Economics, Econometrics and Finance
4 years ago

Global financial system destabilized by policymakers' refusal to adapt, new reform proposed.

1 view
RePEc: Research Papers in Economics
The governance of financial regulation: reform lessons from the recent crisis
Ross Levine

Paper Summary

The financial crisis was caused by policymakers making policies that hurt the global financial system, even when they knew the consequences. It wasn't because regulators lacked power or information. The problem was that policymakers didn't adapt to changes in the financial system. A new institution is suggested to make better financial regulations.

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