Date: 2013
Type: Article
New theories to underpin financial reform
Journal of Financial Stability, 2013, Vol. 9, No. 2, pp. 242-249
ALLEN, Franklin, CARLETTI, Elena, New theories to underpin financial reform, Journal of Financial Stability, 2013, Vol. 9, No. 2, pp. 242-249
- https://hdl.handle.net/1814/30681
Retrieved from Cadmus, EUI Research Repository
Before 2007, financial crises were not widely studied in economics and finance. The lack of importance ascribed to financial stability and our limited knowledge of this topic were significant contributors to the crisis. This paper suggests five areas where new theories are needed. These are asset price bubbles, central bank checks and balances, global imbalances, banking regulation, and competition in financial services.
Cadmus permanent link: https://hdl.handle.net/1814/30681
Full-text via DOI: 10.1016/j.jfs.2011.07.001
ISSN: 1878-0962; 1572-3089
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