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The international financial crisis: new rules and future outlook

Author

Listed:
  • Joseph E. Stiglitz

    (Columbia University)

Abstract

Financial regulation is required to find a remedy to the many mistakes made, and to prevent the possibility of a new crisis in the future. In this context small adjustments are not sufficient, but it is necessary to define new rules based on different principles, including: the need to extend the supervisory controls to all players, the correction of the incentive mechanism, the reduction of risks for intermediaries.

Suggested Citation

  • Joseph E. Stiglitz, 2009. "The international financial crisis: new rules and future outlook," BANCARIA, Bancaria Editrice, vol. 9, pages 2-4, September.
    • Handle: RePEc:ban:bancar:v:9:y:2009:m:september:p:2-4
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    File URL: http://www.bancariaeditrice.it/prodotti/vedi/prodotto/id/1967/bancaria-n-9-2009
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    More about this item

    Keywords

    crisi finanzaria; intervento pubblico; regolamentazione;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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