Global Financial Crisis, Problems in Official Discipline and Designing Optimal Official Discipline Framework (Küresel Kriz, Resmi Disiplin Sorunları ve Optimal Resmi Disiplin Sisteminin Tasarımı)
[Global Financial Crisis, Problems in Official Discipline and Designing Optimal Official Discipline Framework]
Global financial crisis, arising from real estate and finance sectors, has caused extra ordinary costs for the world economy. Problems in the public management model of the US finance and real estate sectors would be accepted as one of the important reasons of the financial failures in the US financial intermediaries. In this article, the author examines the impacts of inefficiencies of the official discipline structure, involving regulation, supervision and enforcement tools, on the global financial crisis. Additionally, we also analyze potential efficiency problems of design of the optimal regulatory structure. We conclude that official discipline structure may naturally imply inefficiencies based on its problematic/complicated nature. Therefore, the tool of regulation may offer only partial/limited solutions to the current problems.
|Date of creation:||30 Jun 2010|
|Date of revision:|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
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.:
- Luci Ellis, 2008.
"The housing meltdown: Why did it happen in the United States?,"
BIS Working Papers
259, Bank for International Settlements.
- Luci Ellis, 2010. "The Housing Meltdown: Why Did It Happen in the United States?," International Real Estate Review, Asian Real Estate Society, vol. 13(3), pages 351-394.
- N/A, 2008. "The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 203(1), pages 8-30, January.
- Danielle DiMartino & John V. Duca, 2007. "The rise and fall of subprime mortgages," Economic Letter, Federal Reserve Bank of Dallas, vol. 2(nov).
- N/A, 2008. "The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 204(1), pages 9-14, April.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:33628. 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: (Joachim Winter)
If references are entirely missing, you can add them using this form.