If the Financial System Is Complex, How Can We Regulate It

Dados Bibliográficos

ID12155195
AutoresEdoardo Gaffeo (0000-0002-2236-2104, University of Trento, autor correspondente), Roberto Tamborini (0000-0003-0416-1437, University of Trento)
Ano2011
Volume40
Fascículo2
Páginas79-97
Data de publicação2011-07-01
Peer ReviewedSim
Open AccessNão
TipoARTICLE
PeriódicoInternational Journal of Political Economy (JOURNAL)
Identificadores do periódicoISSN: 0891-1916 • E-ISSN: 1558-0970
EditoraTaylor & Francis (PUBLISHER • GB)
DOI10.2753/ijp0891-1916400205
OpenAlexW2063100645
IdiomaEN
Citações recebidas4
Referências citadas34

The great financial crisis that erupted in 2007 has shaken not only the world economy but also the so-called mainstream of economics. As a major corollary, the issue of how financial markets are or should be regulated is in the eye of the storm. In this article, we discuss a new approach to economic analysis that is gradually emerging from the current debate, that of complexity, which is gaining ground especially in finance, particularly in the field of network analysis. We discuss the relationship between economic complexity and economic policy from the perspective of the search for new regulatory tools of financial systems. Our main point is that the complexity approach to financial markets by way of network analysis may represent a major stride in our understanding of these systems but also that we should be aware that this approach poses formidable challenges to policy design

Business · Corollary · Economic system · Economics · Field (mathematics · Financial crisis · Financial market · Financial regulation · Macroeconomics · Mainstream · Perspective (graphical · Point (geometry · Political science · Banking stability, regulation, efficiency · Complex Systems and Time Series Analysis · Computer Science · Economic theories and models · Finance

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