Overview and Conclusion: Regulatory Progress

Zuhayr Mikdashi
Additional contact information
Zuhayr Mikdashi: University of Lausanne

Chapter 7 in Regulating the Financial Sector in the Era of Globalization, 2003, pp 178-197 from Palgrave Macmillan

Abstract: Abstract The perennial quest of human beings to foresee what the future holds is prompted by the goal to better their lot, and secure or manage their lives satisfactorily. This vital concern has spurred research by various parties — including scientists and practitioners — in all realms of life. Such research applies to the field of social studies, of which economics is an integral part. In the natural sciences, theories and laws on physical phenomena — with respect to their determinants and their manifestation — can be established with certainty or a relatively high degree of confidence and accuracy. By comparison, social phenomena are less amenable to precise definition, measurement or forecasting: the definitive understanding of underlying causes and interactions among various key variables in this area is still elusive. Consequently, predictions often contain a significant degree of uncertainty — especially in view of the likely occurrence of unanticipated factors. Nevertheless, large strides have been accomplished in recent years to improve methods and tools of analysing and forecasting economic phenomena. Empirical investigations have sought to identify key regularities of factors, actions, behavioural patterns or expected outcomes in social phenomena — such as financial crises. Objective analysis should help all concerned to better comprehend past and current events, and to influence future developments positively — be it at the level of the firm or at that of the national economy.

Keywords: Corporate Governance; Central Bank; Market Risk; Risk Management Process; Internal Revenue Service (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-9011-2_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9781403990112

DOI: 10.1057/9781403990112_7

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().