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Seven Pillars of Wisdom

Author

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  • Giovanni Barone-Adesi

    () (The Swiss Finance Institute, University of Lugano, Switzerland; The Rimini Centre for Economic Analysis (RCEA), Italy)

Abstract

The persistence of financial instability calls into question the adequacy of the current regulatory regime. A critical review of the three pillars at the core of current financial regulation exposes some structural flaws. Four new pillars are proposed and compared with measures proposed to shore up the current financial architecture.

Suggested Citation

  • Giovanni Barone-Adesi, 2010. "Seven Pillars of Wisdom," Professional Reports 03_10, Rimini Centre for Economic Analysis.
  • Handle: RePEc:rim:rimpre:03_10
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