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Journals / Finans Politik ve Ekonomik Yorumlar Dergisi / 2011 / Cilt: 48 - Sayı: 561

Regulation in the post Washington consensus era for Macroeconomic stability on the new financial architecture: Quo Vadis?

Post Washington konsensüsü döneminde yeni finansal mimaride Makroekonomik istikrar için Regülasyon: Quo Vadis?

Tuğsal Ömer DORUK
Can Yusuf ŞAHİNTÜRK
Pages
69–82
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Regulation strategies are offered according to analysis' results for removing/decreasing financial instability.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:2008 Crisis is the peak period of financial chaos since 1970s.
📊
Key Findings & Data:Systematic gaps and 'greed' paradigm were signals of 2008 crisis in markets that were deregulated with effects of globalisation and financialisation.
💡
Conclusion & Impact:Regulation strategies are offered according to analysis' results for removing/decreasing financial instability.
🔬Design:Research Article
📍Scope:2008 Verileri
⚙️Variables:Domain Parameters

Abstract

2008 Crisis is the peak period of financial chaos since 1970s. Systematic gaps and 'greed' paradigm were signals of 2008 crisis in markets that were deregulated with effects of globalisation and financialisation. Reasons of macroeconomic instability is analyzed and scrutinized in this research with co-integration approach and Granger Causality Test that based on Toda Yamamoto Approach (1995) in between beginning of 2002 when mortgage incentive package was approved, to 2008 June when the 2008 Crisis started. 'Faith' is a crucial object for modern financial world therefore regulations that will generated for that issue. Regulation strategies are offered according to analysis' results for removing/decreasing financial instability.

Özet

1970'li yıllardan günümüze kadar uzanan süreçte finansal karmaşanın zirveye çıktığı dönem 2008 Krizi olmuştur. Finansallaşmanın ve küreselleşmenin etkisi ile kuralsızlaştırman piyasalarda sistematik boşluklar ve 'ben merkezci' yaklaşım kriz öncesi dönemde krizin habercisi niteliğinde olmuştur. Çalışmada konut kredisi teşvik paketinin kabulu olan 2002 yılı ile 2008 Krizi'nin başlangıcı olan 2008 temmuz ayı arasında makroekonomik istikrarsızlığın nedenleri eş bütünleşme analizi ve Toda Yamamoto (1995) Yöntemi'ne dayapan Granger Nedensellik Testi aracılığı ile araştırılmaktadır. Güven olgusunun ön planda olduğu modern finans düzeninde geliştirilecek regülasyonların 'güven' odaklı olması beklenmektedir. Analiz sonuçlarına göre finansal istikrarsızlığa karşın geliştirilebilecek güven odaklı regülâsyon stratejileri önerilmektedir.

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Cite This Article

DORUK, T. Ö., ŞAHİNTÜRK, C. Y. (2011). Regulation in the post Washington consensus era for Macroeconomic stability on the new financial architecture: Quo Vadis?. Finans Politik ve Ekonomik Yorumlar Dergisi, Cilt: 48 - Sayı: 561, 69–82. https://ajindex.com/articles/224054

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