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Explaining the EU's Uneven Influence Across the International Regime Complex in Shadow Banking
[journal article]
Abstract
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 ov... view more
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.... view less
Keywords
European Central Bank; finance; EU; European cooperation; international regime; legal provision
Classification
European Politics
Economic Policy
Free Keywords
Bank of England; EU cohesiveness; hedge funds; international regime complexity; securitization; shadow banking
Document language
English
Publication Year
2023
Page/Pages
p. 6-16
Journal
Politics and Governance, 11 (2023) 2
Issue topic
The European Union and International Regime Complexes
ISSN
2183-2463
Status
Published Version; peer reviewed