IDEAS home Printed from https://ideas.repec.org/h/pal/pmschp/978-1-137-44710-4_1.html
   My bibliography  Save this book chapter

Definition and Theories of Regulation

In: Good Regulation, Bad Regulation

Author

Listed:
  • Imad A. Moosa

    (Royal Melbourne Institute of Technology (RMIT))

Abstract

Before discussing the pros and cons of regulation in general and financial regulation in particular, we have to understand what regulation is all about and what forms it takes. Although there are arguments for and against regulation in general (hence against and for deregulation), some arguments are type-specific. For example, environmental regulation is motivated by the desire to protect human health from the effect of pollution (which provides an argument for regulation) whereas a primary argument for financial regulation is corruption in the financial sector. Regulation in general is a form of government intervention in economic activity and interference with the working of the free-market system. According to some views, regulation is “synonymous with government intervention in social and economic life” (Moran, 1986). Free marketeers dislike regulation because they do not like any form of government intervention and prefer to feel the full power of the market. However, those who believe that government intervention may be necessary (even a necessary evil), and that people should not be exposed to the full tyranny of the market, find regulation to be tolerable, even desirable.

Suggested Citation

  • Imad A. Moosa, 2015. "Definition and Theories of Regulation," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Good Regulation, Bad Regulation, chapter 1, pages 1-15, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-44710-4_1
    DOI: 10.1057/9781137447104_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pmschp:978-1-137-44710-4_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.