Widen the Market, Narrow the Competition

The strengthening of European supranantional governance was designed to foster integrated financial markets, but Daniel Mügge's impressive analysis shows how it also generated financial transformations that contributed to the recent financial crisis. This very readable and theoretically rich book should act as a cautionary tale to those inclined to leave regulatory policy in the hands of powerful bankers. -- Eric Helleiner, University of Waterloo

Daniel Mügge's book investigates the supranationalization of capital market governance in Europe and the interests behind it. Drawing upon British, French and German cases, Mügge explains brilliantly how financial reform in Europe shifted from national divergence to transnational lobbying. Theoretically innovative and thoroughly researched, this is an important book for all scholars of the international political economy and European governance. -- Leonard Seabrooke, University of Warwick

As capital markets eluded national governments, so the EU sensibly developed more supranational forms of financial governance. What sort of bargain was struck, whose interests prevailed? Did outcomes enhance the quality of financial governance or contribute to the lengthening shadow of crisis? A compelling read, Mügge's analysis fashions our understanding of the tragic options we now face. -- Geoffrey Underhill, University of Amsterdam

Since August 2008, Daniel Mügge has been Assistant Professor in International Relations and International Political Economy at the University of Amsterdam. In 2002, he was awarded an MA in International Relations (with honours) at the International School for Humanities and Social Sciences (ISHSS), University of Amsterdam. In September 2008, he defended his dissertation Widen the Market, Narrow the Competition: The Emergence of Supranational Governance in EU Capital Markets with a committee composed of Prof GRD Underhill (advisor), Dr BM Burgoon, Prof GCA Junne, Prof SP Lütz, and Prof JHF Story.