Johannes Karremans - Böcker
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2 produkter
2 produkter
1 091 kr
Skickas inom 5-8 vardagar
How do governments in Europe justify their budgets towards the national parliament? Are their socioeconomic policies shaped more by electoral pressures or by their commitments towards the European Union? In Between Voters and Eurocrats, Johannes Karremans presents a framework and methodology for studying these questions. Based on theories of democratic legitimacy, he argues that if governments temporarily pursue unpopular policies with the justification that they need to be fiscally responsible, in subsequent years they need to become more responsive again to domestic socioeconomic demands in order to maintain the trust of citizens. The recent crises faced by European countries have repeatedly evoked the impression that European economic governance constrains governments' ability to be responsive to domestic demands. Today, especially in the European Union, maintaining financial sustainability of the state has become tied to international obligations. Karremans raises the concern that financial considerations are more important than people's demands and investigates whether this proposition is true through comparative study focussing on five countries - Austria, France, Germany, Italy, and Spain - and explores how governments maintain a balance between institutional responsibility and democratic responsiveness.
1 629 kr
Skickas inom 7-10 vardagar
This timely book presents an in-depth investigation of who benefits from European financial market regulatory measures and how decision-makers and stakeholders are held politically and administratively accountable. The extensive study illustrates the full range of the actors involved in key regulatory processes such as the regulation of high-frequency trading and the activities of central-clearing counterparties.Chapters outline how politicians, regulators and market players are linked in various political and administrative accountability mechanisms. Providing analysis of how the accountability channels are linked to policy content, contributors ask whether specific regulatory objectives and results give rise to the mobilising of accountability mechanisms. Regulating Finance in Europe critically examines the implementation of major EU legislative packages in financial regulation (MiFID II and CMU), offering a unique empirical insight into how different modes of accountability in financial market regulation are linked with different policy effects.This comprehensive yet accessible book will be an invaluable read for politicians and practitioners working in finance as well as academics in EU politics and policies. It will also provide a useful resource for undergraduate and postgraduate students of political science, law and economics.