Restaurer la crédibilité des fondements juridiques et économiques de la stabilité financière: la nécessité d'incorporation des théories économiques?

Ojo, Marianne (2013): Restaurer la crédibilité des fondements juridiques et économiques de la stabilité financière: la nécessité d'incorporation des théories économiques?

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: French
• Keywords: théorie du temps économique (TET); efficience des marchés hypothèse; la stabilité financière; Monnaie Theory; crise de l'euro; l'Autriche Keynésien ou quantitativiste-monétariste; théorie de la marche aléatoire
• Subjects: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles; 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; 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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Bondones C, la «théorie de devises: La crise de la monnaie théories financières" Chapitre IV Monnaie Institutions financières, http://www.carlosbondone.com/en/theory-of-economic-time/aplication/currency-theory.html

E financière News.Com, "Comité de Bâle Chelem Stress Testing de banques" http://www.efinancialnews.com/story/2009-05-21/basel-committee-slams-banks-stress-testing-1

Ojo M, Surmonter la crise financière mondiale: atteindre la stabilité financière en période d'incertitude, Business Express Press, ISBN 978-1-60649-700-5, Juin 2013 http://papers.ssrn.com/sol3/papers.cfm ? abstract_id = 2245208