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The Spectre of Banking

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  • Martin Mayer

Abstract

A year and a half after the collapse in the financial markets, the debate about necessary "reforms" is still in its early stages, and none of the debaters seriously claims that his solution will in fact prevent a new crisis. The problem is that the proposed remedies deal with superficial matters of industrial organization and regulatory procedure, while the real problems—outsized, ungovernable financial firms and rampant securitization-lie on a more profound level.

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  • Martin Mayer, 2010. "The Spectre of Banking," Economics One-Pager Archive op_3, Levy Economics Institute.
    • Handle: RePEc:lev:levyop:op_3
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    Cited by:

    1. L. Randall Wray, 2011. "What Should a Financial System Do? Minskian Lessons from the Global Financial Crisis," Chapters, in: Steven Kates (ed.), The Global Financial Crisis, chapter 13, Edward Elgar Publishing.
    2. L. Randall Wray, 2011. "The Financial Crisis Viewed from the Perspective of the “Social Costs” Theory," Economics Working Paper Archive wp_662, Levy Economics Institute.
    3. Steven Kates (ed.), 2011. "The Global Financial Crisis," Books, Edward Elgar Publishing, number 14454.
    4. Wray L. Randall, 2013. "What Do Banks Do? What Should Banks Do? A Minskian Perspective," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 3(3), pages 1-35, April.
    5. L. Randall Wray, 2010. "What Do Banks Do? What Should Banks Do?," Economics Working Paper Archive wp_612, Levy Economics Institute.

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