Bank Regulation and Bank Crisis: The Main Developments in the Norwegian Regulatory System Before, During, and After the Banking Crisis of 1988-92

Financial Market Regulation in the Wake of Financial Crises: The Historical Experience Conference p. 169, 2009

16 Pages Posted: 8 Jul 2012

See all articles by Sigbjørn Atle Berg

Sigbjørn Atle Berg

affiliation not provided to SSRN

Oyvind Eitrheim

Norges Bank - Research Department

Date Written: April 16, 2009

Abstract

The Norwegian experiences of the past thirty years illustrate what we believe are two general tendencies in bank regulation. The first one is that a bank crisis will tend to focus regulators' minds and lead to stricter regulations. The second one is that cycles in regulation tend to interact with the economic cycle, in the sense that the rationale for strong regulation tends to become somewhat blurred when the economy is booming. These patterns appear in the Norwegian experience after the banking crisis of 1988-92, and they can presumably also be recognized in many other jurisdictions.

JEL Classification: G28, N44

Suggested Citation

Berg, Sigbjørn Atle and Eitrheim, Oyvind, Bank Regulation and Bank Crisis: The Main Developments in the Norwegian Regulatory System Before, During, and After the Banking Crisis of 1988-92 (April 16, 2009). Financial Market Regulation in the Wake of Financial Crises: The Historical Experience Conference p. 169, 2009, Available at SSRN: https://ssrn.com/abstract=2101723

Sigbjørn Atle Berg (Contact Author)

affiliation not provided to SSRN ( email )

Oyvind Eitrheim

Norges Bank - Research Department ( email )

P.O. Box 1179
Oslo, N-0107
Norway

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