This article explores the effect of delays in updating prudential regulation on countries' likelihood of experiencing … banking crises, and it disentangles the impact of different aspects of regulation on crisis onset. I argue that delays in … revising banks' prudential regulation allow banks to adopt risky behavior. This increases a country's vulnerability to systemic …

results suggest that centralized regulation has heterogeneous effects depending on the country's development degree. Improving …

, rightly, has been on market failures and the role of regulation in addressing them. This article looks at the role of domestic … tradeoffs.We investigate the role that financial regulation plays in addressing domestic policy failures and in controlling the … failures; and we discuss the limits of regulation …