Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Banking 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.

European Union countries -- Economic conditions -- 21st century. --- European Union countries -- Economic policy. --- Eurozone. --- Fiscal policy -- European Union countries. --- Monetary unions -- European Union countries. --- Economic stabilization --- Banking law --- Banks and banking --- Business & Economics --- Finance --- Banking --- Economic Theory --- Government policy --- Banks and banking, Central --- Monetary unions --- Economics. --- Management science. --- Economics, general. --- Economic theory --- Political economy --- Social sciences --- Economic man --- Quantitative business analysis --- Management --- Problem solving --- Operations research --- Statistical decision

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Following the birth of the European Monetary Union (EMU) economists are still divided in their assessment of the ability of its key institutions to provide macroeconomic stability and foster the reforms necessary to stimulate economic growth. In this collection, experts focus on issues of fiscal policy, monetary policy and labour markets and ask: Can the stability and growth pact provide an adequate framework for the conduct of national fiscal policies? Is the ECB reacting with competence and flexibility to a rapidly changing macroeconomic environment? How do national labour markets react to the macroeconomic institutions and what are the structural reforms needed in labour markets? Blending empirical and theoretical data, this book offers one of the most comprehensive surveys of research in macroeconomic policymaking within the EMU.

Monetary policy --- Fiscal policy --- Monetary unions --- AA / International- internationaal --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- 334.151.20 --- 334.151.21 --- 334.151.50 --- -Fiscal policy --- -Monetary unions --- -339.5094 --- Common currencies --- Currency areas --- Currency unions --- Optimum currency areas --- Currency question --- Money --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Monetary management --- Currency boards --- Money supply --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden. --- Europese centrale bank. ESCB. Centrale banken. --- Sociaal beleid : algemeenheden. --- Government policy --- Business, Economy and Management --- Economics --- 339.5094 --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden --- Europese centrale bank. ESCB. Centrale banken --- Sociaal beleid : algemeenheden --- Monetary policy - European Union countries --- Fiscal policy - European Union countries --- Monetary unions - European Union countries --- Politique monétaire --- Politique fiscale --- Unions monétaires

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This book presents a theoretical framework to discuss how governments coordinate budgeting decisions. There are two modes of fiscal governance conducive to greater fiscal discipline, a mode of delegation and a mode of contracts. These modes contrast with a fiefdom form of governance, in which the decision-making process is decentralized. An important insight is that the effectiveness of a given form of fiscal governance depends crucially upon the underlying political system. Delegation functions well when there are few, or no, ideological differences among government parties, whereas contracts are effective when there are many such differences. Empirically, delegation and contract states perform better than fiefdom states if they match the underlying political system. Additional chapters consider why countries have the fiscal institutions that they do, fiscal governance in Central and Eastern Europe, and the role of such institutions in the European Union.

EEC / European Union - EU -Europese Unie - Union Européenne - UE --- 336.401 --- 331.31 --- Fiscal policy --- -Finance, Public --- -Budget --- -Fiscal policy --- -339.52094 --- Budgeting --- Expenditures, Public --- Finance, Public --- Cameralistics --- Public finance --- Currency question --- Tax policy --- Taxation --- Economic policy --- Verband tussen begrotingspolitiek en economische evolutie. --- Economisch beleid. --- Forecasting --- Government policy --- Budget --- Economic policy and planning (general) --- Europe --- Business --- Welfare state --- Affaires --- Politique fiscale --- Finances publiques --- Etat providence --- European Union countries --- Pays de l'Union européenne --- Economic conditions --- Conditions économiques --- 339.52094 --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- Public finances --- Economisch beleid --- Verband tussen begrotingspolitiek en economische evolutie --- Social Sciences --- Political Science --- Fiscal policy - European Union countries --- Finance, Public - European Union countries --- Budget - European Union countries --- Fiscal policy - Europe --- Finance, Public - Europe --- Budget - Europe