304
Views
0
CrossRef citations to date
0
Altmetric
Articles

The Europeanization of financial regulation and supervision on the Baltic–Nordic axis: the perspective of national bureaucracies

, , ORCID Icon &

References

  • Avgouleas, E. 2012. Governance of Global Financial Markets: The Law, the Economics, the Politics. Cambridge: Cambridge University Press.
  • Bache, I. 2008. Europeanization and Multilevel Governance: Cohesion Policy in the European Union and Britain. Lanham: Rowman & Littlefield.
  • Banka, L. 2000. Kredītiestāžu Uzraudzības Pārvaldes 1999. Gada Pārskats. Riga: Latvijas Banka.
  • Berg, S. A., and Ø. Eitrheim. 2009. “Bank Regulation and Bank Crisis: The Main Development in the Norwegian Regulatory System Before, During, and after the Banking Crisis of 1988–1992.” Working Paper 2009:18. Oslo: Norges Bank. http://static.norges-bank.no/globalassets/upload/english/publications/working-papers/2009/norges_bank_working_paper_2009_18.pdf?v=03/09/2017122212&ft=.pdf
  • Bohle, D., and B. Greskovits. 2012. Capitalist Diversity on Europe’s Periphery. Ithaca, NY: Cornell University Press.
  • Börzel, T. 2002. “Pace-setting, Foot-dragging, and Fence-sitting: Member State Responses to Europeanization.” Journal of Common Market Studies 40 (2): 193–214. doi:10.1111/1468-5965.00351.
  • Börzel, T., and T. Risse. 2003. “Conceptualizing the Domestic Impact of Europe.” In The Politics of Europeanization, edited by K. Featherstone and C. Radaelli, 57–80. Oxford: Oxford University Press.
  • Börzel, T. A. 2003. “How the European Union Interacts with Its Member States.” In Political Science Series, edited by O. Treib and G. Hafner, 1–31. Vol. 93. Vienna: Institute for Advanced Studies.
  • Bulmer, S. 2008. “Theorizing Europeanization.” In Europeanization: New Research Agendas, edited by P. Graziano and M. P. Vink, 46–58. Basingstoke: Palgrave Macmillan.
  • Bulmer, S. J., and C. M. Radaelli. 2004. “The Europeanization of National Policy?.” In Queen’s Papers on Europeanization 1/2004, edited by S. Andreasson, 1–22. Belfast: Queen’s University Belfast.
  • Busch, A. 2004. “National Filters: Europeanisation, Institutions, and Discourse in the Case of Banking Regulation.” West European Politics 27 (2): 310–333. doi:10.1080/0140238042000214928.
  • Caporaso, J. 2008. “The Three Worlds of Regional Integration Theory.” In Europeanization: New Research Agendas, edited by P. Graziano and M. P. Vink, 23–34. Basingstoke: Palgrave Macmillan.
  • Christensen, D. A., T. Christensen, P. Lægreid, and T. Midtbø. 2013. “The People and Structure Solution? Collegial Administration in Norway.” In Crossing Boundaries in Public Management and Policy: The International Experience, edited by J. O’Flynn, D. Blackman, and J. Halligan, 111–125. London: Routledge.
  • Claes, D. H., and J. E. Fossum. 2004. “Norway, the EEA, and Neo-liberal Globalism.” In Governing under Stress: Middle Powers and the Challenge of Globalization, edited by S. Clarkson and M. G. Cohen, 51–70. London: Zed Books.
  • Dolowitz, D. P., and D. Marsh. 2000. “Learning from Abroad: The Role of Policy Transfer in Contemporary Policy-making.” Governance: an International Journal of Policy and Administration 13 (1): 5–24. doi:10.1111/gove.2000.13.issue-1.
  • Dyson, K. 2008. “Economic Policy.” In Europeanization: New Research Agendas, edited by P. Graziano and M. P. Vink, 281–294. Basingstoke: Palgrave Macmillan.
  • Egeberg, M. 1999. “Transcending Intergovernmentalism? Identity and Role Perceptions of National Officials in EU Decision-making.” Journal of European Public Policy 6 (3): 456–474. doi:10.1080/135017699343621.
