Financial Stability in the Aftermath of the World Crisis – Looking for a New Framework

Halep Maria ()
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Halep Maria: Doctoral School ASE Bucarest – International Business

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 31-36

Abstract: Effects of the worst crisis since the Great Depression are still being felt throughout the world. While emerging economies have found their way out, due to sound economic fundamentals, developed economies are still struggling. The crisis unfortunately proved the damages caused to real economy by a non-regulated global, interconnected financial system. This article aims assessing the performance of recent regulation measures and provides additional regulation paths enabling financial stability. The first section briefly summarizes the factors having allowed the development of the current financial and economic crisis. The second section analyses the links between financial markets and real economy, both in developing countries and in advanced economies. The third section addresses the necessity to regulate the financial system. The forth section assesses the effectiveness of existing regulation policies, particularly the Basel III Recommendations and the Dodd-Frank Act, in the US. The fifth section proposes different regulation solutions and concludes.

Keywords: financial crisis; regulation; liberalization; shadow banking (search for similar items in EconPapers)
JEL-codes: E32 E44 G01 G38 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:31-36

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