Finance and the macroeconomy
The politics of regulatory reform in Europe
Bibliographic Data
| ID | 7880474 |
|---|---|
| Authors | Sofia A Pérez (0000-0002-7679-8819), Sofía Pérez (0000-0002-3294-9662), Jonathan Westrup |
| Year | 2010 |
| Volume | 17 |
| Issue | 8 |
| Pages | 1171-1192 |
| Publication date | 2010-12-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of European Public Policy (JOURNAL) |
| Journal identifiers | ISSN: 1350-1763 • E-ISSN: 1466-4429 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/13501763.2010.513568 |
| OpenAlex | W2134956144 |
| Language | EN |
| Citations received | 5 |
| References cited | 30 |
This article analyses major changes in the regulation of the financial sector across Europe over the last three decades. The authors explain the timing of major regulatory variation in regulatory outcomes across five countries (Britain, France, Germany, Italy and Spain) in terms of political calculations on the part of elected élites that involve the relationship of financial regulation to other policy areas (including monetary policy and pension reform). The first countries to initiate major regulatory overhauls in Europe were those in which postwar regulatory institutions raised the costs to elected governments of imposing monetary austerity in the 1970s. On the other hand, the move to create single, politically accountable financial regulators in Britain and Germany over the following decades is related by the authors to the more radical effort to promote private savings at the expense of mandatory pensions in these two countries
Economics · Financial system · Market economy · Political economy · Political science · Politics · Regulatory reform · Banking stability, regulation, efficiency · Global Financial Regulation and Crises · Housing, Finance, and Neoliberalism · Law · Finance
The domestic sources and power dynamics of regulatory networks
The role of banks and the state in the shaping of the French fund industry
Governance as Polity
The Europeanisation of Macroeconomic Policies and Financial Regulation in Italy
Redesigning financial supervision in the European Union (2009–2013)
The Politics of the Financial Services Revolution
The British Regulatory State
The Impact of the International Economy on National Policies
Governing the economy
Governments, Markets, and Growth
The Retreat of the State
Varieties of Capitalism
Monetary Policy and Credit Control
International Capital Mobility and Domestic Institutions
The Obsolescence of Capital Controls
The Politics of Financial Regulatory Reform in Britain and Germany
Convergence Within National Diversity
The revival of the nation-state? Stock exchange regulation in an era of globalized financial markets
Systemic Explanations, Divergent Outcomes
The International Politics of Harmonization
The ‘Little Big Bang’ in Paris
Increasing Returns, Path Dependence, and the Study of Politics
Privatizing Risk without Privatizing the Welfare State
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,29 |
| Citation span | 2009 - 2019 (11) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |