Title

THE FINANCIAL CRISIS AND THE CHALLENGE OF GOVERNMENT REGULATION

Authors

Authors

K. T. Liou

Comments

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Abbreviated Journal Title

Public Perform. Manag. Rev.

Keywords

financial crisis; government financial regulation; public management; reform; regulatory reform; ECONOMICS; POLICY; Public Administration

Abstract

This article examines the recent financial crisis and the challenges it poses for government regulations. The causes of the financial crisis are examined in terms of moral hazard, corporate governance, systemic risk, and government policy, followed by an explanation of major public policies and programs developed to resolve short-and long-term problems resulting from the crisis. Governmental financial reforms bring new challenges and concerns about the role of government in the market system, utilize different approaches to regulation, and highlight a number of transparency concerns. The article concludes with a discussion of the future development of regulation.

Journal Title

Public Performance & Management Review

Volume

37

Issue/Number

2

Publication Date

1-1-2013

Document Type

Article

Language

English

First Page

208

Last Page

221

WOS Identifier

WOS:000327505900002

ISSN

1530-9576

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