-based regulation to strengthen the necessary investment incentives. Regulatory emphasis is shifting from costreductions to promoting …

. Financial stability is achieved with an LTV-cap regulation which smooths the leverage cycles through quantity (higher equity …

discretionary behavior of regulatory agencies. Whereas the conse-quences of effective regulation in principle are known and accepted …; its major elements being the restriction of regulation to monopolistic bottlenecks and a disaggregated appli-cation of …

model of regulatory agencies based on the positive theory of regulation are presented. Regulatory risk with regard to the …

opportunistic profit (rent) seeking was more the cause rather than the effect of moral hazard and regulation failure. Deregulation … absence of effective regulation. That explains why with deregulation market competition could culminate in excessive risk …Drawing broadly on the literature on the political economy of the financial crisis, the paper looks at deregulation as …