Dilemmas in post-crisis bank regulation: Supranationalization versus retrenchment
Rachel A Epstein and
Journal of Banking Regulation, 2016, vol. 17, issue 1-2, 1-3
The US financial crisis that started in 2007 ultimately had global reach, but those countries most severely affected were the advanced industrialized states. In the United States and Europe, banks, many of which had regional or global profiles, were the source of nearly unprecedented economic instability. This special issue therefore examines the politics behind the re-regulation of banks after the crisis, focusing on the Transatlantic community. The volume finds competing impulses for enhanced international regulatory coordination on the one hand versus national retrenchment on the other. From these two dueling agendas flow three notable developments. First, despite evident functional pressures for a coordinated and global approach to bank regulation following the crisis, regional arrangements have dominated instead. Second, reduced international capital flows and bank activity were as much the result of national and regional regulatory measures as they were a function of market conditions. Third and finally, where national retrenchment has prevailed at the expense of international regulatory harmonization, we see risks for further international financial instability.
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://www.palgrave-journals.com/jbr/journal/v17/n1-2/pdf/jbr201512a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/jbr/journal/v17/n1-2/full/jbr201512a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pal:jbkreg:v:17:y:2016:i:1-2:p:1-3
Ordering information: This journal article can be ordered from
Access Statistics for this article
Journal of Banking Regulation is currently edited by Dalvinder Singh
More articles in Journal of Banking Regulation from Palgrave Macmillan
Series data maintained by Sonal Shukla ().