Article2013

REGULATORY OPPORTUNISM: CROSS‐NATIONAL PATTERNS IN NATIONAL BANKING REGULATORY RESPONSES FOLLOWING THE GLOBAL FINANCIAL CRISIS

56 citations0/0 files storedPublic Administration

No readable copy stored yet — this record is metadata only.

Global Financial Regulation and Crises Banking stability, regulation, efficiency Housing, Finance, and Neoliberalism

Abstract

The variation in national regulatory responses to the recent global financial crisis has been considerable. This article explores this variation using new data on conditions in 30 different OECD countries between 2009 and 2012. Using a mixed‐method approach which employs both fuzzy‐set qualitative comparative analysis and logistic regression, we test a number of hypotheses regarding regulatory response patterns in the banking sector. Our findings suggest that while state intervention during the financial crisis was a necessary condition for a significant regulatory response, ‘financialization’, operationalized here as the structural dominance of the financial sector in the economy, plays a more important role. We show that financialization is both a sufficient condition and a good predictor of a significant regulatory response, and point to possible causal explanations for this surprising pattern.

Citations in this library

Stored only when both papers are in the corpus — 56 citations exist upstream.

References

1985Agendas, Alternatives, and Public Policies 2005Understanding Interaction Models: Improving Empirical Analyses 2008Redesigning Social Inquiry 2001An Introduction to Varieties of Capitalism 2001Fuzzy-Set Social Science 2005The financialization of the American economy 2005Financialization and the World Economy 1994The rise of the regulatory state in Europe

Cited by

2018The professional politics of the austerity debate: A comparative field analysis of the European Central Bank and the International Monetary Fund 2020The global financial crisis, the EMU sovereign debt crisis and international financial regulation: lessons from a systematic literature review 2015Not by structure alone: power, prominence, and agency in American finance 2017Tipping the (Im)balance: Capital inflows, financial market structure, and banking crises 2013Transnational Veto Players and the Practice of Financial Reform 2020Investigating total entrepreneurial activity and entrepreneurial intention in Africa regions using fuzzy-set qualitative comparative analysis (fsQCA)

Imported from OpenAlex (CC0) — nothing here is generated.