The credit crisis that began in the summer of 2007 has fundamentally challenged much financial regulation and the political institutions that produced it. Measured against the criticisms that have been brought forth against previous financial governance, the extent of governments’ overall reform ambitions has been disappointing. Starting from this observation, this article asks: what explains governments’ reform choices, and thus also their limited ambitions? To explore this question, this article focuses on the positions that four governments central to global financial regulation (the USA, the UK, Germany and France) have taken in advance of the G20 meetings in 2009 across four key issue areas: accounting standards, derivatives trading, credit ratings agencies and banking rules. It evaluates both the overlap between positions across domains and governments as well as the differences between them. Such variation, we argue, provides key clues to the overall drivers behind reforms – as well as their limits. The overall picture that emerges can be summarized as follows: governments have been staunch defenders of their national firms’ competitive interests in regulatory reforms. That has not necessarily meant that they followed industry preferences across the board. It has been the relative impact, compared to foreign competitors, that counted in reform positions, not the absolute impact. These differences of opinion have played out within the context and the limits of the overall debates about thinkable policy alternatives. In spite of fundamental criticisms of pre-crisis regulatory orthodoxy, convincing and coherent alternatives have been forthcoming slowly at best. This has made reform proposals less radical than criticisms, seen on their own, might suggest. |
Zoekresultaat: 32 artikelen
Jaar 2012 xArtikel |
Ontbrekende alternatieven en gevestigde belangenEen studie naar de posities van overheden in hervormingsdebatten tijdens de financiële crisis |
Tijdschrift | Beleid en Maatschappij, Aflevering 4 2012 |
Auteurs | Daniel Mügge PhD en Bart Stellinga MA MSc |
SamenvattingAuteursinformatie |
Artikel |
Laveren tussen belanghebbendenReële autonomie en financieel toezicht |
Tijdschrift | Beleid en Maatschappij, Aflevering 4 2012 |
Trefwoorden | regulatory governance, de facto autonomy, financial supervision, bureaucracy, institutional reform |
Auteurs | Dr. Caelesta Braun |
SamenvattingAuteursinformatie |
De facto autonomy, the actual potential of regulatory agencies to go about their daily work, is often conceived to be more important to explain regulatory capacity than its formal autonomy and responsibilities. In this article we investigate whether external context factors, such as the financial and economic crisis have an impact on de facto autonomy. More specifically, we investigate whether the de facto autonomy varies after the crisis and distinctively so for specific subsets of employees within regulatory agencies. According to literature, mid-level managers of agencies are key to de facto autonomy and building a secure reputation for the agency in question. We test these external and internal effects on de facto autonomy with a survey among employees of the Dutch Financial Market Authority (N = 248). The findings show that the perceived influence of stakeholders is relatively constant, but that it is more dynamic for European stakeholders. Both middle managers and employees working at strategic and policy departments of the agency conceive the impact of European stakeholders as increasing in nature. The findings have important implications for our studies of de facto autonomy of regulatory agencies as well as reform potential after major institutional crises. |
Boekbespreking |
Vormgeven aan een evolutionaire publieke innovatiestrategie |
Tijdschrift | Bestuurskunde, Aflevering 4 2012 |
Trefwoorden | innovation, public sector innovation, innovation strategy |
Auteurs | Marcel Thaens |
SamenvattingAuteursinformatie |
Innovation is a popular theme in society as well as in public administration. This essay focuses on innovations that take place within the realm of the public sector. How can these innovations be developed and what do we know about their adoption and diffusion? Is it possible to steer these innovations and if so, how can it be done? Based on analyses of recent scientific insights, Bekkers, Edelenbos and Steijn (2011) plea for an incremental adaptive evolutionary public innovation strategy. Within the framework of such a strategy, innovation has to be directed towards increasing the connective capacity within government. Also, the specific, political character of the public sector as the context of innovation has to be acknowledged. Furthermore, it is also important to find a balance between the logic of consequentiality and the logic of appropriateness. Based on dissertations by Huijboom (2010), Korteland (2011) and Oosterbaan (2012) the meaning of this evolutionary strategy for public sector organizations is explored. |
Boekbespreking |
Dissertaties |
Tijdschrift | Bestuurskunde, Aflevering 4 2012 |
Artikel |
Onderwijstoezicht in een polycentrisch sturingsmodelDilemma's bij het vaststellen en verbeteren van de onderwijskwaliteit |
Tijdschrift | Bestuurskunde, Aflevering 4 2012 |
Trefwoorden | polycentric governance, education, regulation |
Auteurs | Marlies Honingh en Melanie Ehren |
