Document Type

Article

Publication Date

3-2010

Publication Title

Forum for Social Economics

Volume

39

Issue

10

Pages

279-286

Abstract

The financial crisis of 2007–09 has led to a rethinking of the role of monetary and financial regulatory policy. It has also called into question the benefits of financial innovation and monetary policy that focuses solely on inflation and the output gap. This paper discusses financial instabilities in general, the recent financial crisis as well as the appropriate role of monetary and financial regulatory policy in dealing with asset bubbles. The paper concludes by evaluating appropriate policies to reduce the economic impact of future financial crises.

Comments

This is an Accepted Manuscript of an article published by Taylor & Francis in the Forum of Social Economics on March, 2010, available online: http://www.tandfonline.com/doi/abs/10.1007/s12143-010-9062-9

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This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.

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