Financial regulations have been procyclical historically – research

rules-regulations

Financial regulations have historically followed economic cycles, becoming looser during economic booms and stricter in the wake of crises, a research paper published by the IMF says.

Regulatory cycles: revisiting the political economy of financial crises, by Jihad Dagher, reviews some of the most important financial crises in history and identifies several patterns.

The author says the idea that stricter regulation could have averted or diminished the effects of the great recession is well ac

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: