kaal:claim:2273857-023

Once crises recede, regulatory oversight diminishes as societies and markets return to their prior equilibrium, and this dichotomy causes reform legislation and deregulatory legislation to be enacted in quick succession.

Following crises, the process is reversed and regulatory oversight diminishes as societies and markets return to their prior equilibrium. As a result of this dichotomy, reform and deregulatory legislation are often enacted in quick succession.

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

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

• after markets return to normalcy

mechanismsupport: arguedfailure: post-crisis oversight decayfamily: enforcement-gapinstitutional-designeconomics

• extended_by kaal:claim:kaal-2014-dynamicregulationviagove-004 Dynamic elements function as an economizing device: they address the scarcity of regulatory resources and lowe...
• extended_by kaal:claim:kaal-2014-dynamicregulationviagove-008 Because rulemaking is subject to regulatory cycles and to a classic collective action problem, rules are gener...
• restates kaal:claim:1998455-025 The political economy of financial regulation ensures that the expansion of regulatory oversight induced by Do...

The quote above is an exact substring of the source PDF, whose sha256 is e7cb3dea40593135acc99a9b00690138fe01020514ebf388f5140e1b0e59e82a. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/f535b6658b753804...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2273857-023.md | sha256sum