THE FINANCIAL CRISIS AND THE CHALLENGE OF GOVERNMENT REGULATION

    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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