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The global financial crisis goes down

Author

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  • Constantin IONETE

    (Member of the Romanian Academy)

Abstract

According to the economic behavior, the market participants act irrationally. In the modern informational economy where markets are competitive, they usually are effective when information is asymmetric. For a research tradition, with models from “rational expectations” school, markets are not stable and produce price bubbles. The crisis has provided evidence that the investors are irrational. The crisis has revived the need to regulate markets, it boosts alternative research favorable for an analysis of a complex economical system and the search for policies which can prevent the recurrence of recent disaster. During crisis everything must be saved and at the end of any crisis everything should be regulated as a bank.

Suggested Citation

  • Constantin IONETE, 2009. "The global financial crisis goes down," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(10), pages 9-13, December.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2009:i:10:p:9-13
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    More about this item

    Keywords

    financial crisis; rational expectations; price bubbles; emerging countries debt;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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