Taming the Cycles of Finance?

Matthias Thiemann is associate professor of European public policy at sciences po's center for European studies. His work focuses on the ideational underpinnings of financial regulation and its policy effects. He published The Growth of Shadow Banking: A Comparative Institutional Analysis (2018) with Cambridge University Press.

• 1. Introduction; 2. The changing regulation of finance after the crisis: state of the art and beyond; 3. The evolution of systemic risk thinking pre-crisis: an expert network in the making; 4. The selective rise of macro-prudential ideas in the wake of the crisis; 5. Is resilience enough? the implementation of the macro-prudential reform agenda in the US, the UK and the Euro-zone; 6. From the global to the local: enacting the counter-cyclical capital buffer through the creation of early warning systems; 7. Taming liquidity and leverage in the shadow banking sector; 8. Into the upswing; 9. The crisis that wasn't: the covid crisis and its regulatory implications; 10. Conclusion: the asymmetric application of financial stability concerns.

'By building a political-economic narrative that is empirically authoritative, well written, superimposed on successive events, and linked to policy responses in a world of big stakes and powerful interests, the author has made a welcome contribution. … Highly recommended.' I. Walter, Choice