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Passata e futura regolamentazione per prevenire una crisi finanziaria sistemica

Author

Listed:
  • Mario Sarcinelli

    (Dexia Crediop, ABI)

Abstract

Up to now, the G20 has supervised the process to revitalize the real economy affected by the Great Recession through fiscal stimuli and a very easy monetary policy, and to rescue the battered financial system by injecting capital into giant banks and firms. The G20 is now turning its attention to financial regulation, with the FSB as its main operational arm. The ideas that are being proposed stress the need for disincentives toward too much risk taking (more capital, higher liquidity, limits to remunerations and bonuses, etc.), particularly by big and complex financial institutions that are likely to entail systemic risks. The paper maintains that, as the disincentive approach is insufficient to deter financial managers looking for power, some kind of segmentation needs to be introduced, as suggested by Paul Volcker.

Suggested Citation

  • Mario Sarcinelli, 2010. "Passata e futura regolamentazione per prevenire una crisi finanziaria sistemica," Moneta e Credito, Economia civile, vol. 63(249), pages 7-33.
    • Handle: RePEc:psl:moneta:2010:2
    as

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    File URL: http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9526/9421
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    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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    Cited by:

    1. Alessandro Roncaglia, 2013. "Il ruolo delle istituzioni nellÕeconomia: introduzione," Moneta e Credito, Economia civile, vol. 66(261), pages 1-4.

    More about this item

    Keywords

    Cultura economica; Crisi finanziaria; Regole;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G1 - Financial Economics - - General Financial Markets
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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