Economia
Novo artigo de Alberto Giovanni, que parte de alguns princípios fundamentais, como a importância de informação assimétrica e falta de liquidez na geração de crises financeiras:
"In this paper I highlight some fundamental characteristics of the recent financial crisis and identify ways to make the financial system stronger. The financial system has evolved technologically, with an ever wider use of securities and derivative contracts, and geographically, with the worldwide spread of the capitalist model of financial intermediation. I start with a description of the effects of these developments and show that, fundamentally, the key weak points in the business of financial intermediation have remained the same.
The recent crisis has brought to the forefront a number of pitfalls in financial markets including, prominently, weak systems to protect retail investors as well as retail borrowers. This paper does not address these issues, which are important and, in some countries, may have been a factor in the build-up of excessive risk positions. By contrast, the paper focuses exclusively on the problem of markets instabilities, and on reforms to make the system less vulnerable to crises."
- Estabilidade Financeira E Política Monetária
Financial Stability and Monetary Policy: How Closely Interlinked? by Frank Smets European Central Bank Abstract The recent financial crisis has again raised the question to what extent price-stability-oriented monetary policy frameworks should take...
- Raízes Da Crise
Did Capitalism Fail? The Financial Crisis Five Years On Did the global economic collapse in 2008 stem from structural failures in the capitalist system? During his keynote address to the European Financial Congress, Institute Advisory Board member Roman...
- Securitização
SECURITIZATION Gary Gorton Andrew Metrick ABSTRACT We survey the literature on securitization and lay out a research program for its open questions. Securitization is the process by which loans, previously held to maturity on the balance sheets of...
- Reforma Do Sistema Financeiro Internacional
Antony Mueller: Reforming the World's Financial Order. Institutional and Theoretical Aspects (2001) -------------------------------------------------------------------------------- Abstract Modern financial markets are characterized by rapid innovation...
- Uma Autópsia Do Sistema Financeiro Americano
O abstract do recente artigo de Ross Levine é o seguinte: "In this postmortem, I find that the design, implementation, and maintenance of financial policies during the period from 1996 through 2006 were primary causes of the financial system’s demise....
Economia
Uma Proposta de Reforma do Sistema Financeiro
Novo artigo de Alberto Giovanni, que parte de alguns princípios fundamentais, como a importância de informação assimétrica e falta de liquidez na geração de crises financeiras:
"In this paper I highlight some fundamental characteristics of the recent financial crisis and identify ways to make the financial system stronger. The financial system has evolved technologically, with an ever wider use of securities and derivative contracts, and geographically, with the worldwide spread of the capitalist model of financial intermediation. I start with a description of the effects of these developments and show that, fundamentally, the key weak points in the business of financial intermediation have remained the same.
The recent crisis has brought to the forefront a number of pitfalls in financial markets including, prominently, weak systems to protect retail investors as well as retail borrowers. This paper does not address these issues, which are important and, in some countries, may have been a factor in the build-up of excessive risk positions. By contrast, the paper focuses exclusively on the problem of markets instabilities, and on reforms to make the system less vulnerable to crises."
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- Estabilidade Financeira E Política Monetária
Financial Stability and Monetary Policy: How Closely Interlinked? by Frank Smets European Central Bank Abstract The recent financial crisis has again raised the question to what extent price-stability-oriented monetary policy frameworks should take...
- Raízes Da Crise
Did Capitalism Fail? The Financial Crisis Five Years On Did the global economic collapse in 2008 stem from structural failures in the capitalist system? During his keynote address to the European Financial Congress, Institute Advisory Board member Roman...
- Securitização
SECURITIZATION Gary Gorton Andrew Metrick ABSTRACT We survey the literature on securitization and lay out a research program for its open questions. Securitization is the process by which loans, previously held to maturity on the balance sheets of...
- Reforma Do Sistema Financeiro Internacional
Antony Mueller: Reforming the World's Financial Order. Institutional and Theoretical Aspects (2001) -------------------------------------------------------------------------------- Abstract Modern financial markets are characterized by rapid innovation...
- Uma Autópsia Do Sistema Financeiro Americano
O abstract do recente artigo de Ross Levine é o seguinte: "In this postmortem, I find that the design, implementation, and maintenance of financial policies during the period from 1996 through 2006 were primary causes of the financial system’s demise....