Regulatory competition and international cooperation
AbstractRecent research has shown that regulatory competition does not necessarily lead to downward pressures on regulation, but may at times also push the level of regulation upwards. Extending David Vogel's California effect argument, this paper shows that such upward pressure may not only result directly from the dynamics of the competitive process but also from international cooperation. Evidence from two case studies on international capital market regulation is used to identify the conditions under which cooperation in the shadow of regulatory competition is likely to succeed or fail. The successful multilateral standardisation of banking capital requirements in the BIS is compared to failed attempts to harmonise interest taxation across EC member states. --
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Max Planck Institute for the Study of Societies in its series MPIfG Working Paper with number 97/4.
Date of creation: 1997
Date of revision:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Robert Litan & William Isaac & William Taylor, 1994. "Financial Regulation," NBER Chapters, in: American Economic Policy in the 1980s, pages 519-572 National Bureau of Economic Research, Inc.
- Ghosh, Saibal & Das, Abhiman, 2005. "Market Discipline, Capital Adequacy and Bank Behaviour: Theory and Indian Evidence," MPRA Paper 17398, University Library of Munich, Germany.
- Genschel, Philipp, 1998. "Markt und Staat in Europa," MPIfG Working Paper 98/1, Max Planck Institute for the Study of Societies.
- Neumayer, Eric & de Soysa, Indra, 2011.
"Globalization and the Empowerment of Women: An Analysis of Spatial Dependence via Trade and Foreign Direct Investment,"
World Development, Elsevier,
Elsevier, vol. 39(7), pages 1065-1075, July.
- Eric Neumayer & Indra De Soysa, 2011. "Globalization and the empowerment of women: an analysis of spatial dependence via trade and foreign direct investment," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library 30792, London School of Economics and Political Science, LSE Library.
- Libman, Alexander Mikhailovich, 2009.
"Эндогенные Границы И Распределение Власти В Федерациях И Международных Сообществах
[ENDOGENOUS BOUNDARIES AND DISTRIBUTION O," MPRA Paper 16473, University Library of Munich, Germany.
- Lukas Hakelberg, 2014. "The Power Politics of International Tax Cooperation. Why Luxembourg and Austria accepted automatic exchange of information on foreign account holders’ interest income," EUI-RSCAS Working Papers, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS) p0375, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
- Ojo, Marianne, 2010.
"Co-operative and competitive enforced self regulation: the role of governments, private actors and banks in corporate responsibility,"
22918, University Library of Munich, Germany.
- Marianne Ojo, 2011. "Co-operative and competitive enforced self regulation: The role of governments, private actors and banks in corporate responsibility," Journal of Financial Regulation and Compliance, Emerald Group Publishing, Emerald Group Publishing, vol. 19(2), pages 139-155, May.
- Killian J. McCarthy & Frederik van Doorn & B. Unger, 2008. "Globalisation, Tax Competition and the Harmonisation of Corporate Tax Rates in Europe: A Case of Killing the Patient to Cure the Disease?," Working Papers, Utrecht School of Economics 08-13, Utrecht School of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics).
If references are entirely missing, you can add them using this form.