The Financial Regulatory Cycle

Joao Rafael Cunha, University of St Andrews

This paper presents the idea of the financial regulatory cycle in the United States. I show that there have been three long cycles of financial regulation since the independence of the country in 1776. Moreover, there are also smaller cycles within these long regulatory cycles. Contingent capital may be a way to curb the impact of the regulatory cycle.

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 Presented in Session 73. Financial Markets