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 : 9781484337783
ISBN-13 : 1484337786
Rating : 4/5 (786 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

GET EBOOK

Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and l
Financial Crises Explanations, Types, and Implications
Language: en
Pages: 66
Authors: Mr.Stijn Claessens
Categories: Business & Economics
Type: BOOK - Published: 2013-01-30 - Publisher: International Monetary Fund

GET EBOOK

This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since ma
Financial Globalisation
Language: en
Pages: 307
Authors: V. Anantha Nageswaran
Categories: Business & Economics
Type: BOOK - Published: 2019-05-23 - Publisher: Cambridge University Press

GET EBOOK

Examines the rise of financialisation globally, charting drawbacks and prescribing suggestions for a definitive overhaul of the structure.
The Fundamental Principles of Financial Regulation
Language: en
Pages: 144
Authors: Charles Albert Eric Goodhart
Categories: Business & Economics
Type: BOOK - Published: 2009 - Publisher: Centre for Economic Policy Research

GET EBOOK

Analytical background -- Nature of systemic risk -- Who should be regulated (by whom) -- Counter-cyclical regulation -- Regulation of liquidity and maturity mis
The Handbook of Global Shadow Banking, Volume I
Language: en
Pages: 822
Authors: Luc Nijs
Categories: Business & Economics
Type: BOOK - Published: 2020-06-30 - Publisher: Springer Nature

GET EBOOK

This global handbook provides an up-to-date and comprehensive overview of shadow banking, or market-based finance as it has been recently coined. Engaging in fi