Conclusion

Carlos M. Peláez and Carlos A. Peláez

A chapter in Regulation of Banks and Finance, 2009, pp 234-236 from Palgrave Macmillan

Abstract: Abstract There are two main views on the origin of the credit/dollar crisis and the new measures for regulatory reform. The first view is based on the public interest or official regulatory view proposing tight regulation to avoid financial instability and resulting loss of output and employment. The second view is based on the finance view or FSF approach (Black 1993; Black, Miller, and Posner 1978; Levine 2002; Merton and Bodie 1995, 2005). These two approaches are discussed in turn.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25125-0_8

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DOI: 10.1057/9780230251250_8

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