The Norwegian experiences of the past thirty years illustrate what we believe are two general tendencies in bank regulation. The first one is that a bank crisis will tend to focus regulators' minds and lead to stricter regulations. The second one is that cycles in regulation tend to interact...

Bank revenues have a time variation pattern over the business cycle. Since revenues are a major determinant of bank capital and lending capacity, the time variation may have an impact on the real economy and may potentially amplify the business cycle. It will therefore be useful to understand...