Financial Stability Policy in the Euro Zone

1. Front Matter

   Pages I-XX

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2. Prelude The financial crisis as a crisis of regulated capitalism

   • Gundbert Scherf

   Pages 1-13

3. Introduction

   • Gundbert Scherf

   Pages 14-46

4. Trading off financial stability: A political economy perspective on European banking regulation

   • Gundbert Scherf

   Pages 47-87

5. What drives the banking regulator? Varieties of financial systems and regulatory preferences

   • Gundbert Scherf

   Pages 88-138

6. International cooperation or race to the bottom? Banking regulation in an integrating financial market

   • Gundbert Scherf

   Pages 139-168

7. Committing to hawkishness? Time consistency problems in the interaction of banking supervision and monetary policy

   • Gundbert Scherf

   Pages 169-198

8. Conclusion

   • Gundbert Scherf

   Pages 199-214

9. Back Matter

   Pages 215-256

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​Due to the lack of political salience that financial stability policy enjoys in tranquil economic times, this policy field lends itself particularly well to capture – the more so the more important the role of banks is in the financial system. Gundbert Scherf’s research focuses on this  nexus between integrated banking, supranational monetary policy and national banking regulation. He finds that national level differences in financial systems and related institutions explain and drive variation in regulatory financial stability policy across countries.

• Freie Universität Berlin, Berlin, Germany

  Gundbert Scherf

Dr. Gundbert Scherf wrote his dissertation under the supervision of Prof. Dr. Henrik Enderlein, Chair of Political Economy, at the Freie Universität Berlin.

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