Explaining variation and change in supervisory confidentiality in the European Union

Abstract

Some European Union member states’ financial regulators choose to make some of the data they routinely collect on individual banks publicly available. Others treat this data as confidential. What explains this difference? This paper considers the possible effects of crises, path-dependent legal institutions, and the design of deposit insurance schemes. At the national level, the paper focuses on contrasting German and Dutch cases. After the recent economic crisis, the Dutch released more data while the German authorities maintained strict confidentiality rules. The design of deposit insurance schemes provides a key reason why the level of secrecy varies, with the Dutch move from an ex post to an ex ante scheme where the government served as the ultimate backstop leading to questions about the accounts of individual banks while the German system favoured continued secrecy. The paper also describes the level of transparency at the EU level. Multilevel legal restrictions and bureaucratic capacity tilt EU banking union practices towards member states that treat financial supervisory data as confidential.     

Unipolarity,Hegemony, and the New Peace

Despite a few persistent, high-profile conflicts in the Middle East, the world is experiencing an era of unprecedented peace and stability. Many scholars have offered explanations for this “New Peace,” to borrow Steven Pinker's phrase, but few have devoted much time to the possibility that US hegemony has brought stability to the system. This paper examines the theoretical, empirical, and psychological foundations of the hegemonic-stability explanation for the decline in armed conflict. Those foundations are rather thin, as it turns out, and a review of relevant insights from political psychology suggests that unipolarity and stability are probably epiphenomenal. The New Peace can in all likelihood continue without US dominance and should persist long after unipolarity comes to an end.     

Neighborhood,Family, and Peer Factors Associated with Early Adolescent Smoking and Alcohol Use

There is broad agreement that neighborhood contexts are important for adolescent development, but there is less consensus about their association with adolescent smoking and alcohol use. Few studies have examined associations between neighborhood socioeconomic contexts and smoking and alcohol use while also accounting for differences in family and peer risk factors for substance use. Data drawn from the Seattle Social Development Project (N?=?808), a gender-balanced (female?=?49%), multiethnic, theory-driven longitudinal study originating in Seattle, WA, were used to estimate trajectories of smoking and alcohol use from 5th to 9th grade. Time-varying measures of neighborhood socioeconomic, family, and peer factors were associated with smoking and alcohol use at each wave after accounting for average growth in smoking and alcohol use over time and demographic differences. Results indicated that living in more socioeconomically disadvantaged neighborhoods, lower family income, lower family general functioning, more permissive family smoking environments, and affiliation with deviant peers were independently associated with increased smoking. Lower family functioning, more permissive family alcohol use environments, and deviant peers were independently associated with increased alcohol use. The effect of neighborhood disadvantage on smoking was mediated by family income and deviant peers while the effect of neighborhood disadvantage on alcohol use was mediated by deviant peers alone. Family functioning and family substance use did not mediate associations between neighborhood disadvantage and smoking or alcohol use. The results highlight the importance of neighborhood, family, and peer factors in early adolescent smoking and alcohol use. Future studies should examine the unique association of neighborhood disadvantage with adolescent smoking net of family socioeconomics, functioning, and substance use, as well as peer affiliations. Better understanding of the role of contextual factors in early adolescent smoking and alcohol use can help bolster efforts to prevent both short and long harms from substance use.     

Does the Ideological Proximity Between Candidates and Voters Affect Voting in U.S. House Elections?

Do citizens hold congressional candidates accountable for their policy positions? Recent studies reach different conclusions on this important question. In line with the predictions of spatial voting theory, a number of recent survey-based studies have found reassuring evidence that voters choose the candidate with the most spatially proximate policy positions. In contrast, most electoral studies find that candidates’ ideological moderation has only a small association with vote margins, especially in the modern, polarized Congress. We bring clarity to these discordant findings using the largest dataset to date of voting behavior in congressional elections. We find that the ideological positions of congressional candidates have only a small association with citizens’ voting behavior. Instead, citizens cast their votes “as if” based on proximity to parties rather than individual candidates. The modest degree of candidate-centered spatial voting in recent Congressional elections may help explain the polarization and lack of responsiveness in the contemporary Congress.     

James Bond,Ian Fleming and intelligence: breaking down the boundary between the ‘real’ and the ‘imagined’

This article looks to answer the question of why the James Bond novels and films should matter to scholars of intelligence and national security. We argue that Bond is important because, rightly or wrongly, and not without inaccuracy, it has filled a public knowledge vacuum about intelligence agencies and security threats. On another level, this article explores the unexpected yet important interactions between Bond and the actual world of intelligence. We contend that the orthodoxy dictating that Bond and spying are diametric opposites—one is the stuff of fantasy, the other is reality—is problematic, for the worlds of Bond and real intelligence collide, overlap and intermesh in fascinating and significant ways. In short, Bond is important for scholars because he is an international cultural icon that continues to operate at the borders of fiction and reality, framing and constructing not only public perceptions but also to some degree intelligence practices. Core narratives of intelligence among not only the public but also policymakers and intelligence officers are imagined, sustained, deepened, produced and reproduced through and by Bond. We conclude that Bond and intelligence should be thought of as co-constitutive; the series shapes representations and perceptions of intelligence, but it also performs a productive role, influencing the behaviours of intelligence agencies themselves.     

Fusing algorithms and analysts: open-source intelligence in the age of ‘Big Data’

In the age of ‘Big Data’, the potential value of open-source information for intelligence-related purposes is widely recognised. Of late, progress in this space has increasingly become associated with software that can expand our ability to gather, filter, interrelate and manipulate data through automated processes. The trend towards automation is both innovative and necessary. However, techno-centric efforts to replace human analysts with finely crafted algorithms across the board, from collection to synthesis and analysis of information, risk limiting the potential of OSINT rather than increasing its scope and impact. Effective OSINT systems must be carefully designed to facilitate complementarity, exploit the strengths, and mitigate the weaknesses of both human analysts and software solutions, obtaining the best contribution from both. Drawing on insights from the field of cognitive engineering, this article considers at a conceptual level how this might be achieved.