The Political Economy of Financial Regulation Policies Following the Global Crisis
This paper analyses the efficiency of financial regulation reforms that are being supported in a variety of theoretical approaches after the 2007/2008 global crisis. The main challenges that prevent the efficiency of the reforms are; (i) maintaining the Basel approach that is argued to have led to...
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| Format: | Article |
| Language: | English |
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EconJournals
2016-04-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://econjournals.com/index.php/ijefi/article/view/2093 |
| _version_ | 1797908384039567360 |
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| author | Hale Balseven |
| author_facet | Hale Balseven |
| author_sort | Hale Balseven |
| collection | DOAJ |
| description |
This paper analyses the efficiency of financial regulation reforms that are being supported in a variety of theoretical approaches after the 2007/2008 global crisis. The main challenges that prevent the efficiency of the reforms are; (i) maintaining the Basel approach that is argued to have led to the financial crisis, (ii) its limited content, (iii) its lack of global and national financial infrastructure (iv) not being designed in a framework that comprises the macropolicies. Due to the reasons mentioned above, this paper argues that the regulation policy can neither fulfil its stability role nor its distributive role and that in this way, it restructures forthcoming crisis, not the financial sector. In order to prevent crises, a critical approach is required on the mode of regulation of the economy and a reorganisation of capitalism is necessary on a larger scale.
Keywords: Government Policy and Regulation, Financial Crises, Crisis Management.
JEL Classification: G18, G01, H12
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| first_indexed | 2024-04-10T10:51:53Z |
| format | Article |
| id | doaj.art-2a294b308ab2440abd7470246fdb0daf |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T10:51:53Z |
| publishDate | 2016-04-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-2a294b308ab2440abd7470246fdb0daf2023-02-15T16:20:07ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-04-0162The Political Economy of Financial Regulation Policies Following the Global CrisisHale Balseven This paper analyses the efficiency of financial regulation reforms that are being supported in a variety of theoretical approaches after the 2007/2008 global crisis. The main challenges that prevent the efficiency of the reforms are; (i) maintaining the Basel approach that is argued to have led to the financial crisis, (ii) its limited content, (iii) its lack of global and national financial infrastructure (iv) not being designed in a framework that comprises the macropolicies. Due to the reasons mentioned above, this paper argues that the regulation policy can neither fulfil its stability role nor its distributive role and that in this way, it restructures forthcoming crisis, not the financial sector. In order to prevent crises, a critical approach is required on the mode of regulation of the economy and a reorganisation of capitalism is necessary on a larger scale. Keywords: Government Policy and Regulation, Financial Crises, Crisis Management. JEL Classification: G18, G01, H12 https://econjournals.com/index.php/ijefi/article/view/2093 |
| spellingShingle | Hale Balseven The Political Economy of Financial Regulation Policies Following the Global Crisis International Journal of Economics and Financial Issues |
| title | The Political Economy of Financial Regulation Policies Following the Global Crisis |
| title_full | The Political Economy of Financial Regulation Policies Following the Global Crisis |
| title_fullStr | The Political Economy of Financial Regulation Policies Following the Global Crisis |
| title_full_unstemmed | The Political Economy of Financial Regulation Policies Following the Global Crisis |
| title_short | The Political Economy of Financial Regulation Policies Following the Global Crisis |
| title_sort | political economy of financial regulation policies following the global crisis |
| url | https://econjournals.com/index.php/ijefi/article/view/2093 |
| work_keys_str_mv | AT halebalseven thepoliticaleconomyoffinancialregulationpoliciesfollowingtheglobalcrisis AT halebalseven politicaleconomyoffinancialregulationpoliciesfollowingtheglobalcrisis |