Why Financial Regulation is Essential

M. Panić
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M. Panić: University of Cambridge

Chapter 7 in Globalization, 2011, pp 189-219 from Palgrave Macmillan

Abstract: Abstract Far from being a new phenomenon, financial crises have been a regular feature of the international economy every time that the nation states have opened their economies to trade and capital flows with other countries (cf. Reinhart and Rogoff 2008, Kindleberger and Aliber 2011). What is new about the crises since the 1980s is their frequency and size, both of which have increased markedly over the period. Nor has this been confined to a few countries. Even before the global financial collapse in 2008–9, the crises have involved banks from industrial, developing and transition economies, and from countries in virtually every part of the world.

Keywords: Financial Institution; Hedge Fund; Global Financial Crisis; Financial Regulation; Banking Regulation (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30701-8_7

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DOI: 10.1057/9780230307018_7

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