Congress, financial regulators, and the financial regulation literature rely almost exclusively on rules presumed to be stable and optimal, which is the common denominator of regulatory responses to crises.
Source quote, verbatim
Congress, financial regulators, and the literature on financial regulation rely almost exclusively on "stable" and presumptively "optimal" rules.
Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857
Holds when
United States rulemaking institutions
Classification
empiricalsupport: argueddynamic-regulation
Related claims
restated_bykaal:claim:2740477-017 The existing regulatory infrastructure, including Congress, agencies, self regulatory bodies, and the regulati...
extended_bykaal:claim:2831040-008 Rulemakers rely almost exclusively on stable and presumptively optimal rules meant to be permanent solutions, ...
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