IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Anspruch und Wirklichkeit der Finanzmarktreform: Welche G20- Versprechen wurden umgesetzt?

Listed author(s):
  • Sebastian Dullien

After the onset of the global financial and economic Crisis of 2008, the G20 leaders have repeatedly promised to re-regulate the financial sector and tackle global imbalances. This study examines in how far these promises have been met by action. In contrast to public perception, it is shown that policy makers both in the US and in the EU have indeed passed a large number of new rules for the financial sector and that they have delivered on a large share of their commitments. However, it is questionable whether this will be enough to prevent future financial crisis such as the one from 2008/9. While the new rules are tightening regulation on a number of practices in the financial sector, they do not contain a comprehensive approach to boldly reduce complexity and increase transparency of the financial sector or to set the right incentives for the financial sector to focus on financing productive investment in real assets again. Moreover, the issue of global imbalances has not been tackled in a consistent and decisive matter by policy makers. As these imbalances have been an important reason for the crisis, this lack of action might prove dangerous in the future.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Paper provided by IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute in its series IMK Studies with number 26-2012.

in new window

Length: 19 pages
Date of creation: 2012
Handle: RePEc:imk:studie:26-2012
Contact details of provider: Postal:
Hans-Böckler-Straße 39, 40476 Düsseldorf

Phone: +49 211 7778 234
Fax: +49 211 7778 4234
Web page:

More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

in new window

  1. Martin Hellwig, 2010. "Finanzkrise und Reformbedarf [The Financial Crisis and Regulatory Reform]," Working Paper Series of the Max Planck Institute for Research on Collective Goods 2010_19, Max Planck Institute for Research on Collective Goods.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:imk:studie:26-2012. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sabine Nemitz)

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 references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.