Regulatory Convergence in the Financial Periphery: How Interdependence Shapes Regulators’ Decisions

@article{Jones2019RegulatoryCI,
  title={Regulatory Convergence in the Financial Periphery: How Interdependence Shapes Regulators’ Decisions},
  author={Emily Jones and Alexandra O. Zeitz},
  journal={International Studies Quarterly},
  year={2019}
}
We examine the processes by which regulations prevailing in countries at the core of the global economy spread to countries outside this small group. We show how specific cross-border relationships between banks, regulators, and investors generate regulatory interdependence that drives the diffusion of international standards from the standard-setting countries at the core of the financial system to the financial periphery. We argue that regulatory decisions in the financial periphery are… Expand

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