Dublin Core
Title
Does (De)regulation Matter in Financial Crises? Examining the Obama Administration's New Bank Plan
Abstract
The fact that financial crises have happened with regular intervals and probably will happen in the future in much the same way has attracted great attention on the dynamics of crises from scholars as well as policy makers, and causes and remedies have been intensively discussed in the literature. Some have argued that deregulation of financial markets have significantly contributed to the recent crises, and thus they very much favor for sound regulation on financial markets, especially on big investment banks. Conversely, the other view strongly disfavors the aforementioned vision, and supports the liberal idea that the state should not intervene the market with any tool including the regulation. The objective of this study is to analyze the dynamics of the recent crises, investigate their causes, and discuss whether the states can be held responsible against them in the sense of (de)regulating the markets and ensuring the stability of the system. As a case study, the Obama administration's new bank plan is examined to shed lights on the current discussion.
Keywords
Conference or Workshop Item
PeerReviewed
PeerReviewed
Date
2010-06
Extent
191