Financial Market Crisis: Origin, Short-Term Reaction and Long-Term Adjustment Requirements

Thomas Url
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Thomas Url: WIFO

Austrian Economic Quarterly, 2010, vol. 15, issue 1, 54-77

Abstract: The current financial crisis cannot be attributed to a single cause, but resulted from the interaction of several simultaneously active forces. The causes can be classified into three categories: macroeconomic causes, regulatory or supervisory shortcomings and causes related to incentives or corporate control. Whereas short-term economic policy measures were geared to minimize the damage, long-term economic policy considerations focus on strengthening stabilising forces in the regulation and supervision of financial intermediaries and on improvements of their incentive systems.

Keywords: Financial Market Crisis; Origin; Reactions (search for similar items in EconPapers)
Date: 2010
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