IDEAS home Printed from https://ideas.repec.org/a/bla/ecaffa/v29y2009i3p22-26.html
   My bibliography  Save this article

Lessons From The Financial Crisis: The International Dimension

Author

Listed:
  • Roland Vaubel

Abstract

The current financial crisis has arisen as a result of entrepreneurial and business error rather than because of inappropriate incentives within the private sector. However, government failure has exacerbated the problem. The case for responding to government failure by greater international co‐ordination of banking regulation is weak. The IMF is particularly ill‐suited for this job.

Suggested Citation

  • Roland Vaubel, 2009. "Lessons From The Financial Crisis: The International Dimension," Economic Affairs, Wiley Blackwell, vol. 29(3), pages 22-26, September.
    • Handle: RePEc:bla:ecaffa:v:29:y:2009:i:3:p:22-26
    DOI: 10.1111/j.1468-0270.2009.01914.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1468-0270.2009.01914.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1468-0270.2009.01914.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Patrick, John D., 1973. "Establishing convergent decentralized policy assignment," Journal of International Economics, Elsevier, vol. 3(1), pages 37-51, February.
    2. Frank-Oliver Aldenhoff, 2007. "Are economic forecasts of the International Monetary Fund politically biased? A public choice analysis," The Review of International Organizations, Springer, vol. 2(3), pages 239-260, September.
    3. Axel Dreher & Roland Vaubel, 2004. "Do IMF and IBRD Cause Moral Hazard and Political Business Cycles? Evidence from Panel Data," Open Economies Review, Springer, vol. 15(1), pages 5-22, January.
    4. Roland Vaubel, 2008. "The political economy of labor market regulation by the European Union," The Review of International Organizations, Springer, vol. 3(4), pages 435-465, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ruben Atoyan & Patrick Conway, 2011. "Projecting macroeconomic outcomes: Evidence from the IMF," The Review of International Organizations, Springer, vol. 6(3), pages 415-441, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Axel Dreher & Katharina Michaelowa, 2008. "The political economy of international organizations," The Review of International Organizations, Springer, vol. 3(4), pages 331-334, December.
    2. Vaubel Roland, 2009. "Lehren aus der Finanzkrise: Rolle des Staates und internationale Dimension / Lessons from the financial crisis: The role of government and the international dimension," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 60(1), pages 247-266, January.
    3. Niklas Potrafke, 2009. "Does government ideology influence political alignment with the U.S.? An empirical analysis of voting in the UN General Assembly," The Review of International Organizations, Springer, vol. 4(3), pages 245-268, September.
    4. Axel Dreher, 2009. "IMF conditionality: theory and evidence," Public Choice, Springer, vol. 141(1), pages 233-267, October.
    5. repec:elg:eechap:15325_16 is not listed on IDEAS
    6. Kersting, Erasmus K. & Kilby, Christopher, 2016. "With a little help from my friends: Global electioneering and World Bank lending," Journal of Development Economics, Elsevier, vol. 121(C), pages 153-165.
    7. Marchesi, Silvia & Sabani, Laura, 2007. "IMF concern for reputation and conditional lending failure: Theory and empirics," Journal of Development Economics, Elsevier, vol. 84(2), pages 640-666, November.
    8. Christoph Moser & Jan-Egbert Sturm, 2011. "Explaining IMF lending decisions after the Cold War," The Review of International Organizations, Springer, vol. 6(3), pages 307-340, September.
    9. Axel Dreher, 2004. "The Influence of IMF Programs on the Re‐election of Debtor Governments," Economics and Politics, Wiley Blackwell, vol. 16(1), pages 53-76, March.
    10. Blessing Chiripanhura & Miguel Niño‐Zarazúa, 2015. "Aid, Political Business Cycles and Growth in Africa," Journal of International Development, John Wiley & Sons, Ltd., vol. 27(8), pages 1387-1421, November.
    11. Axel Dreher, 2004. "Does the IMF cause moral hazard? A critical review of the evidence," International Finance 0402003, University Library of Munich, Germany, revised 20 Dec 2004.
    12. Roland Vaubel & Bernhard Klingen & David Müller, 2012. "There is life after the Commission: An empirical analysis of private interest representation by former EU-commissioners, 1981–2009," The Review of International Organizations, Springer, vol. 7(1), pages 59-80, March.
    13. Makram El‐Shagi & Steven J. Yamarik, 2021. "IMF conditionality and capital controls: Capital account liberalization to capital inflow management?," Review of International Economics, Wiley Blackwell, vol. 29(3), pages 590-605, August.
    14. repec:lic:licosd:27210 is not listed on IDEAS
    15. Dreher, Axel & Vaubel, Roland, 2009. "Foreign exchange intervention and the political business cycle: A panel data analysis," Journal of International Money and Finance, Elsevier, vol. 28(5), pages 755-775, September.
    16. repec:ecb:ecbops:2018207 is not listed on IDEAS
    17. Blessing Chiripanhura & Miguel Niño‐Zarazúa, 2015. "Aid, Political Business Cycles and Growth in Africa," Journal of International Development, John Wiley & Sons, Ltd., vol. 27(8), pages 1387-1421, November.
    18. Dreher, Axel & Lang, Valentin F. & Richert, Katharina, 2019. "The political economy of International Finance Corporation lending," Journal of Development Economics, Elsevier, vol. 140(C), pages 242-254.
    19. Jürgen von Hagen & Susanne Mundschenk, 2003. "Fiscal and monetary policy coordination in EMU," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 8(4), pages 279-295.
    20. Aitor Erce & Daniel Riera-Crichton, 2015. "Catalytic IMF? A gross flows approach," Working Papers 9, European Stability Mechanism.
    21. Katja Heinisch & Axel Lindner, 2019. "For how long do IMF forecasts of world economic growth stay up-to-date?," Applied Economics Letters, Taylor & Francis Journals, vol. 26(3), pages 255-260, February.
    22. Axel Dreher & Jan-Egbert Sturm & James Raymond Vreeland, 2015. "Politics and IMF Conditionality," Journal of Conflict Resolution, Peace Science Society (International), vol. 59(1), pages 120-148, February.
    23. Vaubel Roland, 2019. "Explaining Brexit: How the City of London came to be Regulated by the European Union," The Economists' Voice, De Gruyter, vol. 16(1), pages 1-2, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecaffa:v:29:y:2009:i:3:p:22-26. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0265-0665 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.