Publication: Formación de burbujas financieras y crisis: de la crisis del Nasdaq a la crisis de la hipotecas subprime
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2009
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Instituto Complutense de Estudios Internacionales (ICEI)
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A partir de dos burbujas recientes, la de los valores tecnológicos, NASDAQ, y la actual burbuja de la deuda se pone énfasis en los problemas de valoración y medición de los riesgos financieros y en los errores de la regulación y supervisión financieras que ha estado guiada por el paradigma de los mercados eficientes y la autorregulación. Se analiza el reciente informe Turner de la FSA del Reino Unido planteando la necesidad de una revisión radical de los fundamentos sobre los que se diseña la normativa reguladora y las prácticas supervisoras.
Starting from the last two more recent financial bubbles, dot-com companies one, NASDAQ, and the current debt bubble, the article emphasizes the problems in financial risks valuation and measuring and errors in the financial regulatory and supervisory driven by efficient markets paradigm and autoregulation. Based on Turner Review, recently published by the UK Financial Services Authority (FSA), it is established the need for a radical change in the regulatory standards and supervisory practice.
Starting from the last two more recent financial bubbles, dot-com companies one, NASDAQ, and the current debt bubble, the article emphasizes the problems in financial risks valuation and measuring and errors in the financial regulatory and supervisory driven by efficient markets paradigm and autoregulation. Based on Turner Review, recently published by the UK Financial Services Authority (FSA), it is established the need for a radical change in the regulatory standards and supervisory practice.
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