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

See all articles by Yuri Biondi

Yuri Biondi

French National Center for Scientific Research (CNRS)

Date Written: February 27, 2016

Abstract

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

Biondi, Yuri, Empowering Market-Based Finance: A Note on Bank Bailouts in the Aftermath of the North Atlantic Financial Crisis of 2007 (February 27, 2016). Accounting, Economics and Law: A Convivium. Volume 6, Issue 1, February 2016, Pages 79–84, DOI: 10.1515/ael-2016-0004. Available at SSRN: https://ssrn.com/abstract=2923614

Yuri Biondi (Contact Author)

French National Center for Scientific Research (CNRS) ( email )

IRISSO - University Paris Dauphine PSL
Place Marechal Lattre Tassigny
75016 Paris
France

HOME PAGE: http://yuri.biondi.free.fr/

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