The international financial crisis: new rules and future outlook

Joseph Stiglitz

BANCARIA, 2009, vol. 9, pages 2-4

Abstract: Financial regulation is required to find a remedy to the many mistakes made, and to prevent the possibility of a new crisis in the future. In this context small adjustments are not sufficient, but it is necessary to define new rules based on different principles, including: the need to extend the supervisory controls to all players, the correction of the incentive mechanism, the reduction of risks for intermediaries.

Keywords: crisi finanzaria; intervento pubblico; regolamentazione (search for similar items in EconPapers)
JEL-codes: G01 G21 G28 (search for similar items in EconPapers)
Date: 2009

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