Financial Crisis and the Cyclical Changes of Financial Supervision

Baodong Ren

International Journal of Financial Research, 2011, vol. 2, issue 2, 27-32

Abstract: This article is to search the underlying reasons of financial crisis and economic cycle. This article, from a new Angle of view(human nature), explain the reasons of economic crisis and its cycle, reveals the interaction of capital greed and financial supervision in the process of economic cycle and the inevitability of economic crisis in capitalism's system. Conclusion: because the progress of science and technology and the development of social economy cannot continue to meet the need of capital greed, capital will collectively seek institutional breakthrough¡ª¡ªrelaxing on financial supervision Relaxed financial supervision make capital win more profit space, but also lead to the rampancy of capital greed, and then cause economic bubble and economic crisis. Economic crisis makes people to seek the new, strict financial supervision. Economic cycles arise there from.

Keywords: Financial crisis; Financial supervision; Subprime mortgage crisis; Economic cycle; Greed human nature (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:jfr:ijfr11:v:2:y:2011:i:2:p:27-32

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