Financial Stability Policy in the Euro Zone

The Political Economy of National Banking Regulation in an Integrating Monetary Union
2014
ISBN: 978-3-658-00982-3
Verlag: Springer

Buch, Englisch, 256 Seiten, HC runder Rücken kaschiert, Format (B × H): 153 mm x 216 mm, Gewicht: 4602 g

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.

Zielgruppe

Research

Autoren/Hrsg.

Scherf, Gundbert

Fachgebiete

• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Volkswirtschaftslehre Europäische Union, Europa: Wirtschaft
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Internationale Finanzmärkte
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geldwirtschaft, Währungspolitik
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Internationale Finanzmärkte
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft

Inhaltsverzeichnis

A Political Economy Perspective on European Banking Regulation.- Varieties of Financial Systems and Regulatory Preferences.- Banking Regulation in an Integrating Financial Market.- Time Consistency Problems in the Interaction of Banking Supervision and Monetary Policy.

Über Autor(innen)

Scherf, Gundbert
Dr. Gundbert Scherf wrote his dissertation under Prof. Dr. Henrik Enderlein’s supervision at the Freie Universität Berlin.

Dr. Gundbert Scherfwrote his dissertation under the supervision of Prof. Dr. Henrik Enderlein, Chair of Political Economy, at the Freie Universität Berlin.