SamenvattingAuteursinformatie |
Over the last decade educational regulation has changed dramatically. Attempts to develop more cost-efficient regulation and to reduce the regulatory burden paralleled an increased focus on student achievement and sanctioning of failing schools. Additionally, the Inspectorate of Education holds school boards (instead of school principals) accountable for the quality development of their schools. Also, a change in legislation now requires schools to establish an internal supervisory board and improve their accountability to stakeholders. These changes greatly impact the role of the Dutch Education Inspectorate as they are placed in a polycentric, instead of a monocentric, steering context. This article discusses the new position and role of the Dutch Education Inspectorate and evaluates the extent to which the educational sector and the Inspectorate of Education meet the requirements of such a polycentric context. |
Artikel |
Waarom ‘Anders omgaan met water’ niet leeft bij burgers |
Tijdschrift | Bestuurskunde, Aflevering 4 2012 |
Trefwoorden | frames, discourses, myth, flood safety policy, public engagement |
Auteurs | Trudes Heems en Baukje Kothuis |
SamenvattingAuteursinformatie |
Problems with the rivers were the incentive to change Dutch flood safety policy in 2000. ‘A different approach to water’ became the new policy slogan. Government presumes that public engagement in decision-making on flood safety will lead to more water awareness and risk aware behaviour. ‘No or hardly any negative side-effects’ are expected from this strategy. However, our research shows that public engagement in flood safety decision-making leads to fierce policy contestation, since proposed solutions do not meet the safety perception of local citizens. ‘A different approach to water’ strategy does not resonate in Dutch society because most people are convinced that government guarantees water safety. In this article we explain that this so-called ‘myth of water safety’ is based on a deep frame of risk control. We argue that flood safety needs to be reframed and that a new frame should be based on acceptance of vulnerability instead of risk control. |
Column |
|
Tijdschrift | Beleidsonderzoek Online, november 2012 |
Auteurs | Frans Leeuw en Bastiaan Leeuw |
Auteursinformatie |
Symposium |
Goed voedsel en de verplaatsing van de politiek |
Tijdschrift | Res Publica, Aflevering 4 2012 |
Auteurs | Herman Lelieveldt, Klaas Breunissen, Kees de Vré e.a. |
Auteursinformatie |
Artikel |
It doesn’t always go according to planEen reactie op het Rob-rapport In gesprek of verkeerd verbonden? |
Tijdschrift | Beleid en Maatschappij, Aflevering 3 2012 |
Auteurs | Dr. Kristof Jacobs |
SamenvattingAuteursinformatie |
In this feature authors discuss recent research findings that are of interest to readers of Beleid en Maatschappij. |
Artikel |
Elite ethiekHoe politici en topambtenaren invulling geven aan publieke waarden |
Tijdschrift | Beleid en Maatschappij, Aflevering 3 2012 |
Trefwoorden | public values, government elites, political-administrative relations, elite interviewing, ethics, elites |
Auteurs | Dr. Zeger van der Wal |
SamenvattingAuteursinformatie |
This paper reports on a qualitative interview study into the prioritization and interpretation of public values government elites in the Netherlands, comparing value preferences between political and administrative elites. Based on 65 in-depth interviews with MPs, ministers and senior civil servants, statements on four public values (responsiveness, expertise, lawfulness, transparency) that have been deducted through a substantive literature review, are coded and categorized. Overall, political and administrative value preferences in the Netherlands turn out to be more similar than they are different. However, mutual perceptions emphasize differences and contrasts. Theoretical and practical implications of the results are offered and hypotheses are formulated for future studies. |
Praktijk |
Minder belastingen én minder begrotingstekort: Een onmogelijk partnerschap? |
Tijdschrift | Bestuurskunde, Aflevering 3 2012 |
Trefwoorden | Mitt Romney, Barack Obama, fiscal conservatism |
Auteurs | Zeger van der Wal |
SamenvattingAuteursinformatie |
At first glance the notion that lower taxes will decrease the government deficit sounds like a nonsensical idea. Nevertheless this is one of the main arguments brought forward in Mitt Romney's bid to oust Barack Obama from the White House. In this essay, the author compares the arguments brought forward by the Romney campaign and other fiscal conservatives with those of their critics. He discusses the paradigms underlying Romney's fiscal conservatism from a mixed European/Asian perspective. The author argues that while lowering taxes may sound alluring during a political campaign, without them it will prove hard to maintain our standard of living. |
Artikel |
Street-level bureaucrats tussen organisaties: De hernieuwde relevantie van Lipsky's werk |
Tijdschrift | Bestuurskunde, Aflevering 3 2012 |
Trefwoorden | Street-level bureaucrat, interorganizational cooperation, networks |
Auteurs | Taco Brandsen, Mirjan Oude Vrielink en Liesbeth Collignon |
SamenvattingAuteursinformatie |
