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Explaining the EU’s Uneven Influence Across the International Regime Complex in Shadow Banking

Author

Listed:
  • Lucia Quaglia

    (Department of Political Science, University of Bologna, Italy)

  • Aneta Spendzharova

    (Department of Political Science, Maastricht University, The Netherlands)

Abstract

This article shows that the EU has exerted uneven influence within the global regime complex in shadow banking. Why? We seek to explain the variation in the EU’s ability to exert influence across different elemental regimes—those on hedge funds and securitization—in the broader regime complex over time. In hedge funds regulation, the EU has pursued more stringent international rules, to no avail. In securitization, the EU has been more successful in promoting more lenient regulation at the international level. We focus on the EU’s internal cohesiveness (which can change over time) as the key explanatory variable.

Suggested Citation

  • Lucia Quaglia & Aneta Spendzharova, 2023. "Explaining the EU’s Uneven Influence Across the International Regime Complex in Shadow Banking," Politics and Governance, Cogitatio Press, vol. 11(2), pages 6-16.
    • Handle: RePEc:cog:poango:v11:y:2023:i:2:p:6-16
    DOI: 10.17645/pag.v11i2.6272
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    References listed on IDEAS

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    1. Hodson, Dermot, 2011. "Governing the Euro Area in Good Times and Bad," OUP Catalogue, Oxford University Press, number 9780199572502, Decembrie.
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    4. Howarth, David & Quaglia, Lucia, 2016. "The Political Economy of European Banking Union," OUP Catalogue, Oxford University Press, number 9780198727927, Decembrie.
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    Cited by:

    1. Tom Delreux & Joseph Earsom, 2023. "The European Union as an Actor Navigating International Regime Complexes," Politics and Governance, Cogitatio Press, vol. 11(2), pages 1-5.

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