Lessons from the Financial Crisis: The International Dimension

5 Pages Posted: 8 Oct 2009

See all articles by Roland Vaubel

Roland Vaubel

University of Mannheim - School of Economics (VWL)

Abstract

The current financial crisis has arisen as a result of entrepreneurial and business error rather than because of inappropriate incentives within the private sector. However, government failure has exacerbated the problem. The case for responding to government failure by greater international co-ordination of banking regulation is weak. The IMF is particularly ill-suited for this job.

Suggested Citation

Vaubel, Roland, Lessons from the Financial Crisis: The International Dimension. Economic Affairs, Vol. 29, Issue 3, pp. 22-26, September 2009, Available at SSRN: https://ssrn.com/abstract=1484147 or http://dx.doi.org/10.1111/j.1468-0270.2009.01914.x

Roland Vaubel (Contact Author)

University of Mannheim - School of Economics (VWL) ( email )

Mannheim 68131
Germany

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