  • Falkner, G., and O. Treib. 2008. “Three Worlds of Compliance or Four? the EU-15 Compared to New Member States.” Journal of Common Market Studies 46 (2): 293–313. doi:10.1111/j.1468-5965.2007.00777.x.
  • Fenger, M., and L. Quaglia. 2013. “The Global Financial Crisis in Comparative Perspective: Have Policy Makers ‘learnt Their Lessons’?” Journal of Comparative Policy Analysis: Research and Practice 18 (5): 502–517. doi:10.1080/13876988.2015.1044808.
  • Finanstilsynet. 2016. Risk Outlook 2016 II. Oslo: Finanstilsynet. Accessed 14 February 2018. https://www.finanstilsynet.no/contentassets/41dc4dc5f47d432c8365403c05610a62/risk_outlook_ii_2016.pdf
  • FSC (Financial Stability Council). 2017. “The Financial Stability Council.” Accessed 2 June 2017. http://www.sou.gov.se/finansiella-stabilitetsradet/english-version/
  • Gueijen, K., and P. Hart. 2010. “Flying Blind in Brussels: How National Officials Do European Business without Political Steering.” In Working for Policy, edited by H. Colebatch, R. Hoppe, and M. Noordegraaf, 171–190. Amsterdam: Amsterdam University Press.
  • Harmsen, R. 1999. “The Europeanization of National Administrations: A Comparative Study of France and Netherlands.” Governance: an International Journal of Policy and Administration 12 (1): 81–113. doi:10.1111/0952-1895.00091.
  • Haverland, M. 2008. “Methodology.” In Europeanization: New Research Agendas, edited by P. Graziano and M. P. Vink, 59–70. Basingstoke: Palgrave Macmillan.
  • Heritier, A. 2005. “Europeanization Research East and West: A Comparative Assessment.” In Europeanization of Central and Eastern Europe, edited by F. Schimmelfennig and U. Sedelmeier, 199–209. Ithaca: Cornell University Press.
  • Hille, P., and C. Knill. 2006. “‘It’s the Bureaucracy, Stupid’: The Implementation of the Acquis Communautaire in EU Candidate Countries, 1999–2003.” European Union Politics 7 (4): 531–552. doi:10.1177/1465116506069442.
  • Hix, S., and K. H. Goetz. 2000. “Introduction: European Integration and National Political Systems.” West European Politics 23 (4): 1–26. doi:10.1080/01402380008425398.
  • Hodson, D., and D. Mabbett. 2009. “UK Economic Policy and the Global Financial Crisis: Paradigm Lost?” Journal of Common Market Studies 47: 1041–1061. doi:10.1111/j.1468-5965.2009.02034.x.
  • IMF (International Monetary Fund). 2002. The Republic of Latvia: financial system stability assessment. IMF Country Report 02/67. Washington, DC: International Monetary Fund.
  • IMF (International Monetary Fund). 2015. Norway: financial sector assessment programme technical note – macroprudential policy. IMF Country Report 15/257. Washington, DC: International Monetary Fund. http://www.imf.org/external/pubs/ft/scr/2015/cr15257.pdf
  • Ingves, S. 2010. “The Crisis in the Baltic – The Riksbank’s Measures, Assessments and Lessons Learned.” Speech by Riksbank Governor S. Ingves 2 (February): 2010. https://www.riksbank.se/contentassets/6e8e91c80a6247b5b51bb303a3143f22/tal_100202e.pdf
  • Jacobsson, B., P. Lægreid, and O. K. Pedersen. 2004. Europeanization and Transnational States: Comparing Nordic Central Governments. London: Routledge.
  • Jordan, A. 2003. “The Europeanization of National Government and Policy: A Departmental Perspective.” British Journal of Political Science 33 (2): 261–282. doi:10.1017/S0007123403000115.
  • Juuse, E. 2016a. “Financial Regulation in Estonia -–A ‘world of “dead Letters”’: The Interplay of Europeanization Process and National Idiosyncrasies.” In Financial Regulation in the European Union, edited by R. Kattel, J. A. Kregel, and M. Tonveronachi, 132–162. London: Routledge.
  • Juuse, E. 2016b. “Regulatory Convergence, Financialization and Hollowing Out of the State: The Case of Financial System in Estonia.” Halduskultuur – Administrative Culture 17 (1): 19–46.
