IDEAS home Printed from https://ideas.repec.org/p/mil/wpdepa/2009-001.html
   My bibliography  Save this paper

De ce ?i cum trebuie projeta?i investitorii în instrumente financiare (Why and how investors in financial instruments have to be protected)

Author

Listed:
  • Arnaldo MAURI
  • Claudia Gabriela BAICU

Abstract

Household savings are to be protected by Authorities for ethical, social and economic reasons. However, inflation, unfair taxation, expropriations without just compensation and financial scandals have repeatedly and heavily affected the wealth of European households also since the end of World War II. This paper deals with recent failures in supervision of financial markets and focuses on Argentina bonds, Parmalat bonds and subprime loans. The paper concludes by analysing tools to be assigned to domestic supervisory authorities, changes in corporate governance to be introduced and administrative as well as criminal penalties to be enhanced by the new law on saving protection. The main provisions regarding investors? protection established by the Markets in Financial Instruments Directive (MIFID) are also mentioned.

Suggested Citation

  • Arnaldo MAURI & Claudia Gabriela BAICU, 2009. "De ce ?i cum trebuie projeta?i investitorii în instrumente financiare (Why and how investors in financial instruments have to be protected)," Departmental Working Papers 2009-001, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    • Handle: RePEc:mil:wpdepa:2009-001
    as

    Download full text from publisher

    File URL: http://wp.demm.unimi.it/tl_files/wp/2009/DEMM-2009_001wp.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Default; savings; financial instruments; corporate governance;
    All these keywords.

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

    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:mil:wpdepa:2009-001. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: DEMM Working Papers (email available below). General contact details of provider: https://edirc.repec.org/data/damilit.html .

    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.