Cominciamo a parlare della prossima crisi

Let's start discussing the next crisis The drive towards radical reforms of financial regulation is weakening as financial firms seem to be returning to calmer waters. The proposals that now appear to be having a higher probability of adoption leave the financial structure and its regulation su...

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Bibliographic Details
Published in:Moneta e Credito 2010-03, Vol.63 (249)
Main Author: Tonveronachi, Mario
Format: Article
Language:Italian
Subjects:
Crisi finanziaria
Cultura economica
Regole
Online Access:Get full text
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Summary:Let's start discussing the next crisis The drive towards radical reforms of financial regulation is weakening as financial firms seem to be returning to calmer waters. The proposals that now appear to be having a higher probability of adoption leave the financial structure and its regulation substantially unchanged. An analysis of the systemic crises, or potential ones, that, starting from the 1970s, have interested countries at every stage of development, suggests that the current crisis is the last manifestation of an evolution that has produced an endogenous push to increasing financial fragility. A more radical approach to regulatory reforms is then required if we want to lessen the probability of a new major crisis within the next ten years, a period that will find the official authorities with depleted ammunition to fight it. JEL classification: E44, G1, G18, G28
ISSN:0026-9611
2037-3651
DOI:10.13133/2037-3651/9527