Financial regulations don't just spread from core economies — they diffuse through intricate cross-border relationships.
* Data & Methods: A novel dataset analyzing Basel II adoption across 90+ jurisdictions reveals subtle network effects.
* Key Findings: Four primary banking connections shape regulatory decisions: bank operations, regulator networks, capital competition, and investor links.
Regulators in peripheral countries aren't making isolated choices; their hands are guided by international precedents through these specific linkages. This nuanced analysis demonstrates that the nature, not just extent, of financial ties matters most for regulatory alignment.
| Regulatory Convergence in the Financial Periphery: How Interdependence Shapes Regulators' Decisions was authored by Emily Jones and Alexandra O Zeitz. It was published by Oxford in ISQ in 2019. |
