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Effizienz und Stabilität von Finanzmärkten: Stehen wir vor einem Paradigmenwechsel?

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  • Thomas Lux

Abstract

The paper discusses the impact of the financial crisis on macroeconomics and on research into financial markets. The cornerstones of the economic mainstream were made obsolete by actual developments in recent years, and there are now signs that a fundamental paradigm shift is possible. After the failures stemming from the extensive deregulation of financial markets, economic policy now faces the challenge of actively reshaping the regulatory design of this central area of economic activity. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2013

Suggested Citation

  • Thomas Lux, 2013. "Effizienz und Stabilität von Finanzmärkten: Stehen wir vor einem Paradigmenwechsel?," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 93(1), pages 16-22, January.
    • Handle: RePEc:spr:wirtsc:v:93:y:2013:i:1:p:16-22
    DOI: 10.1007/s10273-013-1483-7
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    Citations

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    Cited by:

    1. Henning Klodt, 2013. "Keynes oder Mises? Wer hat die bessere Therapie für die Schuldenkrise?," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 82(2), pages 39-49.
    2. Lux, Thomas, 2016. "Network effects and systemic risk in the banking sector," FinMaP-Working Papers 62, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.

    More about this item

    Keywords

    B41; G01; G14;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • G01 - Financial Economics - - General - - - Financial Crises
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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