Suchergebnisse

This article explores and elucidates the activities of transnational networks as regulatory intermediaries. Specifically, I examine their role in the regulation of banks, as far as they facilitate exchanges between global regulators (GRs)—such as the Basel Committee on Banking Supervision or the Financial Stability Board—and local regulators (LRs), such as national regulatory agencies or legislatures. I find that transgovernmental network intermediaries produce benefits both for GRs, which employ them to disseminate their rules; and for LRs, which use them to obtain influence, advice, and information. Networks promote collaborative intermediation horizontally, without compromising sovereignty, and require only soft organizational structures with low operational costs. Network intermediation is a key ingredient in facilitating local regulatory activities and in providing tools and cognitive resources to LRs. Network intermediaries blur the global-local boundary, however, as some of their members operate as LRs and simultaneously participate directly in GRs.

This article examines the distributive implications of dismantling strategies applied to public policies in order to confront the multiple crises that have taken place in Spain since 2008. The hypotheses concern the logic of dismantling, while considering different theoretical alternatives. First, it is suspected that the configuration of social groups and business interests affects how dismantling strategies are chosen: the corporatist state selectively protects its closer clientele. Second, the characteristics of policies and instruments are discussed, with the suggestion that there was a preference for dismantling those that were less costly for the politicians. To assess these interpretations, variations across policy sectors in Spain during the period 2008–2012 are analysed and different areas of regulatory and expenditure policies are considered.

A review essay on books by (1) Anne-Marie Slaughter, A New World Order (Princeton, NJ: Princeton U Press, 2004); & 92) Kurt Weyland (Ed), Learning from Foreign Models in Latin American Policy Reform (Washington, DC: Woodrow Wilson Center, 2004). 12 References.