Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the … distributive implications of financial regulation center stage. We develop a model in which the financial sector benefits from risk … deregulation, against efficiency in the real economy, which is aided by tighter regulation and a more stable supply of credit. We …

as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest … objectives can in fact reinforce one another. I also discuss aspects of macroeconomic policies and cross-border regulation that …

-level governance, country-level governance, country-level regulation, and bank balance sheet and profitability characteristics before …

This paper illustrates the paradox of prudential under-regulation in an economy that adopts financial reform, a reform … probability of the crisis is updated sequentially applying Bayesian inference. Costly regulation can mitigate the probability of … the crisis. We identify conditions where the regulation level supported by the majority is positive after the reform, but …