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Regulatory Institutions (regulatory + institution)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting42%
Humanities and Social Sciences28%

Selected Abstracts

REGULATORY INSTITUTIONS AND GOVERNANCE TRANSFORMATIONS IN LIBERALISING ELECTRICITY INDUSTRIES

ANNALS OF PUBLIC AND COOPERATIVE ECONOMICS, Issue 3 2006
Eva Niesten
ABSTRACT,:,The European liberalising electricity industries are still heavily regulated. A prominent form of regulation is directed at the energy companies' forms of governance. European and national regulations prohibit the vertically integrated structures that characterised these companies for almost a century. Detailed rules on unbundling, independence of the transmission and distribution system operators, and network access influence to a large extent the type of new governance structures that are adopted. This paper takes the institutional organisation of regulation into account to explain the regulatory influence on governance changes at the level of the firm. Examples of the Dutch and French electricity industries illustrate that the new forms of governance are heavily influenced by the institutional organisation of regulation. [source]

The Regulatory State and Turkish Banking Reforms in the Age of Post-Washington Consensus

DEVELOPMENT AND CHANGE, Issue 1 2010
Caner Bakir
ABSTRACT The new era of the Post-Washington Consensus (PWC), promoted under the auspices of International Financial Institutions such as the International Monetary Fund and the World Bank, centres on the need to develop sound financial regulation and strong regulatory institutions, especially in the realm of banking and finance in post-financial crisis developing countries. This article uses an examination of the Turkish banking sector experience with the PWC in the aftermath of the 2001 financial crisis to show its considerable strengths and weaknesses. The authors argue that the emergent regulatory state in the bank-based financial system has a narrow focus on strengthening prudential regulation, whilst ignoring the increased ,financialization' of the Turkish economy. They identify the positive features of the new era of the PWC in terms of prudential regulation, which has become much more robust in its ability to withstand external shocks. At the same time, however, the article highlights some of the limitations of the new era which resemble the limitations of the PWC. These include the distributional impact of the regulatory reforms within the banking sector, and notably the emergence of foreign banks as the major beneficiaries of this process; weaknesses in promoting productive bank intermediation that finance the real economy and economic growth, leading to poverty reduction via growth of employment whilst stimulating financialization within the economy; and finally, the exclusive focus on prudential regulation, whilst ignoring regulatory costs, consumer protection and competition regulation. [source]

Agenda formation and accounting standards setting: lessons from the standards setters

ACCOUNTING & FINANCE, Issue 3 2009
Bryan A. Howieson
M48 Abstract There are many studies on lobbying of accounting standards, but the technical agenda of regulators is taken as ,given' and why a particular topic was admitted to the agenda is not investigated. Agenda formation is important as control of the agenda determines which topics get regulated and the form of the regulatory response. A few studies have explored agenda formation across regulatory institutions but are largely silent on the role of individual decision makers and technical staff. However, the standards setters have sought to explain their agenda processes. This paper reviews statements by the members of accounting standards setting agencies about their experiences of agenda formation. It identifies insights gained from standard setters and makes some suggestions for future research. [source]

Financial Globalization: Unequal Blessings

INTERNATIONAL FINANCE, Issue 3 2002
Augusto De La Torre
This paper presents a framework to analyse financial globalization. It argues that financial globalization needs to take into account the relation between money (particularly in its role as store of value), asset and factor price flexibility, and contractual and regulatory institutions. Countries that have the ,blessed trinity' (international currency, flexible exchange rate regime, and sound contractual and regulatory environment) can integrate successfully into the (imperfect) world financial markets. Developing countries, though, normally display the ,unblessed trinity' (weak currency, fear of floating, and weak institutional framework). The paper defines and discusses two alternative avenues (a ,dollar trinity' and a ,peso trinity') for developing countries to safely embrace international financial integration while the blessed trinity remains beyond reach. [source]

Globalization, global health, and access to healthcare,

INTERNATIONAL JOURNAL OF HEALTH PLANNING AND MANAGEMENT, Issue 2 2003
Téa Collins
Abstract It is now commonly realized that the globalization of the world economy is shaping the patterns of global health, and that associated morbidity and mortality is affecting countries' ability to achieve economic growth. The globalization of public health has important implications for access to essential healthcare. The rise of inequalities among and within countries negatively affects access to healthcare. Poor people use healthcare services less frequently when sick than do the rich. The negative impact of globalization on access to healthcare is particularly well demonstrated in countries of transitional economies. No longer protected by a centralized health sector that provided free universal access to services for everyone, large segments of the populations in the transition period found themselves denied even the most basic medical services. Only countries where regulatory institutions are strong, domestic markets are competitive and social safety nets are in place, have a good chance to enjoy the health benefits of globalization. Copyright © 2003 John Wiley & Sons, Ltd. [source]

Corruption and Regulatory Structures,

LAW & POLICY, Issue 3-4 2004
Anthony Ogus
The methods of constraining corruption typically adopted in Western industrialized societies, increasing the transparency and accountability of decision-making, and intensifying the enforcement of criminal justice prohibitions, have not always proved to be effective in developing countries. This is not surprising, given that in many of them the resources available for law enforcement are relatively modest, and corruption is deeply embedded culturally. In this paper, I suggest a strategy of reducing the opportunities for corruption, rather than attempting to suppress it altogether. I focus on regulatory institutions and procedures, identifying key aspects to these arrangements, which, if appropriately designed, can achieve this goal. Some of the design strategies that I advocate are inconsistent with the models of regulatory arrangements that Western institutions have been urging developing countries to adopt. [source]

Taking Constitutionalism Beyond the State

POLITICAL STUDIES, Issue 3 2008
Neil Walker
In recent years, the idea that constitutional modes of government are exclusive to states has become the subject both of sustained challenge and of strong defence. This is due to the development at new regional and global sites of decision-making capacities of a scale and intensity often associated with the demand for constitutional governance at state level, to the supply at these same new sites of certain regulatory institutions and practices of a type capable of being viewed as meeting the demand for constitutional governance, as well as to a growing debate over whether and in what ways these developments in decision-making capacity and regulatory control should be coded and can be constructively engaged with in explicitly constitutional terms. The aim of the article is threefold. It asks why taking the idea and associated ethos and methods of constitutionalism ,beyond the state' might be viewed as a significant and controversial innovation, and so in need of explanation and justification , a question that requires us to engage with the definition of constitutionalism and with the contestation surrounding that definition. Secondly, taking account of the various arguments that lie behind these definitional concerns, it attempts to develop a scheme for understanding certain key features of constitutionalism and of its post-state development that is able to command broad agreement. Thirdly, and joining the concerns of the first two sections, it seeks to identify the key current tensions , or antinomies , surrounding the growth of post-state constitutionalism with a view to indicating what is at stake in the future career of that concept. [source]