INTERNALIZING OF THE FINANCIAL CRISIS COSTS

Emil Dinga
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Emil Dinga: Romanian Banking Institute; Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy

Studii Financiare (Financial Studies), 2010, vol. 14, issue 3, 114-118

Abstract: The article sets out the main lessons that we have to consider from the onset and generalized financial and economic crisis of August 2007. The main emphasis is on conceptual and impact assessment of the principle of "too big to fail". Identify reasons for that principle should (or can be) applied, and some consequences of its application. In this context, it is argued on the costs (financial and others) which entailed the application of this principle and, in particular, on how that cost should be (or be) internalized inside the organizations involved.

Keywords: Financial crisis; too big to fail; cost internalizing; moral hazard (search for similar items in EconPapers)
JEL-codes: E32 E44 G28 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:14:y:2010:i:3:p:114-118

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