Regulating Banks in Central and Eastern Europe - Aneta Spendzharova

Regulating Banks in Central and Eastern Europe
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Autor: Aneta Spendzharova

 Wydawnictwo: Palgrave Macmillan
ISBN: 9781137282743
EAN:
Format: ...
Oprawa: twarda
Stron: 176
Data wydania: 2014-06-01
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How do bank supervisors strike a balance between market self-regulation and pro-active regulatory intervention? This book investigates the choice of banking supervision approach in four European Union member states from Central and Eastern Europe - Bulgaria, Estonia, Hungary, and Slovenia - after their transition to democracy and market economy. Drawing on interviews with bank supervisors and decision-makers, the study examines why the four states show different calibrations of the balance between market-based regulation and risk-averse counter-cyclical regulation across countries and over time. The book sheds lights on a core tension in the European Banking Union: should rules be homogenous across jurisdiction to ensure a level playing field, or should national regulators have room to impose stricter or more lax regulations? "As the world still struggles with the legacy of Lehman Brother's collapse, this timely book leads us into the dilemmas of banking regulation and supervision. Why some national regulators choose a hands-off approach that attract foreign investors but risks fueling credit bubbles? And why do others opt for a more interventionist supervision that can nonetheless discourage foreign investors and stifle lending? Spendzharova brilliantly answers these questions using a wealth of first-hand data on banking governance in Bulgaria, Estonia, Hungary, and Slovenia. Her analysis is a required reading not only for those interested in the economic challenges that Central and Eastern Europe faced with the transition to a market economy but also to all scholars working in the politics of banking regulation." - Manuela Moschella, Assistant Professor in Political Science, University of Turin, Italy and Senior Fellow at the Center for International Governance Innovation (CIGI), Waterloo, Canada "Aneta Spendzharova's study is a sophisticated treatment of how countries in East Central Europe use their regulatory authority to cope with very high levels of foreign bank ownership. Since current trends for countries everywhere suggest more foreign bank ownership, not less, the findings here are valuable for anyone interested in the governance of finance." - Rachel Epstein, Josef Korbel School, University of Denver, USA "This book offers an innovatively theorised and meticulously researched account of the main determinants of the institutional arrangements for banking supervision in a variety of Central and Eastern European countries. The research also sheds novel light onto the very topical issue of the preferences of these countries in the redesign of the banking regulatory regime in the European Union. It will be of great interest to scholars in comparative political economy, regulation and EU studies." - Lucia Quaglia, Department of Politics, University of York, UK "Spendzharova's impressive study on banking regulation and supervision in Central and Eastern Europe is a lesson in effective comparative political economy analysis that should be read by all political scientists. This work is a major contribution not just to the literature on banking sector governance but also, more broadly, to the literature on the regulatory state." - David Howarth, Professor in Political Economy, University of Luxembourg "This timely book on bank regulation and the choice of the supervisory model is important in several aspects - it is interesting from a theoretical point of view in terms of what variables exert influence on the regulatory structures in European countries and as a case of transition reforms in Central and Eastern European countries, it is also valuable as a contribution to the study of Europeanization, the effects of EU membership and external factors in general on national choices of economic policy and mediation of domestic factors. Finally, it is relevant from a practical point of view as in the context of the Great Recession; the role of banks in the economy, the different practices of regulations and the sources.

Książka "Regulating Banks in Central and Eastern Europe"
Aneta Spendzharova