Policy Norms, the Development Finance Regime Complex, and Holding the European Bank for Reconstruction and Development to Account
Bibliographic Data
| ID | 21793006 |
|---|---|
| Authors | Susan Park (0000-0001-7932-1525, The University of Sydney, corresponding author) |
| Year | 2021 |
| Volume | 12 |
| Issue | S4 |
| Pages | 90-100 |
| Publication date | 2021-05-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Global Policy (JOURNAL) |
| Journal identifiers | ISSN: 1758-5880 • E-ISSN: 1758-5899 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1758-5899.12881 |
| OpenAlex | W3176404817 |
| Language | EN |
| Citations received | 7 |
| References cited | 19 |
Created to facilitate the transition of economies of Central and Eastern Europe towards democracy and the free market, the European Bank for Reconstruction and Development (EBRD) is a regional institution in the development finance regime complex. This article examines how the EBRD’s independent accountability mechanism (IAM) emerged and changed to demonstrate how policy norms filter through regime complexes. This is important because new ideas can change behavioural expectations and institutional practices across a complex. Tracing where the idea originated from and how it took hold is therefore central to understanding member state interests, the EBRD’s response considering its organisational preferences, and how the policy norm solidified through inter‐institutional learning. This deepens our understanding of the development finance regime complex in two ways: first, it, shows how ideas can filter through to seemingly independent institutions via member states, bureaucrats, and stakeholders. This supports the argument that the development finance regime complex is coherent with increasingly consistent rules and obligations. Second, it reminds us not to reify states; while they demanded institutional change nonstate actors influence what constitutes appropriate behaviour for development financiers
Accountability · Democracy · Economic system · Economics · Institution · Political economy · Political science · Global Financial Regulation and Crises · International Development and Aid · Law · State Capitalism and Financial Governance
The regime complex for digital trade in Asia and China’s engagement
The collective organic intellectual strikes back
Capitalizing on crises
Mandate management
Perceptions of human rights complaint mechanisms
The European Bank for Reconstruction and Development meets the state
Accountability in pan-European borrowing
Human Rights Obligations of Non-State Actors
Owning Development
Organizational Progeny
The Opening Up of International Organizations
Contested multilateralism
The Human Rights Obligations of Non-State Actors
Environmental Recourse at the Multilateral Development Banks
The Rise of International Regime Complexity
Accountability as justice for the Multilateral Development Banks? Borrower opposition and bank avoidance to US power and influence
Explaining coherence in international regime complexes
The Rise of China
Power Relations in an Embedded Institution
Origins of the European Bank for Reconstruction and Development
Legacies and innovations in global economic governance since Bretton Woods
The Regime Complex for Plant Genetic Resources
Regime Complexity and the Institutions of Crisis and Development Finance
Making the IMF and the World Bank more Accountable
| Citations per year | 2.33 |
|---|---|
| Citation span | 2023 - 2026 (4) |
| Highly cited | No |