The global financial crisis, the EMU sovereign debt crisis and international financial regulation: lessons from a systematic literature review

Samira Meier, Miguel Rodriguez Gonzalez and Frederik Kunze

International Review of Law and Economics, 2021, vol. 65, issue C

Abstract: To ensure the safety and soundness of the global financial system as well as individual financial institutions and to reduce systemic risk, numerous policy measures and regulatory reforms have been brought forward as a reaction to the Global Financial Crisis and the European Sovereign Debt Crisis. Simultaneously, numerous academic works have critically reviewed these developments. Therefore, based on a dataset of 455 papers, this article intends to structure the multitude of publications and provide a comprehensive overview of post-crisis regulatory research publications. Studies can be roughly divided into three overarching clusters: publications identifying causes of the crisis, articles focusing on policy and reform reactions, and literature investigating whether these reforms fit their purpose. A holistic and systematic review allows us to extract relevant recommendations and areas of action to prevent such a crisis in the future.

Keywords: EMU; Sovereign debt crisis; Global financial crisis; Financial regulation; Banking sector; Insurance industry; Financial markets; Policy reform (search for similar items in EconPapers)
JEL-codes: H12 K23 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:irlaec:v:65:y:2021:i:c:s0144818820301587

DOI: 10.1016/j.irle.2020.105945

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