Exit the main stream ! Options to restore financial markets at the end of the neoliberal disaster
In the context of the currently ongoing financial crisis some research work has been done to outline the major weaknesses of the deregulated and liberalized financial system architecture. A growing shadow-financial system, the abuse of investment techniques and the available financial instruments, a...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE
2012-08-01
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| Series: | Ho Chi Minh City Open University Journal of Science - Economics and Business Administration |
| Online Access: | https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/69 |
| _version_ | 1818602753737359360 |
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| author | Rainer Stachuletz Hansjörg Herr |
| author_facet | Rainer Stachuletz Hansjörg Herr |
| author_sort | Rainer Stachuletz |
| collection | DOAJ |
| description | In the context of the currently ongoing financial crisis some research work has been done to outline the major weaknesses of the deregulated and liberalized financial system architecture. A growing shadow-financial system, the abuse of investment techniques and the available financial instruments, accompanied by poorly performing and overestimated rating agencies, short term oriented financial behaviour and a poorly developed regulatory and supervisory environment led to a two-digit trillion Dollar damage. The system has in parts lost its function to efficiently intermediate between savers and borrowers and thus became a continuous threat to the value creating real economy. To restore the functionality of the financial system a set of measures is discussed. The Vietnamese financial system partially mirrors weaknesses of the current global financial system, although its particular strengths and weaknesses have to be considered separately as they are borne by the specific features of the Vietnamese economic system. |
| first_indexed | 2024-12-16T13:12:17Z |
| format | Article |
| id | doaj.art-5d3838275bec41969dbad0c22395d69e |
| institution | Directory Open Access Journal |
| issn | 2734-9314 2734-9586 |
| language | English |
| last_indexed | 2024-12-16T13:12:17Z |
| publishDate | 2012-08-01 |
| publisher | HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE |
| record_format | Article |
| series | Ho Chi Minh City Open University Journal of Science - Economics and Business Administration |
| spelling | doaj.art-5d3838275bec41969dbad0c22395d69e2022-12-21T22:30:35ZengHO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCEHo Chi Minh City Open University Journal of Science - Economics and Business Administration2734-93142734-95862012-08-0121526610.46223/HCMCOUJS.econ.en.2.1.69.201252Exit the main stream ! Options to restore financial markets at the end of the neoliberal disasterRainer Stachuletz0Hansjörg Herr1Professor of Finance and Investments at the Berlin School of Economics and Law. He is currently acting as consultant for the State Bank of Vietnam at the Banking Academy of Vietnam in Hanoi. He is Academic Director of the study programmes of the Berlin School of Economics and Law in Vietnam at the Banking Academy of Vietnam (Hanoi) and the Ho Chi Minh City Open University (HCMC)Professor of Supranational Integration at the Berlin School of Economics and Law. He is also the Academic Director of the Master’s programme Labour Policies and Globalisation of the Global Labour University and a German-Chinese Double Degree MasterIn the context of the currently ongoing financial crisis some research work has been done to outline the major weaknesses of the deregulated and liberalized financial system architecture. A growing shadow-financial system, the abuse of investment techniques and the available financial instruments, accompanied by poorly performing and overestimated rating agencies, short term oriented financial behaviour and a poorly developed regulatory and supervisory environment led to a two-digit trillion Dollar damage. The system has in parts lost its function to efficiently intermediate between savers and borrowers and thus became a continuous threat to the value creating real economy. To restore the functionality of the financial system a set of measures is discussed. The Vietnamese financial system partially mirrors weaknesses of the current global financial system, although its particular strengths and weaknesses have to be considered separately as they are borne by the specific features of the Vietnamese economic system.https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/69 |
| spellingShingle | Rainer Stachuletz Hansjörg Herr Exit the main stream ! Options to restore financial markets at the end of the neoliberal disaster Ho Chi Minh City Open University Journal of Science - Economics and Business Administration |
| title | Exit the main stream ! Options to restore financial markets at the end of the neoliberal disaster |
| title_full | Exit the main stream ! Options to restore financial markets at the end of the neoliberal disaster |
| title_fullStr | Exit the main stream ! Options to restore financial markets at the end of the neoliberal disaster |
| title_full_unstemmed | Exit the main stream ! Options to restore financial markets at the end of the neoliberal disaster |
| title_short | Exit the main stream ! Options to restore financial markets at the end of the neoliberal disaster |
| title_sort | exit the main stream options to restore financial markets at the end of the neoliberal disaster |
| url | https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/69 |
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