2010 election, the two main parties tried to d…
The internationalization of European financial networks
Regulatory initiatives are frequently shaped by the ability of the financial industry to build alliances across the wider business community. Yet comparative and international political economy scholarship remains divided over how to explain the resulting networks of financial lobbying. Using quantitative text analysis of 1300 responses to EU financial regulatory consultations between 2010 and 2018, we map patterns of lobbying coordination based …
The Rise and Fall of Euro Preparations
Although much has been written about Labour's policy towards the European single currency, few studies have explored the Treasury-led process of preparing Britain for changeover. The article attempts to address this by employing a strategic-relational framework to map the contours of the euro preparations network, to identify the key stakeholders and to chart its development between 1998 and 2008. It argues that by establishing an autonomous poli…
Managing European Policy at Home
This article seeks to analyse the changing nature of European policy making within national core executives. Using the Irish core executive as a case study, it sets out to map the process through which national EU policy is coordinated at the very heart of government, and to evaluate and explain the nature of adaptation over the past decade. The article is critical of traditional historical institutionalist accounts of domestic change that tend t…
Metals in municipal landfill leachate and their health effects
The leachate from five municipal landfills (containing no industrial waste or sewage sludge) was studied in 1975 by the U. S. Environmental Protection Agency (EPA). Copper was not present in concentrations above EPA standards. Zinc concentrations decreased with age of the site and were below standards. The amounts of cadmium and chromium appear to vary greatly from site to site. Lead, selenium, iron, and mercury were present at each site in conce…
The second face of hegemony
One challenge facing hegemonic stability theory is to specify the processes by which hegemonic countries construct and maintain a liberal international economic order. Earlier studies have focused on direct coercion or ideological manipulation by the hegemon as a principal technique for manipulating the trade policies of other countries. This article explores a different “face” of hegemony. Specifically, we contend that by altering relative price…
Reply to Sanders
Professor Sanders raises several issues, not all of which can be addressed adequately in this brief response. Therefore, I will confine my remarks to those issues which I consider most important, in particular, those that bear on the key theoretical differences between us. I also take issue with her interpretation of the Hiscock vote
Building a Democratic Majority
On 30 May 1914, Theodore Roosevelt fired the opening shots of the midterm elections against the party of Woodrow Wilson. Roosevelt framed the off-year elections as a referendum on the failures of the New Freedom, the Democrats' three-pronged program to curb the power of the trusts. Rather than bringing monopolies to heal, the former president asserted, Democratic policy had simply driven the economy into recession. “[T]he Democratic party,” Roose…
Prelude to Progressivism
On December 8, 1896, the Supreme Court heard arguments in United States v. Trans-Missouri Freight Association.166 U.S. 290 (1897). The defendant was an association of 18 railroads locked in competition for traffic between the Missouri River and the Pacific Ocean. By memorandum of agreement, member railways had voluntarily agreed to cease all price-based competition and abide by a common schedule of rates. Attorneys for the railroads maintained th…
The Political Economy of Voting Rights Enforcement in America's Gilded Age
We develop a model of electoral college competition and apply it to the transformation of nineteenth-century voting rights enforcement. The Federal Election Law (1872-92) was born of an effort to secure political power for southern blacks, yet it developed into an expansive machinery to police federal elections in northern cities. We argue that the Reconstruction commitment to black suffrage gradually succumbed to the competitive structure of Gil…
Patronage Regimes and American Party Development from ‘The Age of Jackson’ to the Progressive Era
This article introduces the concept of patronage regimes and, through it, extends the research on American party development. No systematic empirical inquiry into the operation of American patronage practices has yet been undertaken. Its analysis investigates the strategic allocation of public jobs by party elites to enhance cadre performance in presidential elections. Utilizing a dataset of 49,000 Senate-confirmed, presidential appointments, pre…
Timing and Sequence in Congressional Elections
“The first Tuesday after the first Monday in November”—by this simple rule, Americans organize 435 congressional election contests into one simultaneous collective event. Many—including not a few political scientists—treat this scheduling requirement as though it were an enduring feature of American political history, perhaps even one of the Framers' constitutional stipulations. In fact, the historical pattern is richer and more variegated. For m…
Taming the ‘Awkward State’? The Changing Face of European Policy‐making Under Blair
This paper analyses the important changes to the European Union (EU) policy‐making process within the UK core executive introduced by the Blair government between 1997 and 2007. Employing a strategic‐relational network framework, it sets out to map the changing face of policy‐making within the Whitehall EU network, and to evaluate and explain the impact of adaptation. The article argues that Labour's reform strategy has been double‐edged: day‐to‐…
The Rise and Fall of Euro Preparations
Although much has been written about Labour's policy towards the European single currency, few studies have explored the Treasury-led process of preparing Britain for changeover. The article attempts to address this by employing a strategic-relational framework to map the contours of the euro preparations network, to identify the key stakeholders and to chart its development between 1998 and 2008. It argues that by establishing an autonomous poli…
Managing European Policy at Home
This article seeks to analyse the changing nature of European policy making within national core executives. Using the Irish core executive as a case study, it sets out to map the process through which national EU policy is coordinated at the very heart of government, and to evaluate and explain the nature of adaptation over the past decade. The article is critical of traditional historical institutionalist accounts of domestic change that tend t…
