kaal:claim:2273857-030

In the absence of crises the intensity of regulation diminishes, because regulators cannot commit to long-term regulatory strategies and instead fall back on private strategies such as self-regulation to overcome resource constraints.

Source quote, verbatim
In the absence of crises, however, the intensity of regulation diminishes because regulators are unable to commit to long-term regulatory strategies and instead use private strategies like self-regulation to overcome resource constraints.
From

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

Holds when
Classification

mechanismsupport: evidencedfailure: regulator commitment failurefamily: enforcement-gapinstitutional-design

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