4.4 Article

Digital sovereignty as control: the regulation of digital finance in the European union

相关参考文献

注意:仅列出部分参考文献,下载原文获取全部文献信息。
Article Economics

The exclusive nature of global payments infrastructures: the significance of major banks and the role of tech-driven companies

Barbara Brandl et al.

Summary: Despite the existence of a global payment infrastructure, the movement of actual money is not directly executed due to the lack of reliable payment infrastructure linked to national guarantees. Intermediaries have to establish trust through a highly centralized approach. There are three models of payment infrastructure provision: bank-based systems, financial infrastructure provided by global companies, and the entrance of tech-driven companies. Digital technologies may not necessarily solve the problems, but could potentially worsen them.

REVIEW OF INTERNATIONAL POLITICAL ECONOMY (2023)

Article Political Science

Post-Brexit financial services in the EU

Shawn Donnelly

Summary: This paper uses a modified battle of the systems approach to explain the migration of financial services from London to the EU. It reveals that UK-based financial services companies were pressured by the European Central Bank and European Commission to migrate to the EU by 2022. The companies chose EU cities that were most suitable for their business models, with the exception of clearing services. Frankfurt's strategy focused on establishing a single prime financial center, while Paris succeeded with a network of financial services spread across European cities coordinated in France using information and communication technology.

JOURNAL OF EUROPEAN PUBLIC POLICY (2023)

Article Political Science

Narratives of digital sovereignty in German political discourse

Daniel Lambach et al.

Summary: This article aims to map out the various meanings attributed to digital sovereignty in German political discourse. The analysis identifies seven different but overlapping narratives in the German discourse, which support diverse political agendas.

GOVERNANCE-AN INTERNATIONAL JOURNAL OF POLICY ADMINISTRATION AND INSTITUTIONS (2023)

Article Area Studies

Risk vs. threat-based cybersecurity: the case of the EU

Sarah Backman

Summary: This study highlights the shift from risk-based to threat-based security logic in the development of EU cybersecurity discourse. It identifies specific areas of member state contestation accompanying this shift and discusses the findings in relation to the development of the EU as a security actor in the wider international cybersecurity landscape.

EUROPEAN SECURITY (2023)

Article Economics

As Open as Possible, as Autonomous as Necessary: Understanding the Rise of Open Strategic Autonomy in EU Trade Policy

Luuk Schmitz et al.

Summary: The EU has recently embraced open strategic autonomy as the conceptual cornerstone of its renewed trade policy, which can be understood against the changing global environment. The geopoliticization of trade has changed the Commission's view, allowing neo-mercantilist actors to challenge Europe's embedded neoliberal compromise. Through document analysis, interviews, and discourse network analysis, this paper shows how the Commission used open strategic autonomy to mobilize support for its new doctrine of qualified openness.

JCMS-JOURNAL OF COMMON MARKET STUDIES (2023)

Article Economics

'A Sovereign Europe'? Strategic Use of Discourse at the Service of French Economic Interests in EU Politics (2017-2022)

Salih I. Bora

Summary: The 'practice turn' in European Union (EU) studies has revealed the significance of everyday actions in producing European integration. However, scholars have overlooked the emergence of a 'European sovereignty' discourse in EU politics. This article examines the objectives of President Macron and the French government in introducing this discourse, arguing that it is a discursive practice instrumentalizing security threats to legitimize France's economic policy objectives.

JCMS-JOURNAL OF COMMON MARKET STUDIES (2023)

Article Economics

From Market Liberalism to Public Intervention: Digital Sovereignty and Changing European Union Digital Single Market Governance

Sebastian Heidebrecht

Summary: With the increasing importance of digital services, the European Union is deepening its digital single market. While the single market has been criticized as neoliberalism, recent discussions on digital sovereignty show a desire for more control in the digital sphere. A historical case study of digital services regulation and data protection in the EU reveals a shift towards less market liberalism and more public interventionism, with stakeholders and public authorities gaining importance in governance processes.

JCMS-JOURNAL OF COMMON MARKET STUDIES (2023)

Article Political Science

Moving on to not fall behind? Technological sovereignty and the geo-dirigiste' turn in EU industrial policy

Timo Seidl et al.

Summary: The fear of falling behind has driven European integration, leading to a shift towards supranational market-direction in EU industrial policy. In order to safeguard Europe's technological sovereignty, Europe has taken on a more active role in directing economic activity towards important sectors and technologies. This paper reconstructs the evolution of EU industrial policy and explains the reasons for this 'geo-dirigiste' turn.

JOURNAL OF EUROPEAN PUBLIC POLICY (2023)

Article Political Science

Financial regulatory conundrums in the North Atlantic

Elliot Posner et al.

Summary: This article presents a significant pattern of sustained regulatory stringency in the United States and the European Union in the area of financial regulation. The analysis combines theories on international economic interdependence, temporal process, and market power to explain the emergence of this pattern. The study contributes to qualitative research, advances theory, and provides insights into debates about global public goods.

