BEYOND THE CRISIS. Research-side view of the financial crisis
Créé le
23.05.2008-
Mis à jour le
04.01.2010The crisis underscores the need to move beyond perfect market and arbitrage models. Conflicts of interest and agency problems must be taken into account. Appropriate incentives must be designed for traders and bankers. Transparency must be enhanced to mitigate information asymmetries and thus enhance market liquidity.