The ‘Old’ and ‘New’ Political Economy of Hedge Fund Regulation in the European Union
Bibliographic Data
| ID | 8041983 |
|---|---|
| Authors | Lucia Quaglia (0000-0001-8816-0583, Max Planck Institute for the Study of Societies, corresponding author) |
| Year | 2011 |
| Volume | 34 |
| Issue | 4 |
| Pages | 665-682 |
| Publication date | 2011-06-26 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | West European Politics (JOURNAL) |
| Journal identifiers | ISSN: 0140-2382 • E-ISSN: 1743-9655 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/01402382.2011.572383 |
| OpenAlex | W2026477602 |
| Language | EN |
| Citations received | 20 |
| References cited | 27 |
This article assesses the ‘old’ and ‘new’ political economy of hedge fund regulation in the EU, explaining why the EU has decided to regulate hedge fund managers in the aftermath of the global financial crisis. A Franco-German alliance, with the support of Italy, other Mediterranean countries and some quarters of the European Parliament, has driven the EU's attempt to regulate hedge funds. The new EU rules are explained by institutionally-shaped economic interests rooted in national varieties of financial capitalism – the ‘old’ political economy of hedge fund regulation. However, ‘ideas’, in the form of competing regulatory paradigms, are instrumental in explaining why one coalition of actors has prevailed over the other in EU rule-making – the ‘new’ political economy of hedge fund regulation
Alliance · Economic policy · Economics · Economy · European union · German · German model · Hedge fund · Market economy · Parliament · Political economy · Political science · Politics · Banking stability, regulation, efficiency · Finance · Global Financial Regulation and Crises · Law · State Capitalism and Financial Governance
The Public and Its Problems
The Politics of ‘Third Country Equivalence’ in Post-Crisis Financial Services Regulation in the European Union
Internal Market
The politics of (de-)politicization and venue choice
Explaining the EU’s Uneven Influence Across the International Regime Complex in Shadow Banking
From the Maastricht Treaty to Post-crisis EMU
EU governance in crisis
Hedging its Bets
Brexit, the City and the Contingent Power of Finance
The EU in Crisis
Why does the United Kingdom (UK) have inconsistent preferences on financial regulation? The case of banking and capital markets
I. Resetting the Location of Regulatory and Supervisory Control Over Eu Financial Markets
The sources of European Union influence in international financial regulatory fora
Internal Market
Lobbying under Pressure
European capitalisms in sustainability transition
Internal Market
Stakeholder Mobilization in Financial Regulation
Financial industry mobilisation and securities markets regulation inEurope
European Union financial integration, a geography perspective
Beyond Varieties of Capitalism
Varieties of Capitalism
The Futures of European Capitalism
The Domestic Sources of Multilateral Preferences
Transnational Capitalism and the Struggle over European Integration
European Integration and the Clash of Capitalisms
Social Forces in the Making of the New European Economy
From Pragmatism to Dogmatism
Capitalist diversity and the international regulation of hedge funds
Getting Hedge Funds Regulation into the EU Agenda
Variegated neo-liberalism
Sources of Institutional Change
National Filters
Capital unbound? The transformation of European corporate governance
Bringing politics back in
The Second Time as Farce? The EU Takeover Directive, the Clash of Capitalisms and the Hamstrung Harmonization of European (and French) Corporate Governance
The EU and financial regulation
Completing the single market in financial services
Die Krise but not La Crise? The Financial Crisis and the Transformation of German and French Banking Systems
Policy Paradigms, Social Learning, and the State
| Unique citing works | 20 |
|---|---|
| Citations per year | 1,25 |
| Citation span | 2010 - 2025 (16) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 20 |