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Good regulation versus bad regulation

Author

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  • Imad A. Moosa

    (RMIT)

Abstract

The debate on regulation typically revolves around the quantity of regulation and the choice between regulation and deregulation. While the global financial crisis has taught us that regulation is necessary, this does not mean that regulation cannot be counterproductive. Good regulation is any regulation that reduces the extent of fraud and corruption in the financial sector without imposing excessively high costs on the society. Several examples of good regulation and bad regulation are discussed.

Suggested Citation

  • Imad A. Moosa, 2018. "Good regulation versus bad regulation," Journal of Banking Regulation, Palgrave Macmillan, vol. 19(1), pages 55-63, January.
    • Handle: RePEc:pal:jbkreg:v:19:y:2018:i:1:d:10.1057_s41261-017-0055-y
    DOI: 10.1057/s41261-017-0055-y
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    References listed on IDEAS

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    1. Sargent, Thomas J. & Wallace, Neil, 1976. "Rational expectations and the theory of economic policy," Journal of Monetary Economics, Elsevier, vol. 2(2), pages 169-183, April.
    2. Kevin Dowd, 2009. "Moral Hazard and the Financial Crisis," Cato Journal, Cato Journal, Cato Institute, vol. 29(1), pages 141-166, Winter.
    3. Gary Gorton & Andrew Metrick, 2010. "Regulating the Shadow Banking System," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 41(2 (Fall)), pages 261-312.
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    Cited by:

    1. Retselisitsoe I. Thamae & Nicholas M. Odhiambo, 2022. "The impact of bank regulation on bank lending: a review of international literature," Journal of Banking Regulation, Palgrave Macmillan, vol. 23(4), pages 405-418, December.
    2. Haikun Han & Juqin Shen & Bo Liu & Han Han, 2022. "Dynamic Incentive Mechanism for Large-scale Projects Based on the Reputation Effects," SAGE Open, , vol. 12(4), pages 21582440221, October.

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