The global financial crisis goes down

Constantin Ionete
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Constantin Ionete: Member of the Romanian Academy

Finante - provocarile viitorului (Finance - Challenges of the Future), 2009, vol. 1, issue 10, 9-13

Abstract: According to the economic behavior, the market participants act irrationally. In the modern informational economy where markets are competitive, they usually are effective when information is asymmetric. For a research tradition, with models from “rational expectations” school, markets are not stable and produce price bubbles. The crisis has provided evidence that the investors are irrational. The crisis has revived the need to regulate markets, it boosts alternative research favorable for an analysis of a complex economical system and the search for policies which can prevent the recurrence of recent disaster. During crisis everything must be saved and at the end of any crisis everything should be regulated as a bank.

Keywords: financial crisis; rational expectations; price bubbles; emerging countries debt (search for similar items in EconPapers)
JEL-codes: E58 G01 G21 G28 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2009:i:10:p:9-13

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