Restaurer la crédibilité des fondements juridiques et économiques de la stabilité financière: la nécessité d'incorporation des théories économiques?

Restoring the credibility of the legal and economic foundations of financial stability: the need for incorporation of economic theories?

Marianne Ojo

MPRA Paper from University Library of Munich, Germany

Abstract: To what extent can monetary and financial crises and cycles be explained through economic theories? This paper is aimed at highlighting why a reliance on economic theories may be necessary given certain flaws which have been revealed from the recent Financial Crisis. Namely, that economic and legal foundations of financial stability cannot always be considered to be credible. Further, the paper aims to accentuate on why despite the valid argument (that a reference to economic theories may be required to explain causalities of financial and monetary crises), causalities could also be explained from other perspectives – even though these perspectives may sometimes, not be as accurate.

Keywords: théorie du temps économique (TET); efficience des marchés hypothèse; la stabilité financière; Monnaie Theory; crise de l'euro; l'Autriche Keynésien ou quantitativiste-monétariste; théorie de la marche aléatoire (search for similar items in EconPapers)
JEL-codes: E3 E32 E5 E52 E58 E6 K2 M4 (search for similar items in EconPapers)
Date: 2013-05-13
New Economics Papers: this item is included in nep-mac
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