Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and l

Financial regulatory policy in the U.S. has been conspicuously pro-cyclical over the last two decades. The 2000s financial boom coincided with a period of finan

The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries hi

Financial regulation should be countercyclical, strengthening during speculative booms to contain excessive leverage and loosening following crises so as to not

This book analyses the interactions between financial regulation and crises with reference to the experience of the United States in the period after the global