ヨーロッパの金融危機対応戦略と金融市場の脆弱性
スポンサーリンク
概要
- 論文の詳細を見る
Europeans tend to interpret the financial panic of 2007-08 as a US problem or a collapse of the Anglo-Saxon model, but the facts suggest otherwise. The ultimate origin of the crisis was the progress of Europeanfinancial market integration and the birth of the euro in the late 1990s, stimulating vigorous cross-border financial services in Europe. In an attempt to catch up with Europe, the US found itself obliged in 1999 to repeal the Glass-Steagall Act, which prohibited affiliations between commercial and investment banks. Subsequently, in the pursuit of further financial market deregulation, transatlantic competition intensified and ultimately ran out of control. Moreover, the current economic turmoil in Europe has been exacerbatedby institutional and economic vulnerability in the euro zone economies. The euro lacks, unlike the US dollar or the yen, an integration of fiscal policy and the financial regulatory system, and several countries including the UK, Spain and Ireland have suffered seriously from their own housing bubble bursts, and European universal banks have leverage ratios insecuritised derivative business much higher than even American investments banks. From this viewpoint, the author examines the scope and sources of the crisis resolution policies adopted by the European Union and the European Central Bank, clarifies European financial market vulnerability and analyses the current “Exit Strategy” in the form of regulatory and supervisory reforms and action plans for business stimulus.
- 2010-03-15
論文 | ランダム
- Z26 IPM研究の現状と問題点(ワーク・ショップ)
- IBRA 養蜂用語辞典, 国際ミツバチ研究協会編, (1985), 第9巻, 英語-フランス語-日本語, 東京, 玉川大学ミツバチ科学研究所, 187pp., 3,000円
- 果樹鱗翅類害虫の性フェロモントラップへの誘殺と雄成虫の分散活動
- E44 クリタマバチの中国産寄生ばちチュウゴクオナガコバチの定着と分散(天敵・生物防除)
- D-40 クリタマバチ虫えいを形成する虫房数と在来寄生ばち寄生虫房数との関係(毒物・殺虫剤・発生予察・防除技術・天敵・生物的防除)