{"title":"金融市场与全球债务危机:迈向更可靠的金融部门的新架构*","authors":"Hans-Georg Petersen , Alexander Martin Wiegelmann","doi":"10.1016/S1870-3550(14)70114-4","DOIUrl":null,"url":null,"abstract":"<div><p>The breakdown of the financial markets in 2007 and the ensuing debt crisis in the EU has produced enormous mistrust in financial products and the monetary system. The emergence of shadow banking also changed the behavior patterns of management so that its self-interest dominated the interests of shareholders and the other stakeholders. These false incentives led to merger processes in the financial system resulting in market structures in which single institutions became too big or too connected to fail. The empirical developments and the political counter-measures described in this article point to the fact that the macro-perspective has been dominant, neglecting individual irresponsibility and failure.</p></div>","PeriodicalId":37648,"journal":{"name":"Norteamerica","volume":"9 1","pages":"Pages 79-107"},"PeriodicalIF":0.0000,"publicationDate":"2014-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S1870-3550(14)70114-4","citationCount":"4","resultStr":"{\"title\":\"Financial Markets and the Global Debt Crisis: Toward a New Architecture for A More Reliable Financial Sector*\",\"authors\":\"Hans-Georg Petersen , Alexander Martin Wiegelmann\",\"doi\":\"10.1016/S1870-3550(14)70114-4\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>The breakdown of the financial markets in 2007 and the ensuing debt crisis in the EU has produced enormous mistrust in financial products and the monetary system. The emergence of shadow banking also changed the behavior patterns of management so that its self-interest dominated the interests of shareholders and the other stakeholders. These false incentives led to merger processes in the financial system resulting in market structures in which single institutions became too big or too connected to fail. The empirical developments and the political counter-measures described in this article point to the fact that the macro-perspective has been dominant, neglecting individual irresponsibility and failure.</p></div>\",\"PeriodicalId\":37648,\"journal\":{\"name\":\"Norteamerica\",\"volume\":\"9 1\",\"pages\":\"Pages 79-107\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2014-01-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://sci-hub-pdf.com/10.1016/S1870-3550(14)70114-4\",\"citationCount\":\"4\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Norteamerica\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1870355014701144\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"Social Sciences\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Norteamerica","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1870355014701144","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Social Sciences","Score":null,"Total":0}
Financial Markets and the Global Debt Crisis: Toward a New Architecture for A More Reliable Financial Sector*
The breakdown of the financial markets in 2007 and the ensuing debt crisis in the EU has produced enormous mistrust in financial products and the monetary system. The emergence of shadow banking also changed the behavior patterns of management so that its self-interest dominated the interests of shareholders and the other stakeholders. These false incentives led to merger processes in the financial system resulting in market structures in which single institutions became too big or too connected to fail. The empirical developments and the political counter-measures described in this article point to the fact that the macro-perspective has been dominant, neglecting individual irresponsibility and failure.
期刊介绍:
Editorial Policies Focus and Scope Section Policies Peer Review Process Open Access Policy Archiving General Criteria Ethical Guidelines Directory Indexing Editorial Bodies Editorial Board International Advisory Board Focus and Scope Norteamérica is a semiannual peer-reviewed journal regarding multi and interdisciplinary academic studies about the North America region (Mexico, United States and Canada) which consider the region itself as an object of study, along with its evolution, its individual processes and internal dynamics. An analysis of the reality of each of the three nations is thematically linked with the rest of the region. 1.- Norteamérica will publish exclusively multi- and interdisciplinary academic studies focused on the North American region (Mexico, the United States and Canada) that: a) address the region as an object of analysis: specifically, its evolution, particular processes, and internal dynamics; b) analyze the reality in each of the three nations, linking them thematically with the rest of the region; c) carry out comparative studies of the nations of North America; d) address the region and its insertion in the international context; and e) expand upon international processes and their impact within the region. 2.- Through these research perspectives, the journal will disseminate articles addressing a wide variety of general and specific issues: a) politics, economics, society and culture; b) foreign policy, trade, political systems, security, comparative politics, political philosophy and history; and c) migration, electoral processes, borders, science and technology, minorities, the environment and natural resources, education, human rights, gender, and others.