Introduction

Jan Monkiewicz

A chapter in Macroprudential Supervision in Insurance, 2014, pp 1-17 from Palgrave Macmillan

Abstract: Abstract A characteristic feature of the current socio-economic reality is the everexpanding role of the state in the regulatory arena. This has gone so far as to give a ground for the observation that we are witnessing today the rise of the new model of the state. In contrast to its former “positive” version it is now referred to as a “regulatory state” (Majone, 1997; Surdej, 2006). The contemporary state is no longer substantially involved into the direct economic activities, but does have increasing involvement with indirect economic activities. It has undoubtedly turned into an ever-growing regulatory machine. It is estimated, for example, that the United States of America (US) federal agencies alone issue between 3,000 and 4,000 final rules each year. (Copeland, 2011, p. 3)

Keywords: European Union; Central Bank; Financial System; International Monetary Fund; Systemic Risk (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-43910-9_1

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DOI: 10.1057/9781137439109_1

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