Asset Prices and the Financial Crisis of 2007-2009: Overview of Theories and Policies

Anastasios G Malliaris; Daniels Hayford; A. (Tassos) G. Malliaris

doi:10.1007/s12143-010-9062-9

Asset Prices and the Financial Crisis of 2007-2009: Overview of Theories and Policies

Anastasios G Malliaris, Daniels Hayford, A. (Tassos) G. Malliaris

Loyola University Chicago

Research output: Contribution to journal › Article › peer-review

Abstract

The financial crisis of 2007–09 has led to a rethinking of the role of monetary and financial regulatory policy. It has also called into question the benefits of financial innovation and monetary policy that focuses solely on inflation and the output gap. This paper discusses financial instabilities in general, the recent financial crisis as well as the appropriate role of monetary and financial regulatory policy in dealing with asset bubbles. The paper concludes by evaluating appropriate policies to reduce the economic impact of future financial crises.

Original language	American English
Journal	School of Business: Faculty Publications and Other Works
Volume	39
Issue number	10
DOIs	https://doi.org/10.1007/s12143-010-9062-9
State	Published - Mar 1 2010

Keywords

Asset bubbles
Financial crisis
Regulation

Disciplines

Business

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Asset Prices and the Financial Crisis of 2007-2009: Overview of Theories and Policies

Abstract

Keywords

Disciplines

Access to Document

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