NCJ Number
140895
Date Published
1991
Length
84 pages
Annotation
This special journal issue contains three articles that critically examine the regulation of financial institutions.
Abstract
The papers focus on sociolegal dynamics of financial market regulation in domestic and international contexts. Relevant issues include but are not limited to political conflicts that surround regulatory agenda setting and implementation; determinants of regulation compliance behavior; comparisons of financial market regulatory structure, implementation, or effectiveness; contradictions between economic structures, financial market functions, and regulatory goals; and regulatory paradigms. The papers cover a range of financial institutions, including commodities markets and banking. Each paper attempts to explain the limits of law in the contradictions between socioeconomic dynamics of markets and their regulatory work and culture. Normative crises, systemic failures that characterize financial markets, provide the backdrop for each paper. In addition, each paper examines the architecture of regulation and its effect on institutional reproduction and the continuation of industry stratification. The papers show that policy choices made at one point in time can lead to institutional practices that become future opportunities and constraints. References and notes