Regulations and deregulations in the banking industry. When should the law-makers back off?
This paper examines the banking regulatory frameworks that were enforced from the 1980 to date and see if there is a cyclical tendency in the patterns of regulations and deregulations. To analyse this, we look at 10 acts or key events from the US banking industry and compare them against variant mac...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Bucharest University of Economic Studies
2014-06-01
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| Series: | Juridical Tribune |
| Subjects: | |
| Online Access: | http://www.tribunajuridica.eu/arhiva/An4v1/7Gherghina.pdf |
| _version_ | 1797219021086523392 |
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| author | Mircea I. GHERGHINA Nikolett CSÁSZÁR Ioan Alexandru GHERASIM |
| author_facet | Mircea I. GHERGHINA Nikolett CSÁSZÁR Ioan Alexandru GHERASIM |
| author_sort | Mircea I. GHERGHINA |
| collection | DOAJ |
| description | This paper examines the banking regulatory frameworks that were enforced from the 1980 to date and see if there is a cyclical tendency in the patterns of regulations and deregulations. To analyse this, we look at 10 acts or key events from the US banking industry and compare them against variant macroeconomic indicators. The result shows that lawmakers imposed deregulations upon the banking industry in moments of economic growth and regulatory measures after a period of economic downturn. This has some serious implications for policy making. In the end, we attempt to conclude whether lawmakers should back off and have a hands off approach to banking industry or if they should permanently regulate. |
| first_indexed | 2024-04-24T12:27:01Z |
| format | Article |
| id | doaj.art-fa72c80829e042abb31f01d0aff9ade1 |
| institution | Directory Open Access Journal |
| issn | 2247-7195 2248-0382 |
| language | English |
| last_indexed | 2024-04-24T12:27:01Z |
| publishDate | 2014-06-01 |
| publisher | Bucharest University of Economic Studies |
| record_format | Article |
| series | Juridical Tribune |
| spelling | doaj.art-fa72c80829e042abb31f01d0aff9ade12024-04-08T07:43:05ZengBucharest University of Economic StudiesJuridical Tribune2247-71952248-03822014-06-0141129141Regulations and deregulations in the banking industry. When should the law-makers back off?Mircea I. GHERGHINA0Nikolett CSÁSZÁR1Ioan Alexandru GHERASIM2– Bucharest University of Economic Studies, Faculty of International Business and Economics– Bucharest University of Economic Studies, Faculty of International Business and Economics– Bucharest University of Economic Studies, Faculty of International Business and EconomicsThis paper examines the banking regulatory frameworks that were enforced from the 1980 to date and see if there is a cyclical tendency in the patterns of regulations and deregulations. To analyse this, we look at 10 acts or key events from the US banking industry and compare them against variant macroeconomic indicators. The result shows that lawmakers imposed deregulations upon the banking industry in moments of economic growth and regulatory measures after a period of economic downturn. This has some serious implications for policy making. In the end, we attempt to conclude whether lawmakers should back off and have a hands off approach to banking industry or if they should permanently regulate.http://www.tribunajuridica.eu/arhiva/An4v1/7Gherghina.pdfBanking industryDeregulationLegal frameworksMacroeconomicsInstitutional Change |
| spellingShingle | Mircea I. GHERGHINA Nikolett CSÁSZÁR Ioan Alexandru GHERASIM Regulations and deregulations in the banking industry. When should the law-makers back off? Juridical Tribune Banking industry Deregulation Legal frameworks Macroeconomics Institutional Change |
| title | Regulations and deregulations in the banking industry. When should the law-makers back off? |
| title_full | Regulations and deregulations in the banking industry. When should the law-makers back off? |
| title_fullStr | Regulations and deregulations in the banking industry. When should the law-makers back off? |
| title_full_unstemmed | Regulations and deregulations in the banking industry. When should the law-makers back off? |
| title_short | Regulations and deregulations in the banking industry. When should the law-makers back off? |
| title_sort | regulations and deregulations in the banking industry when should the law makers back off |
| topic | Banking industry Deregulation Legal frameworks Macroeconomics Institutional Change |
| url | http://www.tribunajuridica.eu/arhiva/An4v1/7Gherghina.pdf |
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