Competition, Innovation and Financial Crises: A Perspective on the Current Financial Market Turmoil

被引：0

作者：

Heather D. Gibson

机构：

[1] Bank of Greece,

来源：

Open Economies Review | 2010年 / 21卷

关键词：

Financial crisis; Competition; Innovation; G20; G15;

D O I：

暂无

中图分类号：

学科分类号：

摘要：

This paper provides a perspective on the causes of the current financial crisis by comparing it to the international debt crisis of the early 1980s. It argues that competition and innovation can lead to unsustainable debt build-ups as risk is consistently underestimated and underpriced. This has important implications for policies for crisis prevention.

引用

页码：151 / 157

页数：6