# kaal:claim:2273857-029

**Claim.** Regulatory intensity is never constant: it increases after a market crash and then wanes as society and the market return to normalcy.

**Type.** definitional  **Support.** argued

**Holds when.**

- following a market crash

**Source quote.**

> The phrase "regulatory sine curve," means: "that (1) regulatory intensity is never constant, but rather increases after a market crash, and then wanes as (and to the extent that) society and the market return to normalcy

**From.** Wulf A. Kaal, *Dynamic Regulation of the Financial Services Industry* (2013), II.2 Regulatory Sine Curve, page 15

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

**Verify.** sha256 of source PDF `e7cb3dea40593135acc99a9b00690138fe01020514ebf388f5140e1b0e59e82a` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Dynamic%20Regulation%20of%20the%20Financial%20Services%20Industry.pdf

**Topics.** economics

**Keywords.** regulatory-intensity, regulatory-sine-curve, market-crash, regulatory-cycles

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