Regulatory resilience is essential in times of economic uncertainty from "summary" of The Economics of Regulation: Principles and Institutions: Economic principles by Alfred Edward Kahn
During periods of economic uncertainty, regulatory resilience becomes an imperative component in maintaining stability and efficiency within markets. This resilience refers to the ability of regulatory institutions to adapt and respond effectively to changing economic conditions, ensuring that regulations remain relevant and effective. Economic uncertainty can arise from various factors such as financial crises, political instability, or technological disruptions, all of which can impact the functioning of markets and the overall economy. In times of economic uncertainty, regulatory frameworks may face challenges in adequately addressing new risks and uncertainties that emerge. These challenges can include the need to balance the protection of consumers and investors with the promotion of innovation and competition, as well as the need to mitigate systemic risks that may threaten the stability of the financial system. Regulatory resilience is essential in navigating these challenges and ensuring that regulations remain effective in achieving their intended objectives. ...
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