Formación de burbujas financieras y crisisde la crisis del Nasdaq a la crisis de la hipotecas subprime
ISSN: 1989-5917
Year of publication: 2009
Issue: 19
Pages: 4-28
Type: Article
More publications in: Papeles de Europa
Sustainable development goals
Abstract
Starting from the last two more recent financial bubbles, dot-com companies one, NASDAQ, and the current debt bubble, the article emphasizes the problems in financial risks valuation and measuring and errors in the financial regulatory and supervisory driven by efficient markets paradigm and autoregulation. Based on Turner Review, recently published by the UK Financial Services Authority (FSA), it is established the need for a radical change in the regulatory standards and supervisory practice.