The financial and economic crisis was not simply a question of major “market failures” but also a dramatic consequence of deep “institutional (governmental) failures”. This paper endeavours to offer a brief overview of these macro- and micro-prudential inefficiencies, which prevented from first averting and then properly managing, the recent financial crisis.

To what Extent did Financial Regulation and Supervision fail in preventing the Crisis?

LAMANDINI, MARCO
2010

Abstract

The financial and economic crisis was not simply a question of major “market failures” but also a dramatic consequence of deep “institutional (governmental) failures”. This paper endeavours to offer a brief overview of these macro- and micro-prudential inefficiencies, which prevented from first averting and then properly managing, the recent financial crisis.
M. Lamandini
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11585/93977
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