The politicisation of macroprudential regulation: The critical Swedish case
15 January, 2018
Claes Belfrage and Markus Kallifatides have published an article on macroprudential regulation in Sweden in top journal Environment and Planning A.
This article explores the prospects of stabilising financialisation in Europe as a spatial-temporal fix for Anglo-American capitalism’s crisis-tendencies. We analyse the politics of (countercyclical) macroprudential regulation in the critical case study of Sweden. Here, macroprudential regulation is introduced, in contrast with much of the rest of the EU economies, in a credit boom.
We find evidence of an administrative crisis, as technocrats face the political constraints on re-regulating financialised accumulation. This suggests that the conditions are ripe for a deepened administrative crisis in Europe once countercyclical macroprudential regulation is implemented.
The article in full text:
