The Role of the Financial Sector in the Great Recession

Michael Mussa

Chapter 8 in The International Financial Crisis:Have the Rules of Finance Changed?, 2011, pp 93-116 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:A Classic Boom/Bust CycleThe Financial Sector in the Global RecoveryAvailability of Adequate FinancingThe Long-Term Need for Deep Financial-Sector ReformThe Inherent Instability of BankingFinancial Repression, Financial Liberalization, and Moral HazardThe Investor of Last ResortThe Fundamental Need for More CapitalAn Adequate Level of Bank CapitalReferences

Keywords: Financial Crisis; Financial Regulation; International Banking; Financial Regulatory Reform (search for similar items in EconPapers)
Date: 2011
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