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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]

Author

Listed:
  • Coskun, Yener

Abstract

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.

Suggested Citation

  • Coskun, Yener, 2010. "Global Financial Crisis, Problems in Official Discipline and Designing Optimal Official Discipline Framework (Küresel Kriz, Resmi Disiplin Sorunları ve Optimal Resmi Disiplin Sisteminin Tasarımı) [," MPRA Paper 33628, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:33628
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    File URL: https://mpra.ub.uni-muenchen.de/33628/1/MPRA_paper_33628.pdf
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    References listed on IDEAS

    as
    1. Danielle DiMartino & John V. Duca, 2007. "The rise and fall of subprime mortgages," Economic Letter, Federal Reserve Bank of Dallas, vol. 2(nov).
    2. Luci Ellis, 2010. "The Housing Meltdown: Why Did It Happen in the United States?," International Real Estate Review, Global Social Science Institute, vol. 13(3), pages 351-394.
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    1. Coskun, Yener & Kayacan, Murad, 2011. "Küresel Kriz ve Finansal Aracılarda Risk Yönetimi: Beyaz Sayfa Mı? [Global Financial Crisis and Risk Management in Financial Intermediaries: Is It White Page?]," MPRA Paper 34910, University Library of Munich, Germany.

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    More about this item

    Keywords

    Global crisis; regulation; real estate;
    All these keywords.

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G01 - Financial Economics - - General - - - Financial Crises

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