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"Completing the Single Market in financial services: the politics of competing advocacy coalitions"

Quaglia, Lucia (2009) "Completing the Single Market in financial services: the politics of competing advocacy coalitions". In: UNSPECIFIED. (Unpublished)

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    Abstract

    Why has the completion of the single market in financial services proved so difficult and time consuming? This paper addresses this question by applying a revised version of the ‘advocacy coalition framework’, modified so as to incorporate the role of material interests as well as ideas, to the empirical record of the policy-making processes of key pieces of legislation dealing with securities trading in the EU. It is argued that in almost all the Lamfalussy directives, the main (but, by no means, the only) line of division was between a ‘Northern European’ coalition and a ‘Southern European’ one. This was due to differences in the national regulatory frameworks, the configuration of national financial systems and their competitiveness (hence, ‘interests’). However, the tension was also due to different belief systems (hence, ‘ideas’) about financial services regulation.

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    Item Type: Conference or Workshop Item (UNSPECIFIED)
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > regulations/regulatory policies
    EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > general
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Conference: European Union Studies Association (EUSA) > Biennial Conference > 2009 (11th), April 23-25, 2009
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 06 Feb 2012 21:33
    Number of Pages: 37
    Last Modified: 26 Mar 2012 18:15
    URI: http://aei.pitt.edu/id/eprint/33124

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