EUROPEAN JOURNAL OF POLITICAL RESEARCH (2023)

Article Economics

Problematising EU Cybersecurity: Exploring How the Single Market Functions as a Security Practice

Tobias Liebetrau

Summary: This article explores the integration of the European Union single market in the area of cybersecurity and its implications for European Studies and Critical Security Studies. It argues that the EU has made digitisation a security concern and governance object, and traces four decades of EU security problematisations of digitisation. The article emphasizes the political implications of the single market functioning as a security practice.

JCMS-JOURNAL OF COMMON MARKET STUDIES (2023)

Article Development Studies

Disentangling derivatives: international policy reforms concerning central counterparties

Lucia Quaglia et al.

Summary: International policy reforms post-2008 financial crisis emphasized the need for precise and consistent rules in derivatives markets. Regulators played a significant role in establishing international standards for CCPs, addressing common challenges and utilizing policy coordination tools in transgovernmental networks.

JOURNAL OF ECONOMIC POLICY REFORM (2022)

Article Economics

Playing the Market Card: The Commission's Strategy to Shape EU Cybersecurity Policy

Ana Paula Brandao et al.

Summary: This article examines the strategies of the European Commission to play a prominent role in cybersecurity policy within the EU. By analyzing the Commission's initiatives in developing a European response to cybercrime, it reveals how the Commission purposefully explored a market-security nexus to influence a traditionally intergovernmental security issue, making it a more relevant player than anticipated.

JCMS-JOURNAL OF COMMON MARKET STUDIES (2022)

Article Economics

Governing Fintech and Fintech as Governance: The Regulatory Sandbox, Riskwashing, and Disruptive Social Classification

Eric Brown et al.

Summary: This article evaluates the regulatory sandbox as a response to the challenges brought by financial technology, noting that it actually promotes riskwashing of fintech instead of containing it. The authors call for an increase in the number and power of veto players and veto points in complex regulatory regimes.

NEW POLITICAL ECONOMY (2022)

Article Communication

Safeguarding European values with digital sovereignty: an analysis of statements and policies

Huw Roberts et al.

Summary: The European Union has shown an increasing intention to strengthen its digital sovereignty in order to safeguard European values, but there is still uncertainty about how this term should be defined. Analyzing existing policies and proposing new solutions is seen as crucial in order to further enhance the EU's digital sovereignty and protect its core values.

INTERNET POLICY REVIEW (2021)

Article History

Financial crisis and the recurrence of economic nationalism

Jan-Otmar Hesse

JOURNAL OF MODERN EUROPEAN HISTORY (2021)

Article Economics

Finance/security infrastructures

Marieke de Goede

Summary: This article highlights the blind spot in International Political Economy literature regarding the colonial and contested histories of financial infrastructures. It argues that financial infrastructures are profoundly political and rooted in long-term colonial histories, pointing towards the postcolonial nature of contemporary capitalism and finance.

REVIEW OF INTERNATIONAL POLITICAL ECONOMY (2021)

Article Economics

The Platform Political Economy of FinTech: Reintermediation, Consolidation and Capitalisation

Paul Langley et al.

Summary: This paper views FinTech as a platform political economy characterized by reintermediation, consolidation, and capitalization. Organizations are engaging in platform reintermediation processes, leading to strong tendencies towards platform consolidation and intensive processes of capitalization from venture capital, private equity funds, banks, and BigTech firms.

NEW POLITICAL ECONOMY (2021)

Article International Relations

Discursive continuity and change in the time of Covid-19: the case of EU cybersecurity policy

Helena Carrapico et al.

JOURNAL OF EUROPEAN INTEGRATION (2020)

Article Political Science

Power through, over and in ideas: conceptualizing ideational power in discursive institutionalism

Martin B. Carstensen et al.

JOURNAL OF EUROPEAN PUBLIC POLICY (2016)

Article Political Science

A historical institutionalist explanation of the EU's responses to the euro area financial crisis

Amy Verdun

JOURNAL OF EUROPEAN PUBLIC POLICY (2015)

Article Political Science

Speaking of change: why discourse is key to the dynamics of policy transformation

Vivien A. Schmidt

CRITICAL POLICY STUDIES (2011)

Article Cultural Studies

New visions, old practices: Policy and regulation in the Internet era

Robin Mansell

CONTINUUM-JOURNAL OF MEDIA & CULTURAL STUDIES (2011)

Article Political Science

Case selection techniques in case study research - A menu of qualitative and quantitative options

Jason Seawright et al.

POLITICAL RESEARCH QUARTERLY (2008)

Article Political Science

In search of co-variance, causal mechanisms or congruence? Towards a plural understanding of case studies

Joachim Blatter et al.

SWISS POLITICAL SCIENCE REVIEW (2008)

Article Political Science

Increasing returns, path dependence, and the study of politics

P Pierson

AMERICAN POLITICAL SCIENCE REVIEW (2000)