kaal:claim:2273857-020

Financial regulation is characterized and controlled by a classic collective action problem, and as a consequence regulatory oversight is never constant.

Source quote, verbatim

Financial regulation is characterized and controlled by a classic collective action problem. As a result, regulatory oversight is never constant.

From

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013), II. The Political Economy of Financial Regulation, p. 12
https://ssrn.com/abstract=2273857 · source PDF

Cite as

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

Classification

mechanismsupport: arguedinstitutional-designeconomics

Related claims

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extends kaal:claim:1998455-025 The political economy of financial regulation ensures that the expansion of regulatory oversight induced by Do...
extended_by kaal:claim:2740477-030 Regulation is mostly reactive and follows business cycles rather than preempting crises, because of the collec...

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