Recent developments shed a new light on the role of Lipsky's classic analysis of the street-level bureaucrat. A growing number of social services is provided as a product of cooperation between different actors: government agencies, societal organizations, private businesses, citizens. As a result of this development, the street-level bureaucrat now increasingly operates in an interorganizational network, rather than within one single organization. This (partly) changes the dilemmas he has to deal with. The authors demonstrate this by analyzing the so-called ‘Achter de Voordeur’ projects, whereby house-calls of street-level bureaucrats are linked with full cooperation between local authorities. |
Research Note |
Het governancenetwerk van de Europese voetbalsportHet introduceren van nieuwe goverancebenaderingen om voetbal te sturen op EU-niveau |
Tijdschrift | Res Publica, Aflevering 3 2012 |
Auteurs | Arnaut Geeraert, Jeroen Scheerder en Hans Bruyninckx |
Auteursinformatie |
Essay |
Peter Mair en de vertegenwoordigende democratie |
Tijdschrift | Res Publica, Aflevering 3 2012 |
Auteurs | Rudy B. Andeweg |
Auteursinformatie |
Symposium |
Tussen representatie en deliberatie |
Tijdschrift | Res Publica, Aflevering 3 2012 |
Auteurs | Kris Deschouwer, Didier Caluwaerts, Henk van der Kolk e.a. |
Auteursinformatie |
Article |
Ontzuiling van kiesgedrag. Een proces van generationele vervanging gedreven door cognitieve mobilisatie?Een age-period-cohort-analyse van stemmen voor CDA en PvdA in Nederland, 1971-2010 |
Tijdschrift | Res Publica, Aflevering 3 2012 |
Trefwoorden | generational replacement, age-period-cohort-analysis, composition effects, cognitive mobilization, the Netherlands, cleavage voting |
Auteurs | Ruth Dassonneville |
SamenvattingAuteursinformatie |
Electoral behavior has changed considerably over the last few decades. The Netherlands are exemplary of how the cleavage structure has waned and how this has led to a weakening of the bonds between parties and voters and to higher levels of electoral volatility. Christian democratic and social democratic parties are most affected by these changes, because of their strong roots in the cleavage structure. The alterations in electoral behavior are generally assumed to be evolving gradually through a process of generational replacement. Composition effects on the one hand and a weakening of the impact of socio-structural factors, partly caused by cognitive mobilization on the other hand are considered to be the mechanisms behind this generational change. This paper tests these assumptions with regard to the Netherlands on the basis of the Dutch Parliamentary Election Surveys, 1971-2010. The findings indicate that while some variation between different birth cohorts is visible, most of the differences in voting for both of these parties, however, are situated at the level of election years. Furthermore, with regard to what drives change over time, the analyses indicate that while composition effects and changes in the effects of socio-structural variables are of some importance, cognitive mobilization is not causing the change observed. |
Praktijk |
Innovatieve organisatievormen in de publieke dienstverleningVan compact en klein naar meervoudig en hybride |
Tijdschrift | Bestuurskunde, Aflevering 2 2012 |
Auteurs | Philip Marcel Karré |
Auteursinformatie |
Artikel |
Politiek en samenleving in het post-Fortuyn tijdperk |
Tijdschrift | Beleid en Maatschappij, Aflevering 2 2012 |
Auteurs | Sarah de Lange |
SamenvattingAuteursinformatie |
The assassination of Pim Fortuyn and the electoral breakthrough of his Lijst Pim Fortuyn sent shockwaves through the Netherlands in May 2002. This article assesses the influence Fortuyn has had on Dutch politics and society. It provides an overview of the research that has been conducted on this topic over the past decade and relates the findings of previous studies to research on the consequences of the emergence of radical right-wing populist parties on West European party systems. |
Artikel |
Voor en na Fortuyn. Veranderingen en continuïteiten in het burgeroordeel over het democratisch bestuur in Nederland |
Tijdschrift | Beleid en Maatschappij, Aflevering 2 2012 |
Trefwoorden | Fortuyn, democratic governance, legitimacy, support, satisfaction |
Auteurs | Prof. dr. Frank Hendriks, Dr. Julien van Ostaaijen en Marcel Boogers |
SamenvattingAuteursinformatie |
For several years, Dutch and international survey research programmes, such as the European Values Studies, the Eurobarometer, and the Dutch Parliamentary Elections Studies, have registered the judgements of (Dutch) citizens regarding a wide variety of topics. The Legitimacy-monitor Democratic Governance (Hendriks, Van Ostaaijen & Boogers, 2011) assembles those statistics that together present a layered picture of the legitimacy of democratic governance in the eyes of Dutch citizens. For this article, we review those statistics and take the ‘Fortuyn-year 2002’, the year in which Fortuyn shook up Dutch politics, as a demarcation point. Among the many continuities in pre- and post-Fortuyn statistics, we register a number of marked changes in the judgements of citizens regarding democratic governance in the Netherlands. The most salient, we conclude, is the growing thirst for vigorous ‘leadership’, which not only breaks with the trend of several decades (ever weaker preference for strong leadership), but also the logic of Dutch consensus democracy (many hands and not one head). |