Regaining Financial Stability: Taming Financial Markets Is a Must – a Focus on NMSs

Dăianu Daniel
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Dăianu Daniel: Societatea Română de Economie (SOREC)

Revista OEconomica, 2011, issue 01

Abstract: There is a line of reasoning which argues that the main source of the current financial crisis is the cheap money of the past, which would have caused large global imbalances and another, that I share, is that something wrong has been occurring with overall financial intermediation. The structure has been no less important in derailing economies than poor policies and unavoidable cyclical dynamics.

Keywords: financial crisis; regulation; global imbalances; financial intermediation (search for similar items in EconPapers)
JEL-codes: E42 E43 E44 E51 E52 E58 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:oen:econom:y:2011:i:01:id:282

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