Global financial crisis: reorienting financial regulations

Ashok Kumar, M. and Tulasimala, B. K. (2012) Global financial crisis: reorienting financial regulations. International Journal of Social and Economic Research, 2 (2). pp. 432-437. ISSN 2249-6270

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Official URL: https://dx.doi.org/10.5958/j.2249-6270.2.2.020

Abstract

It is an attempt to highlight the significance of regulation in the context of the Global Financial Crisis. The crisis has exposed the weakness of the unregulated financial system and its vulnerability to the economic fluctuations. The global recession has made it clear that prudential regulation with conventional wisdom should be the central plank of financial stability. This paper analyses the factors which led to Global Meltdown with thrust on regulatory aspects. (How regulations are weak, absence of regulations resulted in over accumulation, circular inter dependence and fake transactions, etc.). Against this background, there is a renewed interest in regulations. There is a keen discussion on nature and orientation of regulation, extent of regulation, instruments of regulation and efficiency of regulatory authority.

Item Type: Article
Subjects: A Arts and Humanities > Economics
Divisions: Department of > Economics and Cooperation
Depositing User: MUL SWAPNA user
Date Deposited: 16 Aug 2019 05:32
Last Modified: 16 Aug 2019 05:32
URI: http://eprints.uni-mysore.ac.in/id/eprint/6400

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