مرحبا بكم في الفهرس الإلكتروني على الخط المباشر لمكتبة كلية العلوم الاقتصادية و التجارية و علوم التسيير بجامعة فرحات عباس سطيف1 الجزائر

Titre :	Global Financial Networked Governance : The Power of the Financial Stability Board and its Limits
Type de document :	texte imprimé
Auteurs :	Peter Knaack, Auteur
Editeur :	Routledge
Année de publication :	2023
Collection :	Global Political Economy
Importance :	214p
Format :	24cm
ISBN/ISSN/EAN :	978-1-03-226807-1
Prix :	11 008,00
Langues :	Anglais
Tags :	The Financial Stability Board, Government Network, Financial institutions,International finance.
Résumé :	Global Financial Networked Governance provides a careful analysis of the Financial Stability Board (FSB) and the standard-setters under its umbrella to show how such government networks harness the power of public reputation to herd their members into compliance. The FSB’s track record in coordinating global financial regulatory reform is uneven. Some items on its agenda have seen the rapid evolution of globally coordinated regulatory standards and their implementation by all member states, sometimes even ahead of the stipulated timelines. In contrast, other initiatives have stalled at different stages of the policymaking process, global coordination is lacking, deadlines have been missed, and it is currently unclear when the post-crisis financial reform project will come to completion, if ever. In this book, the author asks the question: why has the FSB succeeded in some areas of its global financial regulatory coordination work and not in others? The book traces the global policymaking process in three major issue areas: banking regulation (Basel III), over-the-counter (OTC) derivatives, and ending too-big-to-fail. Through a combination of careful process tracing and rigorous testing against alternative explanations, it challenges the existing literature by revealing that the institutional pathway of policymaking is the main predictor of FSB progress. It shows that government networks on their own have succeeded in implementing globally coherent safety standards. In contrast, legislation and legislators in key G20 countries have limited the power and effectiveness of the FSB. The author analyzes the causes and effects of this phenomenon and suggests a novel institutional solution to the effectiveness-legitimacy dilemma that global governance forums face, combining the advantages of functional specialization and electoral accountability. This book will be of great interest to graduate students; academics working at the intersection of economics, political science, and international law; students of the FSB in particular; and policymakers in global economic governance.
Note de contenu :	Acknowledgments 1 The Financial Stability Board – A Mixed Track Record at the Center of Global Financial Governance The Birth of the Financial Stability Board The Track Record of the FSB Overall Argument The FSB as a Government Network Contestation Within the FSB and the Power of Reputation Legislative Reluctance Method Outline of the Book 2 The Power of a Government Network – and its Limits Globalization: From Hierarchy to Network The Rise of the Regulatory State The Rise of Government Networks Legislators – Falling Behind Competing Explanations Global Governance of Climate Change and Artificial Intelligence 3 Timely Implementation and Mock Compliance With Basel III Government Network Alternative Explanations 4 OTC Derivatives The Puzzle Government Network Trans-Atlantic Coordination Failure Regulatory Fragmentation in the United States Fragmentation in Trade Reporting Alternative Explanations Conclusion 5 The Never-Ending Too-Big-To-Fail Story The Puzzle Government Network Bail-in Crisis-Management Groups and Cooperation Agreements Temporary Stay on Early Termination Rights Alternative Explanations PLAC, GLAC, TLAC – The Sound of Basel Conclusion 6 Effectiveness and Legitimacy of Government Networks Why Global Financial Governance? Effectiveness Legitimacy Democratic Legitimacy at the International Level? Stakeholder Inclusion Deliberative Equality Expert Councils – A Proposal Conclusion Bibliography Index

Global Financial Networked Governance : The Power of the Financial Stability Board and its Limits [texte imprimé] / Peter Knaack, Auteur . - New york : Routledge, 2023 . - 214p ; 24cm. - (Global Political Economy) .
ISBN : 978-1-03-226807-1 : 11 008,00
Langues : Anglais

Tags :	The Financial Stability Board, Government Network, Financial institutions,International finance.
Résumé :	Global Financial Networked Governance provides a careful analysis of the Financial Stability Board (FSB) and the standard-setters under its umbrella to show how such government networks harness the power of public reputation to herd their members into compliance. The FSB’s track record in coordinating global financial regulatory reform is uneven. Some items on its agenda have seen the rapid evolution of globally coordinated regulatory standards and their implementation by all member states, sometimes even ahead of the stipulated timelines. In contrast, other initiatives have stalled at different stages of the policymaking process, global coordination is lacking, deadlines have been missed, and it is currently unclear when the post-crisis financial reform project will come to completion, if ever. In this book, the author asks the question: why has the FSB succeeded in some areas of its global financial regulatory coordination work and not in others? The book traces the global policymaking process in three major issue areas: banking regulation (Basel III), over-the-counter (OTC) derivatives, and ending too-big-to-fail. Through a combination of careful process tracing and rigorous testing against alternative explanations, it challenges the existing literature by revealing that the institutional pathway of policymaking is the main predictor of FSB progress. It shows that government networks on their own have succeeded in implementing globally coherent safety standards. In contrast, legislation and legislators in key G20 countries have limited the power and effectiveness of the FSB. The author analyzes the causes and effects of this phenomenon and suggests a novel institutional solution to the effectiveness-legitimacy dilemma that global governance forums face, combining the advantages of functional specialization and electoral accountability. This book will be of great interest to graduate students; academics working at the intersection of economics, political science, and international law; students of the FSB in particular; and policymakers in global economic governance.
Note de contenu :	Acknowledgments 1 The Financial Stability Board – A Mixed Track Record at the Center of Global Financial Governance The Birth of the Financial Stability Board The Track Record of the FSB Overall Argument The FSB as a Government Network Contestation Within the FSB and the Power of Reputation Legislative Reluctance Method Outline of the Book 2 The Power of a Government Network – and its Limits Globalization: From Hierarchy to Network The Rise of the Regulatory State The Rise of Government Networks Legislators – Falling Behind Competing Explanations Global Governance of Climate Change and Artificial Intelligence 3 Timely Implementation and Mock Compliance With Basel III Government Network Alternative Explanations 4 OTC Derivatives The Puzzle Government Network Trans-Atlantic Coordination Failure Regulatory Fragmentation in the United States Fragmentation in Trade Reporting Alternative Explanations Conclusion 5 The Never-Ending Too-Big-To-Fail Story The Puzzle Government Network Bail-in Crisis-Management Groups and Cooperation Agreements Temporary Stay on Early Termination Rights Alternative Explanations PLAC, GLAC, TLAC – The Sound of Basel Conclusion 6 Effectiveness and Legitimacy of Government Networks Why Global Financial Governance? Effectiveness Legitimacy Democratic Legitimacy at the International Level? Stakeholder Inclusion Deliberative Equality Expert Councils – A Proposal Conclusion Bibliography Index