kaal:claim:2273857-001

Governance adjustments enacted via stable rules in reaction to financial crises are inevitably followed by relaxation, revision, and retraction of those rules.

Governance adjustments via stable rules in reaction to financial crises are inevitably followed by relaxation, revision, and retraction.

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013), Abstract, p. 3
https://ssrn.com/abstract=2273857 · source PDF

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857

• applies to rules enacted as a reaction to financial crises

failuresupport: assertedfailure: post-crisis rule retraction cyclefamily: regulatory-laginstitutional-design

• restated_by kaal:claim:kaal-2013-acomparativeperspectiveo-028 Following enactment, governance adjustments are often later repealed or diluted, and anticipation of future de...

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