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Centralization of financial regulation

A Public Choice Analysis for the European Union


Seminar Paper, 2010

52 Pages, Grade: 1,0


Excerpt


I. Table of Contents

II. List of abbreviations and definitions

III. List of figures

IV. List of tables

1. Introduction

2. Financial Regulation
2.1. Kinds of regulation
2.2. Regulatory competition
2.3. Thedilemmaofregulation
2.4. The role of regulation in the recent financial crisis
2.4.1. Regulation, incentives and amplifying effects
2.5. Consolidation
2.5.1. Regulatory approaches
2.5.2. International comparison

3. Centralizing regulation and supervision in Europe
3.1. EU institutions and positions
3.1.1. Subsidiarity in the EU treaties
3.1.2. Interests for centralization
3.1.3. Reform Proposals for the EU
3.2. Public Choice Analysis
3.2.1. Policy uniformity
3.2.2. Leviathan
3.2.3. Lobbying
3.2.4. Policy learning
3.2.5. Complementarities
3.2.6. Decision making
3.3. TheroleoftheECandthe ECB

4. The Council, Voters opinion and the risk of over-regulation
4.1. The Council and the political decision-making process
4.1.1. Decision making on EU level
4.1.2. Description ofdata
4.1.3. Application to EU Council decision-making
4. 2. Voter Irrationality and the risk of over-regulation

5. Conclusion

V. Bibliography

VI. Appendix

Excerpt out of 52 pages

Details

Title
Centralization of financial regulation
Subtitle
A Public Choice Analysis for the European Union
College
University of Mannheim
Course
Wirtschaftspolitik
Grade
1,0
Author
Year
2010
Pages
52
Catalog Number
V165291
ISBN (eBook)
9783640810871
ISBN (Book)
9783640811144
File size
2750 KB
Language
English
Notes
Touching all aspects of the highly controversial discussion. At first the theoretical advantages and disadvantages of centralization are shortly outlined, with a prevailing context to the financial crisis. Special care is given to the role of incentives for governments and regulators. Different regulatory systems are compared across countries. Proposals for reform are analysed and the role and interest of actors in the EU is highlighted. Many reform proposals are likely to amplify the problem instead of fighting its sources. Finally voting procedures and power allocation in the EU are examined
Keywords
Centralization, Regulation, European Union, Political Economy;, Behavioral Finance, Central Bank, Reform Proposal, Financial Markets, Financial Crisis, Fiscal Federalism
Quote paper
Kai Gehring (Author), 2010, Centralization of financial regulation , Munich, GRIN Verlag, https://www.grin.com/document/165291

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