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Wiederherstellung der Glaubwürdigkeit der rechtlichen und wirtschaftlichen Grundlagen der finanziellen Stabilität: die Notwendigkeit für eine Gründung der Wirtschaftstheorien?
[Restoring the credibility of the legal and economic foundations of financial stability: the need for incorporation of economic theories?]

Author

Listed:
  • Ojo, Marianne

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. (Inwieweit können Währungs-und Finanzkrisen durch ökonomischen Theorien erklärt werden? Dieses Papier ist auf die Hervorhebung warum ein Rückgriff auf ökonomische Theorien kann notwendig sein, aus Gründen von einigen Mängeln, die aus der jüngsten Finanzkrise enthüllt worden sind. Nämlich, dass die wirtschaftlichen und rechtlichen Grundlagen der finanziellen Stabilität nicht immer als glaubwürdig betrachtet werden können. Ferner zielt das Papier zu betonen, warum trotz der gültiges Argument (dass ein Verweis auf ökonomische Theorien erforderlich sein, um Kausalitäten von Finanz-und Währungskrisen zu erklären), Kausalitäten könnten auch aus anderen Perspektiven erklärt werden – auch wenn diese Perspektiven nicht immer so präzise oder genaue sind).

Suggested Citation

  • Ojo, Marianne, 2013. "Wiederherstellung der Glaubwürdigkeit der rechtlichen und wirtschaftlichen Grundlagen der finanziellen Stabilität: die Notwendigkeit für eine Gründung der Wirtschaftstheorien? [Restoring the credib," MPRA Paper 46930, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:46930
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    More about this item

    Keywords

    Theory of Economic Time (TET); Hypothese Effizienter Märkte; finanzielle stabilität; Currency-Theorie; Euro-Krise; Austrian; Keynesian or Quantitativist-monetarist; Random Walk Theory;
    All these keywords.

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • K2 - Law and Economics - - Regulation and Business Law
    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting

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