kaal:claim:2273857-015

Financial rulemaking is most needed ex-ante before financial crises, not ex-post after crises have already imposed steep costs on the economy, markets, and financial institutions and have distorted the rulemaking process itself.

Financial rulemaking is most needed ex-ante before financial crises, not ex-post after crises created steep costs on the economy, impacted markets and financial institutions, and affected the rulemaking process.

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013), II. The Political Economy of Financial Regulation, p. 11
https://ssrn.com/abstract=2273857 · source PDF

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

conditionsupport: argueddynamic-regulation

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