Financial stability as the goal of post-crisis regulatory reforms

Algis Dobravolskas, Jusif Seiranov

Research output: Contribution to journalArticle

Abstract

The article analyses the reasons of financial instability, which outburst in 2007-2008 crisis and studies the ways of rebuilding financial stability in the process of post-crisis regulatory reforms. The authors consider mostly institutional aspects of the problem. Violation of stability is viewed on the one hand as the result of deregulation processes in major financial markets since 1980s, on the other hand as result of inadequacy of national micro-prudential regulators to match the cross-sector and cross-border activities of so called “too big to fail” financial institutions. The article studies how these targets are met in post-crisis regulatory reforms, analysing institutional frameworks introduced in USA with the pass of Dodd-Frank Act and in European Union after adopting of new architecture of financial markets supervision and regulation. The impact of these reforms on regulation of financial markets in Lithuania is assessed.
Original languageEnglish
Pages (from-to)101-114
JournalVerslo sistemos ir ekonomika = Business systems & economics
Volume1
Issue number1
Publication statusPublished - 2011

Fingerprint

Financial stability
Regulatory reform
Financial markets
Regulation and supervision
Lithuania
Financial instability
Cross-border
Institutional framework
European Union
Too big to fail
Violations
Financial institutions
Deregulation

Keywords

  • Financial stability
  • Financial crisis
  • Systemic risk

Cite this

Financial stability as the goal of post-crisis regulatory reforms. / Dobravolskas, Algis; Seiranov, Jusif.

In: Verslo sistemos ir ekonomika = Business systems & economics, Vol. 1, No. 1, 2011, p. 101-114.

Research output: Contribution to journalArticle

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