FINANCIAL REGULATORS AND MACROPRUDENTIAL POLICY

• Main Author: JAMES, WALTER
• Format: Electronic eBook
• Language: English
• Published: [S.l.] : ROUTLEDGE, 2026.
• Series: Routledge critical studies in finance and stability
• Subjects: Finance > Government policy > United States.; Finance > Government policy > Japan.; elektronické knihy; electronic books
• ISBN: 9781040430736; 1040430732; 9781003592914; 1003592910; 9781040430699; 1040430694; 1032972505; 9781032972503
• Physical Description: 1 online resource
• Access: Plný text je dostupný pouze z IP adres počítačů Univerzity Tomáše Bati ve Zlíně nebo vzdáleným přístupem pro zaměstnance a studenty

The 2008 global financial crisis was a rude awakening for financial regulators. In its wake, a novel approach called "macroprudential policy" became an important pillar of financial regulation to ensure the stability of the financial system. But in the decade after the crisis, financial regulators in different countries implemented macroprudential policies that varied widely in their stringency. This is a worrying gap since uneven regulation across borders and different financial sectors was a key driver of the 2008 crisis. What explains these crosscountry, crosssectoral, and temporal variations in macroprudential policy? This book answers this question through an indepth comparative historical analysis of the banking and asset management sectors in the United States and Japan. By comparing two sectors of the financial industry in two diverse economies, we can observe consistent dynamics in the politics of regulatory reform that illuminate the causes of different policy stringencies.The subject matter of this book will appeal to researchers and students of finance, financial regulation, political economy, and the politics of regulation. Its theoretical and methodological underpinnings will be of interest to scholars of comparative politics, comparative sociology, historical institutionalism, and those interested in interviewbased qualitative methods.