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Title The European Union and Global Financial Regulation
Author Lucia Quaglia
Publisher OUP Oxford
Release 2014-06-26
Category Political Science
Total Pages 208
ISBN 0191512532
Language English, Spanish, and French
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Book Summary:

The European Union and Global Financial Regulation examines the influence of the European Union (EU) in regulating global finance, addressing several inter-related questions. Why does the EU 'upload' international financial regulation in some cases, 'download' it in other cases, and 'cross-load' either actively or passively in other instances? Has this changed over time, especially after the third stage of Economic and Monetary Union and the completion of the single financial market, or after the global financial crisis? Under what conditions is the EU more or less likely to upload, download or cross load rules? Through which mechanisms does this take place? Overall, does the EU act as a pace setter in regulating global finance, or is it mainly a follower? Why? The key explanatory variable used in this research is the concept of 'regulatory capacity', applied to the EU and the US, distinguishing between 'strong' and 'weak' regulatory capacity. The influence of the EU in global financial regulation depends on the combinations of EU and US regulatory capacities. When EU regulatory capacity is weak and US regulatory capacity is strong, the US will mainly upload its domestic rules internationally and/or actively cross load them to the EU, whereas the EU will mainly download international rules. When the EU regulatory capacity is strong and US regulatory capacity is weak, the EU is able to upload its rules internationally and/or actively cross load them to third countries. When the EU and the US regulatory capacities are weak, private sector governance prevails. When the EU and US regulatory capacities are strong, both jurisdictions seek to upload and cross load their domestic rules.

Title Financial Regulation in the European Union After the Crisis
Author Domenica Tropeano
Publisher Routledge
Release 2019-12-12
Category
Total Pages 174
ISBN 9780367878306
Language English, Spanish, and French
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Book Summary:

In the wake of the financial crisis, new regulatory measures were introduced which, along with changes in monetary and macroeconomic policy, have transformed the global financial structure. However, this new financial structure displays various fragilities. A new shadow banking system has grown both inside and outside the traditional banks and the divergence between core and periphery countries' banks has increased further due to both the new regulations and the European Central Bank's very peculiar interventions. Following Minsky's approach, this volume explores the interplay between monetary policy, regulation and institutions in the aftermath of the great financial crisis. Minsky's insights are used to interpret the recent regulatory changes and consider how they have affected the evolution of banks and financial markets. The unfortunate conclusion is that the changes in financial regulation introduced in various jurisdictions and inspired by the work of the Basel Committee, have not succeeded in thwarting the instability of the economic system. Instead, the mix of policies implemented so far has brought about increased fragility in the financial system. Minksy's work on financial stability offers alternative solutions which policy-makers need to consider to resolve these issues. Financial Regulation in the European Union After the Crisis is an important volume for those who study political economy, banking and monetary economics.

Off the Target by Muhammad Ali Nasir

Title Off the Target
Author Muhammad Ali Nasir
Publisher Springer Nature
Release 2021-11-23
Category Political Science
Total Pages 316
ISBN 3030881857
Language English, Spanish, and French
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Book Summary:

This book describes the history of European integration and the Eurozone, before presenting ways in which the European Union can move forward. Charting integration from before the Second World War, the foundations of the Eurozone are examined to provide insight into the challenges faced by the European Union, including the Global Financial Crisis, over recent decades. The impact of TARGET2 and the European Monetary System are also discussed. This book aims to highlight ways that current challenges to European integration, such as the COVID-19 crisis, environmental degradation, and fiscal debt, can be overcome to promote economic growth and social advancement. It will be relevant to students, researchers, and policymakers interested in the political economy and European economic policy.

Title The EU and the Global Financial Crisis
Author Christian Schweiger
Publisher Edward Elgar Publishing
Release 2014-05-30
Category Political Science
Total Pages 224
ISBN 1781003890
Language English, Spanish, and French
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Book Summary:

This authoritative book offers a complete breakdown of the EUês political economy in the wake of the global financial crisis and will therefore appeal to students of European politics, international political economy and European studies, as well as po

Title The European Union After the Crisis
Author Hugo Radice
Publisher Routledge
Release 2017-10-02
Category Political Science
Total Pages 112
ISBN 1317495624
Language English, Spanish, and French
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Book Summary:

The global financial and economic crisis struck the European Union and its member states with particular force from 2009 onwards. The immediate problem was the knock-on effects of the crisis on each country’s public finances. Bank bail-outs imposed a massive increase in sovereign debt on member states, while the economic recession unavoidably led to ballooning budget deficits via the usual mechanisms of reduced taxes and increased welfare spending. Subsequently, the Eurozone sovereign debt crisis exposed the hidden weaknesses in the monetary and financial arrangements that had accompanied the launch of the Euro; the severe economic imbalance between member states, rooted in longer-term structural divergences, and the inadequate institutional mechanisms for resolving these difficulties. This book originated from an EU-funded international research network on "Systemic Risks, Financial Crises and Credit: the Roots, Dynamics and Consequences of the Sub-Prime Crisis". Contributions explore and evaluate some of the ways in which the institutions and policies of the European Union and its member states have changed in response to the problems brought about by the crisis. This book was originally published as a special issue of the Journal of Contemporary European Studies.

