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The EU and financial regulation

Power Without Purpose

Bibliographic Data

ID6289752
AuthorsElliot Posner (0000-0002-7178-6528), Nicolas Véron
Year2010
Volume17
Issue3
Pages400-415
Publication date2010-04-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueJournal of European Public Policy (JOURNAL)
Journal identifiersISSN: 1350-1763 • E-ISSN: 1466-4429
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/13501761003661950
OpenAlexW2066493611
LanguageEN
Citations received50
References cited38

If the European Union (EU) has been an effective bulwark against ad hoc globalization in any economic domain, we may well find evidence from finance, the engine of cross-border economic activity. Yet our study revealed little indication of a distinctive EU approach for regulating financial services industries. Our findings suggest that European decision-makers tried mainly to secure full market integration inside the EU rather than shape regulation to meet a common public purpose, whether at the EU or global level. The policy framework adopted by the EU was essentially modeled on pre-existing United States (US) examples, and does not reflect a transatlantic difference in underlying values. We put forth several hypotheses about why the EU did not seek to manage globalization in the financial services area

Business · Economic policy · Economics · European union · Financial regulation · Financial system · Political science · Power (physics · Banking stability, regulation, efficiency · European Union Policy and Governance · Global Financial Regulation and Crises · Finance

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Unique citing works50
Citations per year3,13
Citation span2010 - 2026 (17)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 50

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