The causes of the financial crisis in the US and the current financial regulatory reforms

Academic Public Administration Studies

The causes of the financial crisis in the US and the current financial regulatory reforms

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dc.contributor.author Chen, Greg
dc.date.accessioned 2010-08-01T15:35:28Z
dc.date.available 2010-08-01T15:35:28Z
dc.date.issued 2010-08-01
dc.identifier.uri http://www.apas.admpubl.snspa.ro/handle/2010/240
dc.description.abstract The United States have experienced a major financial meltdown in recent years. The economic consequences have been dramatic and traumatic, and are still being felt across the nation. Millions of people have lost their job and many more million have lost their homes. The impacts of the financial crisis and economic recession have rippled around the world, affecting economies large and small, such as China and Iceland. Many reasons have been offered to account for the financial crisis. Opinions differ substantially, largely dependent on economic orientation and political persuasion. Formally, the US Government is in the process of identifying the causes and drafting legislations for financial regulatory reform. This paper outlines the leading thinking and the current legislative initiatives on this matter. The paper is divided into four sessions. After this introduction, we discuss the course and the proposed solutions. It concludes by summarizing the most recent reform bill of US Senate. This financial storm and their proposed counter measures in the US may prove to be of relevance and value to researchers and policy makers in China. en_US
dc.language.iso en_US en_US
dc.publisher Sino-US International Conference on Public Administration (5th) “The Role of Government in Fighting the Financial Crisis",14-17 june 2010,Xiamen,China en_US
dc.subject US Financial Crisis en_US
dc.subject Advanced Warning System en_US
dc.subject Too Big to Fail en_US
dc.subject Transparency&Accountability en_US
dc.title The causes of the financial crisis in the US and the current financial regulatory reforms en_US
dc.type Working Paper en_US


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