Restaurar a credibilidade das fundações jurídica e económica da estabilidade financeira: A necessidade de incorporação de teorias econômicas?

Ojo, Marianne (2013): Restaurar a credibilidade das fundações jurídica e económica da estabilidade financeira: A necessidade de incorporação de teorias econômicas?

Abstract

To what extent can monetary and financial crises and cycles be explained through economic theories? This paper is aimed at highlighting why a reliance on economic theories may be necessary given certain flaws which have been revealed from the recent Financial Crisis. Namely, that economic and legal foundations of financial stability cannot always be considered to be credible.

Further, the paper aims to accentuate on why despite the valid argument (that a reference to economic theories may be required to explain causalities of financial and monetary crises), causalities could also be explained from other perspectives – even though these perspectives may sometimes, not be as accurate.

• Item Type: MPRA Paper
• English Title: Restoring the credibility of the legal and economic foundations of financial stability: the need for incorporation of economic theories?
• Language: Portuguese
• Keywords: Teoria do tempo Econômico (TET); hipótese dos mercados eficientes; a estabilidade financeira; a Teoria de moeda; crise do Euro; Austrian Keynesian or Quantitativist-monetarist; Teoria Random Walk
• Subjects: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations ; Cycles; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; K - Law and Economics > K2 - Regulation and Business Law; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M4 - Accounting and Auditing

References

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Ojo M, Recuperar da Crise Financeira Global: Alcançar a Estabilidade Financeira em Tempos de Incerteza, Business Express Press, ISBN 978-1-60649-700-5, junho 2013 http://papers.ssrn.com/sol3/papers.cfm ? abstract_id = 2245208