The Library
The domestic sources of macroprudential policy divergence : financial regulation and the politics of housing in Germany and the UK
Tools
Tools
Tools
Kotucha, Nick (2022) The domestic sources of macroprudential policy divergence : financial regulation and the politics of housing in Germany and the UK. Comparative European Politics . doi:10.1057/s41295-022-00316-2 ISSN 1472-4790. (In Press)
![[img]](https://wrap.warwick.ac.uk/style/images/fileicons/application_pdf.png) |
PDF
WRAP-domestic-sources-macroprudential-policy-divergence-financial-Germany-UK-22.pdf - Accepted Version Embargoed item. Restricted access to Repository staff only until 27 August 2023. Contact author directly, specifying your specific needs. - Requires a PDF viewer. Download (322Kb) |
Official URL: http://dx.doi.org/10.1057/s41295-022-00316-2
Abstract
What role do domestic institutional and structural factors play in the emergence of national macroprudential regimes? So far, the literature on macroprudential policy has mainly focused on transnational processes of knowledge production. We therefore still know very little about what causes the observed differences in macroprudential regimes at a country level. The paper addresses this issue by way of an examination of housing sector related macroprudential policies in the UK and Germany. It finds that part of the reason for the observed differences is to be found in the fact that macroprudential authorities in the two countries tend to construct the intermediate goals of their macroprudential interventions in somewhat different ways, with the UK paying much greater attention to broader macroeconomic outcomes. These differences themselves, however, can only be properly understood in relation to the wider institutional and structural context (including different types of growth models) within the two countries, which create different links between their housing sectors and the real economy.
| Item Type: | Journal Article | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Divisions: | Faculty of Social Sciences > Politics and International Studies | ||||||||
| Journal or Publication Title: | Comparative European Politics | ||||||||
| Publisher: | Palgrave Macmillan Ltd. | ||||||||
| ISSN: | 1472-4790 | ||||||||
| Official Date: | 2022 | ||||||||
| Dates: |
|
||||||||
| DOI: | 10.1057/s41295-022-00316-2 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | In Press | ||||||||
| Reuse Statement (publisher, data, author rights): | “This version of the article has been accepted for publication, after peer review (when applicable) but is not the Version of Record and does not reflect post-acceptance improvements, or any corrections. The Version of Record is available online at: http://dx.doi.org/10.1057/s41295-022-00316-2 Use of this Accepted Version is subject to the publisher’s Accepted Manuscript terms of use https://www.springernature.com/gp/open-research/policies/acceptedmanuscript-terms”." | ||||||||
| Access rights to Published version: | Restricted or Subscription Access | ||||||||
| Date of first compliant deposit: | 8 November 2022 |
Request changes or add full text files to a record
Repository staff actions (login required)
 |
View Item |
