Literature on the international financial architecture suggests that financial crises have had profound effects on both the balance of power in the establishment of financial regulation, and the economic impact of regulation on countries and regulated entities. In this article, we seek to add to...

This paper seeks to shed light on the most recent global standard for banking regulation - the so-called Basel III accord - by answering two interrelated questions: Are there any divergence in stakeholders’ preferences on global banking standards? What determines the success of stakeholders in...