Umbau der Finanzmärkte: Übermäßiges Vertrauen in Marktrationalität hält an

Sebastian Dullien

Wirtschaftsdienst, 2013, vol. 93, issue 1, 23-29

Abstract: Governments on both sides of the Atlantic have reacted with a raft of new regulations to the US subprime mortgage crisis. The article argues that while these new rules actually touch many of the incentive and information problems which were instrumental in creating the crisis, they only address problems which can be analysed in the traditional neoclassical framework. Issues beyond this paradigm such as underlying market irrationality, bubbles, macroeconomic imbalances or the excessive complexity of the financial system have been left unattended. As these issues played an important role in the genesis of the crisis, new regulations will not suffice to stabilise the global financial system for long. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2013

Keywords: G01; G28; F30 (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://hdl.handle.net/10.1007/s10273-013-1484-6 (text/html)
Access to full text is restricted to subscribers.

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:spr:wirtsc:v:93:y:2013:i:1:p:23-29

Ordering information: This journal article can be ordered from
http://www.springer. ... policy/journal/10273

DOI: 10.1007/s10273-013-1484-6

Access Statistics for this article

Wirtschaftsdienst is currently edited by Christian Breuer

More articles in Wirtschaftsdienst from Springer, ZBW - Leibniz Information Centre for Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().