Empowering Market-Based Finance: A Note on Bank Bailouts in the Aftermath of the North Atlantic Financial Crisis of 2007
Accounting, Economics and Law: A Convivium. Volume 6, Issue 1, February 2016, Pages 79–84, DOI: 10.1515/ael-2016-0004
Posted: 27 Feb 2017
Date Written: February 27, 2016
The North Atlantic Financial Crisis of 2007 did suddenly and massively disrupt the activities of financial markets and financial institutions that were organised under a market-based financial architecture at local and international levels. Both corporate and public policies were at the origin of this financial organisation that was established since the seventies and put at issue by this crisis. Finance and government were then as much complementary as rival actors throughout this market-driven transformation of local and international financial systems. Bank bailouts of 2007–2008 may be situated in this comprehensive and historical pattern, and embedded in the institutional structure that was designed and implemented to organise trans-national financial markets and financialisation.
Keywords: financial regulation, global financial crisis, corporate governance, accounting regulation
JEL Classification: G01,G34, G18, G28, M41, M48
Suggested Citation: Suggested Citation