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The Incommensurables: The arduous art of making a regulatory indicator

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  • Kempeneer, Shirley
  • Van Dooren, Wouter

    (University of Antwerp)

Abstract

The stress test of the European Central Bank has become one of the primary regulatory tools for the European banking system. In order to make such a regulatory indicator, different national banks need to be made comparable according to a common metric. Despite a substantive literature, little empirical work has been done on the social and political processes through which these indicators are made. We use Actor-Network Theory (ANT) to study how commensuration is negotiated. We find that despite a preference for commensuration, regulators allow ‘incommensurable’ categories to exist because of their unrecognised regulatory benefits.

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  • Kempeneer, Shirley & Van Dooren, Wouter, 2019. "The Incommensurables: The arduous art of making a regulatory indicator," SocArXiv u79pg, Center for Open Science.
    • Handle: RePEc:osf:socarx:u79pg
    DOI: 10.31219/osf.io/u79pg
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