Adapting to Brussels
This paper aims to contribute towards our understanding of Europeanization within national core executives. It is critical of conventional accounts which focus solely on the 'reception' of adaptational requirements from the European Union (EU). Instead it considers how member states may adapt at home for the purpose of 'projection': the attempt to maximize the uploading of national policy preferences into the EU policy-making arena. The paper pro…
An Emergent European Executive Order ‐ by Jarle Trondal
Policy windows, ambiguity and Commission entrepreneurship
This article explains the relaunch of the European Union's (EU) economic reform agenda in 2010. After repeated delays during 2009, the European Commission scaled back its initial plan for a revived social dimension and instead proposed a strengthened governance architecture of economic surveillance. Using the multiple streams framework we argue that the new Europe 2020 strategy which emerged is a product of two overlapping policy windows which op…
The domestic politics of financial regulation
This paper contributes to our understanding of post-crisis financial regulation by reasserting the centrality of domestic politics in defining government preferences and explaining regulatory outcomes. It draws on Robert Putnam's two-level game approach and Foreign Policy Analysis to develop a model of a three-level informal ratification game. This adds value to existing approaches by capturing the contested nature of government preferences and d…
Brexit, the City and the Contingent Power of Finance
Brexit poses a profound challenge to the economic fortunes of the financial services sector in the United Kingdom (UK) because it threatens to sever access to the single market in the European Union (EU). Recognising this, the City of London’s largest financial firms and main representative bodies supported a Remain vote in the June 2016 referendum, and subsequently lobbied for a ‘soft’ Brexit policy to preserve the City’s lucrative passporting r…
Central Bank Reform and the Politics of Blame Avoidance in the UK
Following the financial crisis, the UK central bank gained important new prudential powers for upholding financial stability. Yet the reforms diverged significantly from the government’s original plans and arguably produced a suboptimal institutional design. Drawing on theories of blame avoidance, we argue that the changes were motivated primarily by the need to manage reputational risk. Prior to the 2010 election, the two main parties tried to d…
The Brexit Negotiations and Financial Services
This paper examines the state of the art of the Brexit negotiations in the area of financial services. It uses a two‐level game model to first explain the positions of UK and EU negotiators on the basis of the domestic constraints they face, and second, to consider the scope for final agreement based on the ‘win‐set’ of both sides. The paper analyses the preferences and power of three main groups of players within the UK and EU : the political au…
The structural-informational power of business
This paper seeks to provide a better understanding of why business power varies over time and between firms. It assumes that business influence derives from firms’ ability to send credible information signals about policy costs, causing policy makers to amend proposals. This ‘structural-informational’ power is mediated by two factors. First, the structure of the policy process enables policy makers to assess the credibility of industry claims thr…
Reputational leadership and preference similarity
This article contributes to our understanding of the formation of policy networks. Research suggests that organisations collaborate with those that are perceived to be influential in order to access scarce political resources. Other studies show that organisations prefer to interact with those that share core policy beliefs on the basis of trust. This article seeks to develop new analytical tools for testing these alternative hypotheses. First, i…
Brexit and the political economy of euro-denominated clearing
The decision by the United Kingdom (UK) to withdraw from the European Union (EU) has reignited tensions around the clearing of euro-denominated derivatives. Yet, the EU has resisted concerted pressure from several member states and the European Central Bank (ECB) to force the relocation of euro clearing away from London. Instead, it has opted to strengthen the supervision of EU and non-EU Central Counterparties (CCPs), leaving the derecognition o…
Why does the United Kingdom (UK) have inconsistent preferences on financial regulation? The case of banking and capital markets
What explains national preferences concerning international and regional financial regulation? This article focusses on one of the main financial jurisdictions worldwide, the United Kingdom (UK). It is puzzling that since the crisis this jurisdiction has pursued stringent harmonised regulation in certain areas (banking), but not others (capital markets). We explain this in terms of how the demands of powerful economic interests are mediated by th…
Preferences, Preference Formation and Position Taking in a Eurozone Out
In the literature on member state position-taking in the eurozone crisis, the debate has mainly centred on whether national preferences are shaped exclusively within the domestic setting or influenced by shared EU-level norms or interaction within EU institutions. This article goes beyond this discussion. Drawing on original data collected by the authors, it uses the UK’s experience to test the claims both of society-centred approaches, including…
The internationalization of European financial networks
Regulatory initiatives are frequently shaped by the ability of the financial industry to build alliances across the wider business community. Yet comparative and international political economy scholarship remains divided over how to explain the resulting networks of financial lobbying. Using quantitative text analysis of 1300 responses to EU financial regulatory consultations between 2010 and 2018, we map patterns of lobbying coordination based …
Can’t get no learning
This is the final version. Available on open access from Taylor & Francis via the DOI in this record
Political science (31 works) · Economics (29 works) · Politics (22 works) · Law (21 works) · Law (21 works) · European union (15 works) · Political economy (15 works) · Finance (14 works) · Global Financial Regulation and Crises (13 works) · Government (linguistics (12 works)