Publications

As well as the political economy blog SPERI Comment,  SPERI publishes its research in a number of forms:

Listed below are our three latest publications:

SPERI Paper No. 40: Political Economy and the Paradoxes of Macroprudential Regulation by Andrew Baker

This Paper takes a close look at macroprudential regulation by engaging with its constituent concepts and how they interrelate to one another. The author argues that the emerging political economy of macroprudential regulation revolves around five paradoxes. The first three of these are paradoxes that characterise the financial system and are identified by the macroprudential perspective. In seeking to respond to these paradoxes, macroprudential policy generates a further two distinctly institutional and political paradoxes. The last of these is a central bankers’ paradox which relates to the source of independent central bank authority and the difficulty of building legitimacy and public support for macroprudential regulation.

SPERI Paper No. 39: British Business Strategy, EU Social and Employment Policy and the Emerging Politics of Brexit by Scott Lavery

This Paper highlights how Brexit will change the strategy of British Business which have traditionally engaged with the EU institutions in order to further their objectives. Through a document analysis of business responses to the Balance of Competences Review on EU Social and Employment Policy and CBI policy documents between 2010-2016, the author Scott Lavery outlines how British business has attempted to ‘defend and extend’ a liberalising agenda in the EU throughout the pre-referendum period. It is argued that Brexit fundamentally undermines this strategic orientation. The Paper concludes with some of the key strategic dilemmas which the ‘leave’ vote generates for British capital within the emerging politics of Brexit.

SPERI Paper No. 38: European Union Financial Regulation, Banking Union, Capital Markets Union and the UK by Lucia Quaglia

As part of the project on Diverging Capitalisms with FEPS and Policy Network, we are pleased to publish a new paper by Professor Lucia Quaglia which analyses the EU reforms in three key financial policy areas – financial regulation, Banking Union and Capital Markets Union – and the role played by the preferences and influence of the United Kingdom (UK) within them. She argues that the UK has played a variety of roles – ‘foot-dragger’, ‘fence-sitter’ and ‘pace-setter’ – in the policy areas under discussion. The (at times considerable) British influence was geared towards the attainment of preferences that were shaped by domestic politics and political economy, primarily the interests of the financial services industry and the City of London.