The normative guideposts, constraints and externalities of the regime complex for financial crisis response:a case study of Iceland, the Eurozone and Argentina
Financial crisis response (“FCR”) policies are governed by nested, parallel, partially overlapping, and non-hierarchical normative arrangements, which collectively form a regime complex. Due to its inherent susceptibility to “salience” and “accessibility” biases, this governance model undermines the...
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ftgradinstgene:oai:repository.graduateinstitute.ch:301379 2023-10-29T02:37:22+01:00 The normative guideposts, constraints and externalities of the regime complex for financial crisis response:a case study of Iceland, the Eurozone and Argentina Kyriakou, Panagiotis 2023-03-31T12:22:41Z http://repository.graduateinstitute.ch/record/301379 unknown Geneva, Graduate Institute of International and Development Studies https://repository.graduateinstitute.ch/record/301379/files/Kyriakou%20-%20PhD%20Thesis%20for%20Official%20Deposit.pdf http://repository.graduateinstitute.ch/record/301379 http://repository.graduateinstitute.ch/record/301379 Text 2023 ftgradinstgene 2023-10-01T23:53:46Z Financial crisis response (“FCR”) policies are governed by nested, parallel, partially overlapping, and non-hierarchical normative arrangements, which collectively form a regime complex. Due to its inherent susceptibility to “salience” and “accessibility” biases, this governance model undermines the visibility and adaptivity of FCR norms, leading to informationally imperfect decision-making, limited accountability, power politics and normative stagnation. The present thesis draws attention to the tangible, real-life impact FCR norms may have on the policies they govern by identifying concrete ways in which FCR norms may serve as guideposts, constraints, and externalities in relation to FCR policies, using the Icelandic, Eurozone and Argentine financial crises as case studies. By empirically demonstrating that the FCR complex is amenable to, and worthy of, systematic analysis, the thesis seeks to increase the level of executive and regulatory attention currently enjoyed by FCR norms, thereby helping to eliminate the biases against their salience and accessibility, close their visibility and adaptivity deficits and mitigate the risks of informationally imperfect decision-making, limited accountability, power politics and normative stagnation. Text Iceland Graduate Institute of International and Development Studies Institutional Repository |
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Graduate Institute of International and Development Studies Institutional Repository |
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Financial crisis response (“FCR”) policies are governed by nested, parallel, partially overlapping, and non-hierarchical normative arrangements, which collectively form a regime complex. Due to its inherent susceptibility to “salience” and “accessibility” biases, this governance model undermines the visibility and adaptivity of FCR norms, leading to informationally imperfect decision-making, limited accountability, power politics and normative stagnation. The present thesis draws attention to the tangible, real-life impact FCR norms may have on the policies they govern by identifying concrete ways in which FCR norms may serve as guideposts, constraints, and externalities in relation to FCR policies, using the Icelandic, Eurozone and Argentine financial crises as case studies. By empirically demonstrating that the FCR complex is amenable to, and worthy of, systematic analysis, the thesis seeks to increase the level of executive and regulatory attention currently enjoyed by FCR norms, thereby helping to eliminate the biases against their salience and accessibility, close their visibility and adaptivity deficits and mitigate the risks of informationally imperfect decision-making, limited accountability, power politics and normative stagnation. |
format |
Text |
author |
Kyriakou, Panagiotis |
spellingShingle |
Kyriakou, Panagiotis The normative guideposts, constraints and externalities of the regime complex for financial crisis response:a case study of Iceland, the Eurozone and Argentina |
author_facet |
Kyriakou, Panagiotis |
author_sort |
Kyriakou, Panagiotis |
title |
The normative guideposts, constraints and externalities of the regime complex for financial crisis response:a case study of Iceland, the Eurozone and Argentina |
title_short |
The normative guideposts, constraints and externalities of the regime complex for financial crisis response:a case study of Iceland, the Eurozone and Argentina |
title_full |
The normative guideposts, constraints and externalities of the regime complex for financial crisis response:a case study of Iceland, the Eurozone and Argentina |
title_fullStr |
The normative guideposts, constraints and externalities of the regime complex for financial crisis response:a case study of Iceland, the Eurozone and Argentina |
title_full_unstemmed |
The normative guideposts, constraints and externalities of the regime complex for financial crisis response:a case study of Iceland, the Eurozone and Argentina |
title_sort |
normative guideposts, constraints and externalities of the regime complex for financial crisis response:a case study of iceland, the eurozone and argentina |
publisher |
Geneva, Graduate Institute of International and Development Studies |
publishDate |
2023 |
url |
http://repository.graduateinstitute.ch/record/301379 |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
http://repository.graduateinstitute.ch/record/301379 |
op_relation |
https://repository.graduateinstitute.ch/record/301379/files/Kyriakou%20-%20PhD%20Thesis%20for%20Official%20Deposit.pdf http://repository.graduateinstitute.ch/record/301379 |
_version_ |
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