Financial stability policy in the Euro zone, the political economy of national banking regulation in an integrating monetary union, Gundbert Scherf ; foreword by Henrik Enderlein
Type
Label
Financial stability policy in the Euro zone, the political economy of national banking regulation in an integrating monetary union, Gundbert Scherf ; foreword by Henrik Enderlein
Language
eng
Bibliography note
Includes bibliographical references (pages 239-256)
resource.dissertationNote
Diss.-- Freie Universität Berlin, 2012.
Illustrations
illustrations
Index
no index present
Literary Form
non fiction
Main title
Financial stability policy in the Euro zone
Nature of contents
bibliographytheses
Oclc number
856013927
Responsibility statement
Gundbert Scherf ; foreword by Henrik Enderlein
Sub title
the political economy of national banking regulation in an integrating monetary union
Summary
Banking regulation is an economically powerful and politically very salient instrument of economic policy. After all, the financial crisis had derived from an over-leveraged banking system obviating the importance of banking regulation for the functioning of regulatory capitalism. Gundbert Scherf's research focuses on this nexus between integrated banking, supranational monetary policy and national banking regulation. He finds that national level differences in financial systems and related institutions explain and drive variation in regulatory financial stability policy across countries. Applying game-theoretical rigor to political economy interactions, Gundbert Scherf develops a model of time-inconsistent supervisory policy as well as international competition in regulatory standards. He shows how these patterns lead to financial instability, by analyzing the original members of the Euro Zone as well as the US and the UK in the years leading up to the financial crisis of 2007/8 --, Provided by Publisher
Creator
Subject
Content
Mapped to
Incoming Resources
- Has instance1