Les réformes de la régulation financière américaine, instruments de progrès : un siècle de flux et reflux

Ruxandra Pavelchievici

Abstract :
While financial regulation reforms appear as a standard response to crises, and are determined by the macroeconomic environment, they also result from interest group pressure and ideological choices. In this paper, we show how waves of regulation, or deregulation, in the United States, reflect such choices, as well as different conceptions of socio-economic progress. While New Deal reforms sought to support economic recovery and equality through increased regulation, the Conservative revolution led to a deregulation movement aimed at promoting neoliberal values. The subprime crisis has sparked off a reregulation process, whereby financial legislation is designed according to the criterion of political accountability, and takes into account the necessity of financial stability as a public good.
Published : 2016-04-20

Citation

Ruxandra Pavelchievici, « Les réformes de la régulation financière américaine, instruments de progrès : un siècle de flux et reflux », Cycnos, 2016-04-20. URL : http://epi-revel.univ-cotedazur.fr/publication/item/189