Jump to ContentJump to Main Navigation
Banking Regulation and Globalization$
Users without a subscription are not able to see the full content.

Andreas Busch

Print publication date: 2008

Print ISBN-13: 9780199218813

Published to Oxford Scholarship Online: January 2009

DOI: 10.1093/acprof:oso/9780199218813.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 19 November 2019

State and Banking Regulation in Comparative Perspective

State and Banking Regulation in Comparative Perspective

(p.213) 7 State and Banking Regulation in Comparative Perspective
Banking Regulation and Globalization

Andreas Busch (Contributor Webpage)

Oxford University Press

This chapter compares the structures and outputs of the four policy networks discussed in the preceding chapters, arguing that country-specific contingencies lead to different outcomes in the face of similar challenges during the period of investigation. In the United States, a pluralist system of associations in combination with a fragmented regulatory and legislative system leads to policy failure and blockade; in the United Kingdom, market concentration and a concentrated regulatory and legislative system create high state capacity despite a pluralist system of associations. In Germany, a concerted associational system is weakened by market fragmentation, but combined with concentrated regulation creates policy success; in Switzerland, a segmented but concentrated market combines with comprehensive concentration to create flexible adaptation with minimal resource requirements. Compared with these factors, standard political institutions (parliamentarism versus presidentialism; party system; unitary versus federalism) show little influence on their own, but a mediated one depending on context. Different ‘varieties of capitalism’ show an influence through their differences in associational systems, but overall do not have much explanatory value, as the substantial differences between the two ‘Anglo-Saxon’ cases of the United States and United Kingdom demonstrate.

Keywords:   United States, United Kingdom, Germany, Switzerland, banking system, banking regulation, banking industry, capitalism

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .