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Crisis are Endemic to Financial System. Attempts to Regulate Them May Do Harm Than Good
Oleh:
The Economist
(Editor)
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 387 no. 8574 (Apr. 2008)
,
page 15.
Topik:
Sistem
;
Krisis
;
Finance
;
America
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.48
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
As if collapsing prices were not enough, American mortgage firms now have to cope with home rage. Borrowers vent their fury on the system that is repossessing their properties by smashing holes in walls and tipping paint over living-room carpets. Something similiar is going on in the house finance built. Faith in open markets has been poisoned by a crisis that has spread from one asset to the next. First there was disbelief and denail. Then fear. Now comes anger. For three decades, public policy has been dominated by power markets-flexible and resilient, harnessing self-interest for the public good, and better than any planner in chief. Nowwhere are markets deeper and more liquid than in modern finance. But finance has stumbled and there are growing calls from all sides for bold re-regulation.
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