MEMORANDUM ON A NEW FINANCIAL ARCHITECTURE AND NEW REGULATIONS
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Published:
Apr 19, 2013
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Abstract
The financial crisis is global and is deeply rooted in a decade-long misuse of the financial market for rent-seeking. The financial industry has largely abandoned its role as a service industry, supposedly charging reasonable fees for the services of spreading risk and allocating capital and credit. Instead it provides a market for corporate control –mergers and acquisitions– and a casino for betting on or hedging practically any kind of risk –the derivatives market–...
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How to Cite
Ghilarducci, T., Nell, E., Mittnik, S., Platen, E., Semmler, W., & Chappe, R. (2013). MEMORANDUM ON A NEW FINANCIAL ARCHITECTURE AND NEW REGULATIONS. Investigación Económica, 68(267). https://doi.org/10.22201/fe.01851667p.2009.267.37391
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