Banking Regulation and Globalization (Hardcover)

Andreas Busch

ISBN 10: 0199218811 / ISBN 13: 9780199218813

Published by Oxford University Press, Oxford, 2008

About this Item

Hardcover. Does globalization erode the nation state's capacity to act? Are nation states forced to change their policies even if this goes against the democratic will of their electorates? How does government action change under conditions of globalization? Questions like these have not only featured highly in political debates in recent years, but also in academic discourse. This book seeks to contribute to that debate. The general question it addresses is whetherglobalization leads to policy convergence -- a central, but contested topic in the debate, as theoretical arguments can be advanced both in favour of and against the likelihood of such a development. Morespecifically, the book contains detailed empirical case studies of four countries (the United States, the United Kingdom, Germany, and Switzerland) in a policy area where state action has been particularly challenged by the emergence of world-wide, around-the-clock financial markets in the last few decades, namely that of the regulation and supervision of the banking industry.Based on careful analysis of historical developments, specific challenges, the character of policy networksand institutions, and their interaction in the political process, this book argues that nation states still possess considerable room for manouevre in pursuing their policies. Even if they choosesupranational coordination and cooperation, their national institutional configurations still function as filters in the globalization process.This book is of particular value to readers interested in the politics and policies of globalization, the interaction of business communities and the political system in different countries, and students of comparative politics interested in detailed case studies of policy-making. This book contains detailed case studies on banking policy in 4 countries (the United States, the United Kingdom, Germany, and Switzerland). The main contribution of this book lies in a careful empirical study of a subject area most affected by the globalisation of financial markets, namely the state regulation of the banking industry. This item is printed on demand. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability.

Seller Inventory # 9780199218813

Bibliographic Details

• Title: Banking Regulation and Globalization (Hardcover)
• Publisher: Oxford University Press, Oxford
• Publication Date: 2008
• Language: English
• ISBN 10: 0199218811
• ISBN 13: 9780199218813
• Binding: Hardcover
• Condition: new

About this title

Synopsis

Does globalization erode the nation state's capacity to act? Are nation states forced to change their policies even if this goes against the democratic will of their electorates? How does government action change under conditions of globalization? Questions like these have not only featured highly in political debates in recent years, but also in academic discourse. This book seeks to contribute to that debate. The general question it addresses is whether globalization leads to policy convergence -- a central, but contested topic in the debate, as theoretical arguments can be advanced both in favour of and against the likelihood of such a development. More specifically, the book contains detailed empirical case studies of four countries (the United States, the United Kingdom, Germany, and Switzerland) in a policy area where state action has been particularly challenged by the emergence of world-wide, around-the-clock financial markets in the last few decades, namely that of the regulation and supervision of the banking industry.

Based on careful analysis of historical developments, specific challenges, the character of policy networks and institutions, and their interaction in the political process, this book argues that nation states still possess considerable room for manouevre in pursuing their policies. Even if they choose supranational coordination and cooperation, their national institutional configurations still function as filters in the globalization process.

This book is of particular value to readers interested in the politics and policies of globalization, the interaction of business communities and the political system in different countries, and students of comparative politics interested in detailed case studies of policy-making.

About the Author

Andreas Busch holds a doctorate and a Habilitation in political science from the University of Heidelberg, where he also was Assistant Professor from 1993 to 2000. In 1997/98 he was John F. Kennedy Memorial Fellow at the Center for European Studies of Harvard University. He is Reader in European Politics in the Department of Politics and International Relations of Oxford University and a Fellow of Hertford College.