Tag Archives: regulation

Corporate Governance — for the society and the environment

Our societies are all scarred by Milton Friedman’s creed that “the social responsibility of business is to increase its profits”; our economies are all wounded by corporations’ obsessive pursuit for short-term profit maximization; regrettably, we all pay the price of dodgy and excessive corporate … Continue reading

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Fed with credit: financial “liberalization”, deregulation and the role of credit in Iceland’s collapse

Beginning in the 1990s, Iceland embarked on a major “liberalization” policy, privatizing its financial sector and reorganizing regulation. The resulting highly concentrated banking sector refocused on investment banking and international operations, while businesses, consumers and the finance industry itself borrowed … Continue reading

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The political origins of the banking regulation and the international cooperation at the Federal Reserve and the European Central Bank

Neither the U.S. Federal Reserve nor the European Central Bank was created as a banking supervisory institution. Each has evolved into its current role, yet for different reasons. In “The Foundations Of Regulatory Convergence And Divergence Between The Federal Reserve And … Continue reading

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Is ‘regulatory capture’ as powerful and unpreventable as the informed consensus suggests?

Regulatory capture happens when a regulatory agency, formed to act in the public’s interest, eventually acts in ways that benefit the industry it is supposed to be regulating, rather than the public. When regulations (or lack thereof) seem to detract … Continue reading

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Why after three decades of economic reforms in Latin America labor laws remained rigidly protective and remarkably diverse?

Continuity Despite Change: The Politics of Labor Regulation in Latin America shows that after three decades of economic reforms labor laws have changed far less than many expected and remained both rigidly protective and remarkably diverse. Why? In this very … Continue reading

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Why the Federal Reserve Failed to See the 2008 Financial Crisis: The Role of “Macroeconomics” as a Sensemaking and Cultural Frame

In this very interesting and enlightening paper by Neil Fligstein, Jonah Stuart Brundage & Michael Schultz (University of California, Berkeley), they tackle one of the puzzles about the crisis of 2008: why the regulators were so slow to recognize the … Continue reading

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“Governance across Borders: Transnational Fields and Transversal Themes”

What is global and what is local in contemporary capitalism? What makes markets tick? How can we regulate finance? Who owns knowledge? What makes expertise? How can we protect the environment and fight poverty? Governance across Borders: Transnational Fields and … Continue reading

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“Seeing, Knowing, and Regulating Financial Markets: Moving the Cognitive Framework from the Economic to the Social”

This (open access) interesing and comprehensive paper by Julia Black (LSE), argues that in order to regulate financial markets, we need a more sophisticated and realistic cognitive framework through which to analyse markets’ dynamics and on which to base their ‪regulation‬. To that … Continue reading

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Congratulations to David Levi-Faur for receiving the Award for ‪Regulatory‬ Studies Development, by the European Consortium for Political Research Group on Regulatory Governance

David Levi-Faur (Hebrew University) is the first recipient of the Award for ‪Regulatory‬ Studies Development because of his successful efforts to create an academic regulatory governance community, as exemplified by his initiative to co-found the ECPR Standing Group on Regulation and … Continue reading

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Financialization, New Investment Funds, and Labour: An International Comparison

Financialization, New Investment Funds, and Labour: An International Comparison provides a comprehensive analysis of the development of New Investment Funds —private equity, hedge funds, and sovereign wealth funds—and their impact upon labour and employment. Several countries are selected for in-depth treatment: US, UK, … Continue reading

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