Restoring the credibility of the legal and economic foundations of financial stability: The need for incorporation of economic theories Report as inadecuate




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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 -

Original Title: Restoring the credibility of the legal and economic foundations of financial stability: The need for incorporation of economic theories?-

Language: English-

Keywords: Theory of Economic Time TET; Efficient Markets Hypothesis; financial stability; Currency Theory; Euro crisis; Austrian, Keynesian or Quantitativist-monetarist; Random Walk Theory-

Subjects: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and CyclesE - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and CreditE - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary PolicyE - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their PoliciesK - Law and Economics > K2 - Regulation and Business LawM - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M4 - Accounting and Auditing-





Author: Ojo, Marianne

Source: https://mpra.ub.uni-muenchen.de/46911/







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