  • Kassim, H. 2003. “Meeting Demands of EU Membership: The Europeanization of National Administrative Systems.” In The Politics of Europeanization, edited by K. Featherstone and C. Radaelli, 83–111. Oxford: Oxford University Press.
  • Kattel, R., T. Randma-Liiv, and T. Kalvet. 2011. “Small State, Innovation and Administrative Capacity.” In Innovation in the Public Sector: Linking Capacity and Leadership, edited by V. Bekkers, J. Edelenbos, and B. Steijn, 61–81. Basingstoke: Palgrave Macmillan.
  • Knill, C. 1998. “European Policies: The Impact of National Administrative Traditions.” Journal of Public Policy 18 (1): 1–28. doi:10.1017/S0143814X98000014.
  • Knill, C. 2001. The Europeanisation of National Administration: Patterns of Institutional Change and Persistence. Cambridge: Cambridge University Press.
  • Knill, C., and D. Lehmkuhl. 1999. “How Europe Matters: Different Mechanisms of Europeanization.” European Integration Online Papers 3 (7): 1–19.
  • Knill, C., and A. Lenschow. 2005. “Compliance, Competition and Communication: Different Approaches of European Governance and Their Impact on National Institutions.” Journal of Common Market Studies 43 (3): 583–606. doi:10.1111/j.0021-9886.2005.00570.x.
  • Koivu, T. 2002. “Banking and Finance in the Baltic Countries.” In BOFIT Online, edited by T. Komulainen, 1–26. Vol. 11. Helsinki: Bank of Finland Institute for Economies in Transition.
  • Kregel, J., and M. Tonveronachi. 2014. “Presentation of Seven Country Studies on the Impact of Implementation of EU Directives on Banking and Finance on National Regulatory Systems.” FESSUD Working Paper Series 68. Leeds: FESSUD. http://fessud.eu/wp-content/uploads/2013/04/Presentation-of-seven-country-studies-on-the-impact-of-implementation-of-EU-Directives-on-Banking-and-Finance-on-national-regulatory-systems-working-paper-68.pdf
  • Lægreid, P., and O. K. Pedersen. 2001. “Transforming States: Continuity and Change in the Europeanization of the Nordic Central Governments.” Paper presented at the Scancor Workshop “Transnational Regulation and the Transformation of States, Stanford, 22–23 June.
  • Lægreid, P., R. S. Steinthorsson, and B. Thorhallsson. 2004. “Europeanization of Central Government Administration in the Nordic States.” Journal of Common Market Studies 42 (2): 347–369. doi:10.1111/j.1468-5965.2004.00491.x.
  • Lægreid, P., and O. C. Stenby. 2010. “Europeanization and Transnational Networks. A Study of the Norwegian Competition Authority.” Jerusalem Papers in Regulation and Governance, Working Paper 25. Jerusalem: Hebrew University.
  • Lehmann, A., M. Levi, and P. Tabak. 2011. “Basel III and Regional Financial Integration in Emerging Europe. An Overview of Key Issues.” EBRD Working Paper 132. London: European Bank for Development and Reconstruction. https://www.ebrd.com/downloads/research/economics/workingpapers/wp0132.pdf
  • Lehmkuhl, D. 2008. “Some Promises and Pitfalls of Europeanization Research.” In Europeanization: New Research Agendas, edited by P. Graziano and M. P. Vink, 337–353. Basingstoke: Palgrave Macmillan.
  • Levi-Fleur, D. 2008. “Regulatory Governance.” In Europeanization: New Research Agendas, edited by P. Graziano and M. P. Vink, 102–114. Basingstoke: Palgrave Macmillan.
  • Lodge, M. 2002. “Varieties of Europeanisation and the National Regulatory State.” Public Policy and Administration 17 (2): 43–67. doi:10.1177/095207670201700204.
  • Lynggaard, K. 2013. “Elite Decision Makers’ Strategic Use of European Integration and Globalisation Discourses: Irish and Danish Banking Sector Reforms in the 1990s and 2000s.” New Political Economy 18 (6): 862–884. doi:10.1080/13563467.2012.753518.
