Explaining the EU’s Uneven Influence Across the International Regime Complex in Shadow Banking
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | https://doi.org/10.17645/pag.v11i2.6272 |
Resumo: | This article shows that the EU has exerted uneven influence within the global regime complex in shadow banking. Why? We seek to explain the variation in the EU’s ability to exert influence across different elemental regimes—those on hedge funds and securitization—in the broader regime complex over time. In hedge funds regulation, the EU has pursued more stringent international rules, to no avail. In securitization, the EU has been more successful in promoting more lenient regulation at the international level. We focus on the EU’s internal cohesiveness (which can change over time) as the key explanatory variable. |
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Explaining the EU’s Uneven Influence Across the International Regime Complex in Shadow BankingBank of England; EU cohesiveness; European Central Bank; finance; hedge funds; international regime complexity; securitization; shadow bankingThis article shows that the EU has exerted uneven influence within the global regime complex in shadow banking. Why? We seek to explain the variation in the EU’s ability to exert influence across different elemental regimes—those on hedge funds and securitization—in the broader regime complex over time. In hedge funds regulation, the EU has pursued more stringent international rules, to no avail. In securitization, the EU has been more successful in promoting more lenient regulation at the international level. We focus on the EU’s internal cohesiveness (which can change over time) as the key explanatory variable.Cogitatio Press2023-04-26info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://doi.org/10.17645/pag.v11i2.6272https://doi.org/10.17645/pag.v11i2.6272Politics and Governance; Vol 11, No 2 (2023): The European Union and International Regime Complexes; 6-162183-2463reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAPenghttps://www.cogitatiopress.com/politicsandgovernance/article/view/6272https://www.cogitatiopress.com/politicsandgovernance/article/view/6272/6272Copyright (c) 2023 Lucia Quaglia, Aneta Spendzharovainfo:eu-repo/semantics/openAccessQuaglia, LuciaSpendzharova, Aneta2023-06-29T15:15:17Zoai:ojs.cogitatiopress.com:article/6272Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:50:18.339956Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Explaining the EU’s Uneven Influence Across the International Regime Complex in Shadow Banking |
title |
Explaining the EU’s Uneven Influence Across the International Regime Complex in Shadow Banking |
spellingShingle |
Explaining the EU’s Uneven Influence Across the International Regime Complex in Shadow Banking Quaglia, Lucia Bank of England; EU cohesiveness; European Central Bank; finance; hedge funds; international regime complexity; securitization; shadow banking |
title_short |
Explaining the EU’s Uneven Influence Across the International Regime Complex in Shadow Banking |
title_full |
Explaining the EU’s Uneven Influence Across the International Regime Complex in Shadow Banking |
title_fullStr |
Explaining the EU’s Uneven Influence Across the International Regime Complex in Shadow Banking |
title_full_unstemmed |
Explaining the EU’s Uneven Influence Across the International Regime Complex in Shadow Banking |
title_sort |
Explaining the EU’s Uneven Influence Across the International Regime Complex in Shadow Banking |
author |
Quaglia, Lucia |
author_facet |
Quaglia, Lucia Spendzharova, Aneta |
author_role |
author |
author2 |
Spendzharova, Aneta |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Quaglia, Lucia Spendzharova, Aneta |
dc.subject.por.fl_str_mv |
Bank of England; EU cohesiveness; European Central Bank; finance; hedge funds; international regime complexity; securitization; shadow banking |
topic |
Bank of England; EU cohesiveness; European Central Bank; finance; hedge funds; international regime complexity; securitization; shadow banking |
description |
This article shows that the EU has exerted uneven influence within the global regime complex in shadow banking. Why? We seek to explain the variation in the EU’s ability to exert influence across different elemental regimes—those on hedge funds and securitization—in the broader regime complex over time. In hedge funds regulation, the EU has pursued more stringent international rules, to no avail. In securitization, the EU has been more successful in promoting more lenient regulation at the international level. We focus on the EU’s internal cohesiveness (which can change over time) as the key explanatory variable. |
publishDate |
2023 |
dc.date.none.fl_str_mv |
2023-04-26 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://doi.org/10.17645/pag.v11i2.6272 https://doi.org/10.17645/pag.v11i2.6272 |
url |
https://doi.org/10.17645/pag.v11i2.6272 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://www.cogitatiopress.com/politicsandgovernance/article/view/6272 https://www.cogitatiopress.com/politicsandgovernance/article/view/6272/6272 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2023 Lucia Quaglia, Aneta Spendzharova info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2023 Lucia Quaglia, Aneta Spendzharova |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Cogitatio Press |
publisher.none.fl_str_mv |
Cogitatio Press |
dc.source.none.fl_str_mv |
Politics and Governance; Vol 11, No 2 (2023): The European Union and International Regime Complexes; 6-16 2183-2463 reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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