kaal:claim:kaal-2013-acomparativeperspectiveo-026

Governance adjustments made through stable rules in reaction to a systemic shock can result in suboptimal governance outcomes, market volatility, and economic loss.

Source quote, verbatim

Governance adjustments via stable rules in reaction to a systemic shock can result in suboptimal governance outcomes, market volatility, and economic loss.

From

Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013), Dynamic Regulation, p. 9
· source PDF

Cite as

Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013)

Holds when

reforms enacted in the immediate aftermath of a crisis

Classification

failuresupport: arguedfailure: crisis driven rulemaking producing suboptimal governancefamily: regulatory-lagregulatory-failureeconomics

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