  • Maggi, E.-M. 2015. The Will of Change: European Neighbourhood Policy, Domestic Actors and Institutional Change in Morocco. Wiesbaden: VS Verlag für Sozialwissenschaften.
  • Mahoney, J., and K. Thelen. 2010. “A Theory of Gradual Institutional Change.” In Explaining Institutional Change: Ambiguity, Agency, and Power, edited by J. Mahoney and K. Thelen, 1–38. Cambridge: Cambridge University Press.
  • Meyer-Sahling, J.-H., and C. van Stolk. 2015. “A Case of Partial Convergence: The Europeanization of Central Government in Central and Eastern Europe.” Public Administration 93 (1): 230–247. doi:10.1111/padm.2015.93.issue-1.
  • Ministry of Finance. 2010. “Finantsinspektsiooni Seaduse, Investeerimisfondide Seaduse, Krediidiasutuste Seaduse Ja Väärtpaberituru Seaduse Muutmise Seaduse Eelnõu Juurde.” Riigi Teataja I 21 (December): 6.
  • Montanaro, E. 2016. “Crisis Management: The 1990s Experience of the Nordic Countries.” In Financial Regulation in the European Union, edited by R. Kattel, J. A. Kregel, and M. Tonveronachi, 273–285. London: Routledge.
  • Montoya, L. A., and L. Schrefler. 2009. “Implementation and Subsidiarity.” In Policy-making in the EU, edited by A. Renda, 56–83. Brussels: CEPS.
  • Mügge, D. 2013. “The Political Economy of Europeanized Financial Regulation.” Journal of European Public Policy 20 (3): 458–470. doi:10.1080/13501763.2012.752122.
  • Norges Bank. 2011. Letter to the Ministry of Finance, 3 May. Response following the report of the Financial Crisis Commission (NOU 2011:1). Accessed 6 February 2018. http://www.norges-bank.no/en/Published/Submissions/2011/Letter-03052011/
  • NOU (Official Norwegian Reports). 2011. Bedre rustet mot finanskriser. Report by the Financial Crisis Commission. NOU 2011:1. Oslo: Departementenes servicesenter.
  • NOU (Official Norwegian Reports). 2012. Utenfor og innenfor: Norges avtaler med EU. Report by the EEA Review Committee submitted to the Ministry of Foreign Affairs. NOU 2012:2. Oslo: Departementenes servicesenter.
  • Olsen, J. P. 2002. “The Many Faces of Europeanization.” Journal of Common Market Studies 40 (5): 921–925. doi:10.1111/1468-5965.00403.
  • Radaelli, C. M. 2004. “Europeanisation: Solution or Problem?” European Integration Online Papers 8 (16): 1–26.
  • Radaelli, C. M., and R. Pasquier. 2008. “Conceptual Issues.” In Europeanization: New Research Agendas, edited by P. Graziano and M. P. Vink, 35–45. Basingstoke: Palgrave Macmillan.
  • Randma-Liiv, T. 2002. “Small States and Bureaucracy: Challenges for Public Administration?” Trames: Journal of the Humanities and Social Sciences 6 (4): 374−89.
  • Randma-Liiv, T., V. Nakrošis, and H. György. 2011. “Public Sector Organization in Central and Eastern Europe: From Agencification to De-agencification.” Transylvanian Review of Administrative Sciences 160–175. Special Issue Agencies in Central and Eastern Europe.
  • Raudla, R., and R. Kattel. 2011. “Why Did Estonia Choose Fiscal Retrenchment after the 2008 Crisis?” Journal of Public Policy 31: 163–186. doi:10.1017/S0143814X11000067.
  • Renda, A., ed. 2009. Policy-making in the EU. Brussels: CEPS.
  • Rimšēvičs, I. 2002. “Vienota Finanšu Un Kapitāla Tirgus Uzraudzība: Attīstībai, Drošībai Un Stabilitātei.” Interview with Bank of Latvia Governor I. Rimšēvičs. https://www.bank.lv/par-mums/403-publikacijas/averss-un-reverss/4611-vienota-finansu-un-kapitala-tirgus-uzraudziba-attistibai-drosibai-un-stabilitatei
  • Risse, T., J. Caporaso, and M. Green Cowles. 2001. “Europeanization and Domestic Change: Introduction.” In Transforming Europe: Europeanization and Domestic Change, edited by M. Green Cowles, J. Caporaso, and T. Risse, 1–20. Ithaca: Cornell University Press.
