Can financial regulation prevent a financial crisis
The origins and manifestations of the financial crises which intensified around 2008 are directly linked to the use of unethical and unsound credit practices by certain institutions. It then follows that strong regulation and oversight could possible prevent future crises of that nature (Gevurtz, 2010). However, that does not address the other problems of the financial crises which are separate from access to credit and rating mechanisms. These may include speculative investment, herding mentalities and contagion through globalization (Kovacevich, 2014).
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