Macroprudential Policy on an Uneven Playing Field
Supranational Regulation and Domestic Politics in the EU's Dependent Market Economies
Datos Bibliográficos
| ID | 6280979 |
|---|---|
| Autores | Dóra Piroska (0000-0002-4346-8047, Department of International Relations Central European University Quellenstrasse 51‐55 Vienna 1100 Austria, autor de correspondencia), Yuliya Gorelkina (Sciences Po Paris France), J Johnson (0000-0002-7548-7111, McGill University Montreal Canada) |
| Año | 2021 |
| Volumen | 59 |
| Número | 3 |
| Páginas | 497-517 |
| Fecha de publicación | 2021-05-01 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | JCMS Journal of Common Market Studies (JOURNAL) |
| Identificadores de la revista | ISSN: 0021-9886 • E-ISSN: 1468-5965 |
| Editorial | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/jcms.13097 |
| OpenAlex | W3055273122 |
| Idioma | EN |
| Citas recibidas | 12 |
| Referencias citadas | 43 |
Central bankers and financial regulators in East Central Europe and the Balkans regularly employed macroprudential policy before the global financial crisis and continue to be among its most active proponents in the European Union. We draw upon the Dependent Market Economy framework to explore how the EU's five DMEs – the Czech Republic, Hungary, Poland, Romania, and Slovakia – have used macroprudential policy to manage the uneven distributional effects of financial globalization and European integration. We contend that while structural and EU‐specific institutional factors define the available policy space, policy choices within that space depend upon how domestic actors translate macroprudential policies into their local contexts. Overall, our analysis highlights the social impact and challenges to European integration of heavy DME reliance on macroprudential policy making, especially when motivated by domestic financial nationalism
Business · Economic policy · Economic system · Economics · Economy · European union · Financial crisis · Financial market · Financial regulation · Financial system · Globalization · International economics · Macroeconomics · Market economy · Political science · Politics · Banking stability, regulation, efficiency · Finance · Global Financial Crisis and Policies · Global Financial Regulation and Crises
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| Obras citantes distintas | 12 |
|---|---|
| Citas por año | 2,4 |
| Intervalo de citas | 2021 - 2026 (6) |
| Velocidad de citación | current |
| Altamente citado | No |
| Tipos de cita | Neutras: 12 |