New theories to underpin financial reform

Franklin Allen and Elena Carletti ()

Journal of Financial Stability, 2013, vol. 9, issue 2, 242-249

Abstract: Before 2007, financial crises were not widely studied in economics and finance. The lack of importance ascribed to financial stability and our limited knowledge of this topic were significant contributors to the crisis. This paper suggests five areas where new theories are needed. These are asset price bubbles, central bank checks and balances, global imbalances, banking regulation, and competition in financial services.

Keywords: Asset price bubbles; Global imbalances; Competition (search for similar items in EconPapers)
JEL-codes: G01 G21 G24 G28 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (12)

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Working Paper: New Theories to Underpin Financial Reform (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finsta:v:9:y:2013:i:2:p:242-249

DOI: 10.1016/j.jfs.2011.07.001

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