Global Financial Crisis, Problems in Official Discipline and Designing Optimal Official Discipline Framework

Kocaeli Barosu Dergisi, Vol. 2, pp. 37-47, 2010

17 Pages Posted: 23 Sep 2011

See all articles by Yener Coskun

Yener Coskun

Capital Markets Board of Turkey

Date Written: June 30, 2010

Abstract

Global financial crisis, arising from real estate and finance sectors, has caused extra ordinary costs for the world economy. Problems in the public management model of the US finance and real estate sectors would be accepted as one of the important reasons of the financial failures in the US financial intermediaries. In this article, the author examines the impacts of inefficiencies of the official discipline structure, involving regulation, supervision and enforcement tools, on the global financial crisis. Additionally, we also analyze potential efficiency problems of design of the optimal regulatory structure. We conclude that official discipline structure may naturally imply inefficiencies based on its problematic/complicated nature. Therefore, the tool of regulation may offer only partial/limited solutions to the current problems.

Note: Downloadable document is in Turkish.

Keywords: Global crisis, regulation, real estate

JEL Classification: H12, G24, L85

Suggested Citation

Coskun, Yener, Global Financial Crisis, Problems in Official Discipline and Designing Optimal Official Discipline Framework (June 30, 2010). Kocaeli Barosu Dergisi, Vol. 2, pp. 37-47, 2010, Available at SSRN: https://ssrn.com/abstract=1932003

Yener Coskun (Contact Author)

Capital Markets Board of Turkey ( email )

Eskisehir Yolu 8. km No:156
Ankara, 06530
Turkey

HOME PAGE: http://ankara.academia.edu/yenercoskun

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