Does (De)regulation Matter in Financial Crises? Examining the Obama Administration's New Bank Plan

ULUSSEVER, Tala and AKYEL, Recai and TEKİN, Yusuf (2010) Does (De)regulation Matter in Financial Crises? Examining the Obama Administration's New Bank Plan. In: 2nd International Symposium on Sustainable Development, June 8-9 2010, Sarajevo.

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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.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Financial crisis, (de)regulation, Obama's new bank plan
Subjects: H Social Sciences > HB Economic Theory
Depositing User: Mr. Ibrahim Kinal
Date Deposited: 01 Feb 2012 14:36
Last Modified: 02 Mar 2012 10:22
URI: http://eprints.ibu.edu.ba/id/eprint/191

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