Title Europe s Place in Global Financial Governance after the Crisis
Author Daniel Mügge
Publisher Routledge
Release 2016-03-31
Category Political Science
Total Pages 128
ISBN 1317621794
Language English, Spanish, and French
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Book Summary:

In the years leading up the global financial crisis, the European Union (EU) had emerged as a central actor in global financial governance, almost rivalling the United States in influence. While the USA and the EU continue to dominate financial rule setting in the post-crisis world, the context in which they do so has changed dramatically. Pre-crisis ideas about laissez-faire regulation have been discarded in favour of more interventionist ones. The G20 and the Financial Stability Board have been charged with stronger coordination of global efforts. At the same time, jurisdictions have re-emphasized the need "to get their own regulatory house in order" before committing to further global harmonization. And through banks failures and massive bail-outs, the financial sector – hitherto a driving force behind the cross-border integration of finance – has been reconfigured. This book asks a straightforward question: what have these and other key post-crisis trends in global finance done to the position that the European Union occupies in it? The contributions to this book analyse the link between financial governance in the European Union and on the global level from diverse theoretical angles, and they cover the main issues that will shape the future European role on the global regulatory stage. This book was published as a special issue of the Journal of European Public Policy.

Title A Global Perspective on the European Economic Crisis
Author Bruno Dallago
Publisher Routledge
Release 2020-10-12
Category Business & Economics
Total Pages 278
ISBN 1317281160
Language English, Spanish, and French
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Book Summary:

The financial and economic crisis in Europe is not over, and the radically opposing strategies on how to proceed has only increased the complexity of problems in the region, revealing the shortcomings of the EU’s architecture. The European Union, perhaps for the first time in its history of more than seventy years, is being perceived as a threat to the financial and monetary stability of the world. A Global Perspective on the European Economic Crisis explores the connection between internal EU actions and institutions and the external factors that influence the ongoing response to the European crisis. With a unique collection of international and interdisciplinary essays, this book considers the complex macroeconomic and challenging political landscape of Europe, looking at how and why the European Union is untenable in its current state. The chapters outline what should be done to make the common currency area more resilient, and explain why external events are particularly problematic for the EU, ultimately offering suggestions for what Europeans should do in order to avoid harmful internal consequences. This volume confronts the causes of the crisis’ persistence, its economic and political consequences, and the impact of more recent events and policy decisions. It will be of interest to researchers and policy-makers keen to understand the EU relations and the influence of international organizations in the European economic crisis.

Title The European Union and the Global Financial Crisis
Author Graeme Baber
Publisher Nova Science Publishers
Release 2016
Category Financial institutions
Total Pages 440
ISBN 9781634852388
Language English, Spanish, and French
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Book Summary:

Europe in Crisis by Leila Simona Talani

Title Europe in Crisis
Author Leila Simona Talani
Publisher Springer
Release 2016-10-06
Category Business & Economics
Total Pages 224
ISBN 113757707X
Language English, Spanish, and French
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Book Summary:

With contributions from a range of expert scholars in European economics, politics and social policy, this edited collection analyses the crisis in Europe by exploring the structural asymmetries of the Economic and Monetary Union (EMU) and European monetary integration. Structured in two parts, the chapters in this book discuss the impact of the global financial crisis on the Euro area; the failed implementation of the Lisbon Strategy; wage imbalances in the European labour market; the development of EU financial regulation; the Greek debt crisis; and the relationship between Italy and the EMU. The conclusion to the book puts forward a potential way out of the European crisis and argues that the correct measures, thus far, have not been taken to bolster financial stability. In Europe in Crisis, Talani and her contributors aim to identify the impact of the crisis on the future of the EMU and the EU project as a whole.

Title Legal Challenges in the Global Financial Crisis
Author Wolf-Georg Ringe
Publisher Bloomsbury Publishing
Release 2014-11-01
Category Law
Total Pages 288
ISBN 1782252576
Language English, Spanish, and French
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Book Summary:

The global financial and economic crisis which started in 2008 has had devastating effects around the globe. It has caused a rethinking in different areas of law, and posed new challenges to regulators and private actors alike. One of the emerging issues is the apparent eclipse of boundaries between different legal disciplines: financial and corporate lawyers have to learn how public law instruments can complement their traditional governance tools; conversely, public lawyers have had to come to understand the specificities of the financial markets they intend to regulate.While commentary on financial regulation and the global financial crisis abounds, it tends to remain within disciplinary boundaries. This volume not only brings together scholarship from different areas of law (constitutional and administrative law, EU law, financial law and regulation), but also from a variety of backgrounds (academia, practice, policy-making) and a number of different jurisdictions.The volume illustrates how interdisciplinary scholarship belongs at the centre of any discussion of the economic crisis, and indeed regulation theory more generally. This is a timely exploration of cutting-edge issues of financial regulation.