Regulatory Cycles: Revisiting the Political Economy of Financial Crises

Regulatory Cycles: Revisiting the Political Economy of Financial Crises
Author :
Publisher : International Monetary Fund
Total Pages : 89
Release :
ISBN-10 : 9781484337745
ISBN-13 : 1484337743
Rating : 4/5 (743 Downloads)

Book Synopsis Regulatory Cycles: Revisiting the Political Economy of Financial Crises by : Jihad Dagher

Download or read book Regulatory Cycles: Revisiting the Political Economy of Financial Crises written by Jihad Dagher and published by International Monetary Fund. This book was released on 2018-01-15 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and limited to isolated episodes. This paper examines the political economy of financial policy during ten of the most infamous financial booms and busts since the 18th century, and presents consistent evidence of pro-cyclical regulatory policies by governments. Financial booms, and risk-taking during these episodes, were often amplified by political regulatory stimuli, credit subsidies, and an increasing light-touch approach to financial supervision. The regulatory backlash that ensues from financial crises can only be understood in the context of the deep political ramifications of these crises. Post-crisis regulations do not always survive the following boom. The interplay between politics and financial policy over these cycles deserves further attention. History suggests that politics can be the undoing of macro-prudential regulations.


Regulatory Cycles: Revisiting the Political Economy of Financial Crises Related Books

Regulatory Cycles: Revisiting the Political Economy of Financial Crises
Language: en
Pages: 89
Authors: Jihad Dagher
Categories: Business & Economics
Type: BOOK - Published: 2018-01-15 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and l
Banking, Monetary Policy and the Political Economy of Financial Regulation
Language: en
Pages: 392
Authors: Gerald A. Epstein
Categories: Banks and banking
Type: BOOK - Published: 2014-07-31 - Publisher: Edward Elgar Publishing

DOWNLOAD EBOOK

The many forces that led to the economic crisis of 2008 were in fact identified, analyzed and warned against for many years before the crisis by economist Jane
The Failure of Financial Regulation
Language: en
Pages: 252
Authors: Anil Hira
Categories: Political Science
Type: BOOK - Published: 2019-04-16 - Publisher: Springer

DOWNLOAD EBOOK

“This publication could not be more timely. Little more than a decade after the global financial crisis of 2008, governments are once again loosening the rein
Great Expectations, Slow Transformation
Language: en
Pages: 240
Authors: Manuela Moschella
Categories: Political Science
Type: BOOK - Published: 2014-07-01 - Publisher: ECPR Press

DOWNLOAD EBOOK

n the aftermath of the financial crisis, why has the reform process been incremental yet the conditions for more rapid and abrupt transformations appeared to be
The Regulatory Cycle in Banking
Language: en
Pages: 88
Authors: Maurizio Trapanese
Categories:
Type: BOOK - Published: 2021-01-11 - Publisher:

DOWNLOAD EBOOK

This book analyses the interactions between financial regulation and crises with reference to the experience of the United States in the period after the global