New Theories to Underpin Financial Reform

Franklin Allen and Elena Carletti (elena.carletti@unibocconi.it)
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Franklin Allen: University of PA

Working Papers from University of Pennsylvania, Wharton School, Weiss Center

Abstract: Before 2007, financial crises were not widely studied in economics and finance. The lack of importance ascribed to financial stability and our limited knowledge of this topic were significant contributors to the crisis. This paper suggests five areas where new theories are needed. These are asset price bubbles, central bank checks and balances, banking regulation, and competition in financial services.

Date: 2011-02
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: New theories to underpin financial reform (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:upafin:11-40

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