Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5118390 | Policy and Society | 2016 | 14 Pages |
Abstract
Policy design, or the deliberate governmental effort to attain desired policy objectives, is an integral part of micro and macro-level fiscal and financial regulation. This paper seeks to address the role of regime coherence and policy capacity in contributing to effective financial policy design. Drawing on the cases of the Global Financial Crisis and Asian Financial Crisis and focusing on Asian states, we assess regime capacity at both international and domestic levels. We argue that it is the integration of analytical, operational and political capacities that have contributed to the overall ability of a government regime to address and respond to crises.
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Authors
J.J. Woo, M. Ramesh, Michael Howlett, Mehmet Kerem Coban,