Dr. Dieter Kerwer

External Contact Information
089 289 242 30
089 289 242 75
Technische Universität München
Fakultät für Wirtschaftswissenschaften
Barerstraße 21
80333 München

Research Focus: 

Political Governance, Organisation Theory, European Integration, International Financial Markets

Academic Career: 
  • Masters Degree in Sociology at the University of Bielefeld (1994).
  • Doctorate in Political and Social Science at the European University Institute in Florence (1999).
  • Collaboration in the Leibnitz Project on Environment and Transport Policy under the direction of Prof. Dr. A. Héritier (1994-1998).
  • Joined the Project Group in 1998 and left in 2003.


Standardizing as governance: the case of credit rating agencies
Max Planck Institute for Research on Collective Goods
The global integration of financial markets has been accompanied by a transformation of their governance structures. Private intermediary organisations now play a more important role than in the past. A prominent example is provided by the commercial credit rating agencies that have established themselves as influential gatekeepers of the international credit market. A problem with this form of intermediation is that when there are errors rating agencies can do considerable damage to borrowers and investors alike. Still, it is very difficult to hold rating agencies accountable. This paper proposes comparing the activity of credit rating agencies with standard setting in order to explain this accountability gap. The argument is that the standards of credit-worthiness established by the rating agencies are difficult to challenge because they are based on neutral expertise, on the one hand, but are subject to mandatory enforcement by financial market regulation, on the other. The resulting compliance without complaints reduces the possibilities for learning. This perspective leads to a research agenda in which the preconditions and institutional remedies for accountability problems of global governance by private intermediary organisations can be comparatively explored.
Elusive Europeanisation - Liberalising Road Haulage in the European Union
Max Planck Institute for Research on Collective Goods
Having established itself as a robust level of governance, the European Union now potentially affects its member states in more ways than ever before. Road haulage policy is an area in which a strong impact of European Union policy-making can be expected. Liberalisation at the European level contradicts widespread interventionist transport policy traditions of the member states. In this article we ask how France, Germany, and Italy, three countries with an interventionist transport policy tradition, are affected by European liberalisation. We find that all of the three countries have abandoned their policy traditions. However, domestic factors were more important than European factors in bringing about this change. European influence did not severely curtail national policy-making autonomy. In transport policy, Europeanisation is elusive because national institutional intermediation largely muffled the impact of European policy-making.