Public-Private Co-Regulation in the making of the capital markets union

Capital markets union; covered bond; Influence; interest groups; lobbying; Process tracing; Public-Private Regulation; Business and International Management; Economics, Econometrics and Finance (all); General Economics, Econometrics and Finance

Abstract :

[en] This contribution investigates the conditions and dynamics of a public-private regulatory partnership in the making of the Capital Markets Union. According to our argument, structural interdependence and the strategic use of market narratives in a low salient policy domain allowed the EU financial industry to frame their interests as a solution to Europe’s missing recovery. Under the pressures of the Eurozone crisis and the EMU constraints, the goals of critical financial industry sectors and EU policy-makers met together, leading to a renewed regulatory cooperation. Such a mechanism is unveiled through a process-tracing case-study analysis on the EU covered bonds framework.

Disciplines :

Sociology & social sciences

Author, co-author :

MONTALBANO, Giuseppe ; University of Luxembourg > Faculty of Humanities, Education and Social Sciences (FHSE) > Department of Social Sciences (DSOC) > Political Science

External co-authors :

Language :

English

Title :

Public-Private Co-Regulation in the making of the capital markets union

Publication date :

2022

Journal title :

Journal of Economic Policy Reform

ISSN :

1748-7870

eISSN :

1748-7889

Publisher :

Routledge

Volume :

Issue :

Pages :

199 - 215

Peer reviewed :

Peer Reviewed verified by ORBi

Additional URL :

https://www.tandfonline.com/doi/pdf/10.1080/17487870.2022.2076677

Funders :

National Research Fund

Funding text :

A portion of this study was supported by the Luxembourg National Research Fund (FNR) (14345912)

Available on ORBilu :

since 30 November 2023

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