Financial crisis;
international regulation;
market failure;
government failure;
D O I:
10.1111/j.1468-0270.2009.01914.x
中图分类号:
F [经济];
学科分类号:
02 ;
摘要:
The current financial crisis has arisen as a result of entrepreneurial and business error rather than because of inappropriate incentives within the private sector. However, government failure has exacerbated the problem. The case for responding to government failure by greater international co-ordination of banking regulation is weak. The IMF is particularly ill-suited for this job.