 A Stabilized and Regulated Financial MarketJean-Jacques Lambin
Chapter 2 in Rethinking the Market Economy, 2014, pp 13-28 from Palgrave Macmillan Abstract: Abstract A stabilized and regulated financial market is obviously the major reform to be achieved by priority. Financial markets play the crucial role in a market economy of providing the financial resources needed by entrepreneurs and innovators active in the real economy. Since the 1980s, deregulation and the elimination of borders between financial, monetary and national markets have led to a globalization of the financial markets. This deregulation has been achieved following an ultraliberal model, within a free and unregulated international market without any fiscal control and dominated by powerful transnational enterprises and financial intermediaries. What the financial crisis has revealed is the decoupling between the international financial world and the real economy. Does the financial system create value for those working in the real economy or does it function in a closed world solely benefiting speculators, traders or shareholders? This chapter will review initiatives taken, within the EU28 and the world, to improve the regulation of the financial system and benefit the real economy. Keywords: Banking Sector; Hedge Fund; European Central Bank; Euro Zone; European Banking Authority (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-39291-6_2 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.