LEADER 03808nam 2200565Ia 450 001 9910298521003321 005 20200520144314.0 010 $a3-658-00983-7 024 7 $a10.1007/978-3-658-00983-0 035 $a(CKB)2670000000388629 035 $a(EBL)1317490 035 $a(SSID)ssj0000928858 035 $a(PQKBManifestationID)11589189 035 $a(PQKBTitleCode)TC0000928858 035 $a(PQKBWorkID)10909690 035 $a(PQKB)11602309 035 $a(MiAaPQ)EBC1317490 035 $a(DE-He213)978-3-658-00983-0 035 $a(PPN)187683417 035 $a(EXLCZ)992670000000388629 100 $a20130705d2014 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFinancial stability policy in the Euro Zone $ethe political economy of national banking regulation in an integrating monetary union /$fGundbert Scherf 205 $a1st ed. 2014. 210 $aWiesbaden ;$aNew York $cSpringer$dc2014 215 $a1 online resource (273 p.) 300 $aOriginally presented as the author's doctoral thesis--Freie Universitat Berlin, 2012. 311 $a3-658-04213-3 311 $a3-658-00982-9 320 $aIncludes bibliographical references. 327 $aA 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. 330 $aBanking 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.     Contents ·         Varieties of financial systems and regulatory preferences ·         Banking regulation in an integrating financial market ·         Interaction of banking supervision and monetary policy ·         Time consistency problems in supervisory policy      Target Groups ·         Researchers and students in the fields of economics, political economy, and finance interested in financial systems, regulation and supervisory policy ·         Central bankers, regulators, and executives in banking and finance    The Author Dr. Gundbert Scherf wrote his dissertation under the supervision of Prof. Dr. Henrik Enderlein, Chair of Political Economy, at the Freie Universität Berlin. 606 $aBanks and banking, Central$zEuropean Union countries 606 $aMonetary unions$zEuropean Union countries 607 $aEurozone 615 0$aBanks and banking, Central 615 0$aMonetary unions 676 $a339.5094 700 $aScherf$b Gundbert$01061638 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910298521003321 996 $aFinancial Stability Policy in the Euro Zone$92519418 997 $aUNINA