The paper focuses on financial regulation at an international level. More specifically, it looks on (a) the inherent … tensions of financial regulation in the first place (b) the added complexity when entering the international sphere and (c …) draws on some specific examples that help bring out several key issues of international financial regulation. Specific …

regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to …: it rises as regulation stringency moves from low to medium levels and falls from medium to high levels. Countries located …