  • Ross, M. 2013. “Regulatory Experience in the Baltics.” In Banking in Central and Eastern Europe and Turkey: Challenges and Opportunities, edited by K. Atanas and Z. Sanne, 73–81. Luxembourg: European Investment Bank.
  • Scharpf, F. S. 1997. Games Real Actors Play: Actor-centered Institutionalism in Policy Research. Boulder: Westview.
  • Schimmelfennig, F., and U. Sedelmeier. 2005a. “Introduction: Conceptualizing the Europeanization of Central and Eastern Europe.” In Europeanization of Central and Eastern Europe, edited by F. Schimmelfennig and U. Sedelmeier, 1–28. Ithaca: Cornell University Press.
  • Schimmelfennig, F., and U. Sedelmeier. 2005b. “Conclusions: The Impact of the EU on the Accession Countries.” In Europeanization of Central and Eastern Europe, edited by F. Schimmelfennig and U. Sedelmeier, 210–228. Ithaca: Cornell University Press.
  • Schimmlefennig, F., and U. Sedelmeier. 2008. “Candidate Countries and Conditionality.” In Europeanization: New Research Agendas, edited by P. Graziano and M. P. Vink, 88–101. Basingstoke: Palgrave Macmillan.
  • Schmidt, V. A. 2002. The Futures of European Capitalism. Oxford: Oxford University Press.
  • Spendzharova, A. B., and I. Emre Bayram. 2016. “Banking Union through the Back Door? How European Banking Union Affects Sweden and the Baltic States.” West European Politics 39: 565–584. doi:10.1080/01402382.2016.1143245.
  • Steen, T., and D. Schaap. 2004. “Europeanization of the Civil Service: Towards a European Identity?” Paper presented at the EGPA Conference, Ljubljana, 1–4 September.
  • Steigum, E. 2011. “The Norwegian Banking Crisis in the 1990s: Effects and Lessons.” CME Working Paper Series 5/11. Oslo: BI Norwegian School of Management. https://biopen.bi.no/bi-xmlui/handle/11250/95299
  • Sutt, A., H. Korju, and H. Siibak. 2011. “The Role of Macro-Prudential Policies in the Boom and Adjustment Phase of the Credit Cycle in Estonia.” World Bank Policy Research Working Paper 5835. Washington, DC: World Bank. http://documents.worldbank.org/curated/en/471931468246912942/The-role-of-macro-prudential-policies-in-the-boom-and-adjustment-phase-of-the-credit-cycle-in-Estonia
  • Sverdrup, U. 2008. “Implementation.” In Europeanization: New Research Agendas, edited by P. Graziano and M. P. Vink, 197–211. Basingstoke: Palgrave Macmillan.
  • Tonveronachi, M. 2016. “A Critical Assessment of the EU Monetary, Fiscal and Financial Regulatory Framework and A Reform Proposal.” FESSUD Working Paper Series 132. Leeds: FESSUD. http://fessud.eu/wp-content/uploads/2015/03/A-CRITICAL-ASSESSMENT-OF-THE-EU-MONETARY-FISCAL-AND-FINANCIAL-REGULATORY-FRAMEWORK-AND-A-REFORM-PROPOSAL-Working-Paper-132.pdf
  • Trondal, J. 2000. “Multiple Institutional Embeddedness in Europe: The Case of Danish, Norwegian and Swedish Government Officials.” Scandinavian Political Studies 23 (4): 311–341. doi:10.1111/scps.2000.23.issue-4.
  • Trondal, J. 2001. “Is There Any Social Constructivist-institutionalist Divide? Unpacking Social Mechanisms Affecting Representational Roles among EU Decision-makers.” Journal of European Public Policy 8 (1): 1–23. doi:10.1080/13501760010018304.
  • Vink, P. M., and P. Graziano. 2008. “Challenges of a New Research Agenda.” In Europeanization: New Research Agendas, edited by P. Graziano and M. P. Vink, 3–20. Basingstoke: Palgrave Macmillan.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.