Can Tight and Centralized Financial Regulations Prevent Financial Crisis? Effects of Financial Regulations on Monetary Policy

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F12%3A00192973" target="_blank" >RIV/62156489:43110/12:00192973 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
Can Tight and Centralized Financial Regulations Prevent Financial Crisis? Effects of Financial Regulations on Monetary Policy
Original language description
Can tight and centralized financial regulation prevent financial crises? Governments usually respond to financial crises with tightening and centralizing financial regulation. In this paper, we explore the historical parallels between the governmental responses to the financial crises at the end of the 19th and the beginning of the 20th century in the USA and the recent response of the European Union. Our rent-seeking model with endogenous rent derived from the historical narrative predicts that tight and centralized financial regulation might increase the risk of inflationary monetary policy. To illustrate our findings on an empirical example, we calculated the Czech governmental bond seignorage that represents rent extracted through inflationary monetary policy.
Czech name
—
Czech description
—

Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Eurozone and Its Neighbors: The Third Year of Crisis
ISBN
978-80-87106-60-0
ISSN
—
e-ISSN
—
Number of pages
13
Pages from-to
174-186
Publisher name
Martin Stříž Publishing
Place of publication
Bučovice
Event location
Brno
Event date
Jan 1, 2011
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
—

Similar results(10)