Financial Regulation in the EU From Resilience to Growth
Financial regulation has dramatically evolved and strengthened since the crisis on both sides of the Atlantic, with enhanced international coordination through the G-20 and the Financial Stability Board and, at the regional level, a definite contribution
- PDF / 6,692,685 Bytes
- 484 Pages / 439.43 x 683.15 pts Page_size
- 60 Downloads / 206 Views
Financial Regulation in the EU
Raphaël Douady • Clément Goulet • Pierre-Charles Pradier Editors
Financial Regulation in the EU From Resilience to Growth
Editors Raphaël Douady Labex RéFi and Centre d’Economie de la Sorbonne Panthéon Sorbonne Université Paris 1 and SUNY Stony Brook Paris and New York, France and USA
Clément Goulet Labex RéFi and Centre d’Economie de la Sorbonne Université Paris 1 Panthéon-Sorbonne Paris, France
Pierre-Charles Pradier Labex RéFi and Centre d’Economie de la Sorbonne Paris, France
ISBN 978-3-319-44286-0 ISBN 978-3-319-44287-7 (eBook) DOI 10.1007/978-3-319-44287-7 Library of Congress Control Number: 2016957537 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover illustration: David Lyons / Alamy Stock Photo Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Contents
1 Introduction 1 Raphaël Douady, Clément Goulet, and Pierre-Charles Pradier
Part I Supervision of Member States’ Budgets
7
2 Political Economy of the European Monetary Institutions and Reform Proposals 9 Jose-Maria Martin-Flores 3 Fiscal Sustainability and Fiscal Rules in a Monetary Union: Theory and Practice in Europe 43 Pierre Aldama 4 The Composition Effect of New Fiscal Rules in the Euro Area 69 Jérôme Creel and Francesco Molteni 5 The Banking Union Revisited 85 Christian de Boissieu
v
vi Contents
Part II Supervision of Financial Entities
105
6 Regulatory Capture in Financial Supervision107 Mathilde Poulain 7 The Challenges of Regulation of Derivatives123 Nasser Saber 8 The challenges and implications of the Markets in Financial Instruments Directive
Data Loading...
