REGULATORY OPPORTUNISM: CROSS‐NATIONAL PATTERNS IN NATIONAL BANKING REGULATORY RESPONSES FOLLOWING THE GLOBAL FINANCIAL CRISIS

• DOI: 10.1111/j.1467-9299.2012.02102.x
• Publication Date: 2013-02-11T07:06:38Z
• Authors: KEVIN L. YOUNG; SUNG HO PARK
• Keywords: Financialization; Dominance (genetics)

The variation in national regulatory responses to the recent global financial crisis has been considerable. This article explores this using new data on conditions 30 different OECD countries between 2009 and 2012. Using a mixed‐method approach which employs both fuzzy‐set qualitative comparative analysis logistic regression, we test number of hypotheses regarding response patterns banking sector. Our findings suggest that while state intervention during was necessary condition for significant response, ‘financialization’, operationalized here as structural dominance sector economy, plays more important role. We show financialization is sufficient good predictor point possible causal explanations surprising pattern.