The Politics of Enforcement: Eliot Spitzer, State-Federal Relations, and the Redesign of Financial Regulation
The dynamics of financial regulation in the United States have been transformed by a series of investigations mounted by Eliot Spitzer, the state attorney general of New York. Through the strategic use of his office, Spitzer has become one of the country's most successful policy entrepreneurs. His success is linked to the serendipitous confluence of three key factors: the diffused nature of regulatory authority in a federal system; the location of the state as the preeminent global financial centre; and the particularity of the New York State constitution, which offers little resistance to the vagaries of political ambition. The paper concludes that although Spitzer has highlighted serious structural problems and caused severe embarrassment, fundamental changes to market governance itself have been less evident. Copyright 2005, Oxford University Press.
Year of publication: |
2005
|
---|---|
Authors: | O'Brien, Justin |
Published in: |
Publius: The Journal of Federalism. - Oxford University Press, ISSN 0048-5950. - Vol. 35.2005, 3, p. 449-466
|
Publisher: |
Oxford University Press |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Measuring regulation and regulatory performance : benchmarking through key performance indicators
O'Brien, Justin, (2008)
-
Charting an icarian flightpath : the implications of the qantas deal collapse
O'Brien, Justin, (2007)
-
The politics of symbolism: Sarbanes-Oxley in context
O'Brien, Justin, (2006)
- More ...