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Regulatory cycles: Revisiting the political economy of financial crises

Jihad Dagher,(2018),  “Regulatory cycles: Revisiting the political economy of financial crises”, Vox.eu, 22 March

Back in early 2017, while the stock market was breaking records, the new administration in the US made promises to significantly roll back the recently implemented regulations under the Dodd-Frank Act. We have seen the move toward deregulation take shape on various fronts.  By most accounts, new regulatory appointees have signalled a shift toward a softer approach to financial regulation.  On the legislative front, after a failed attempt by the House of Representatives to erase core financial regulations under the DFA, the Senate has voted last week on a bill that would offer regulatory relief to small and mid-sized banks.

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