Theoretical and Applied Economics
No. 3 / 2013 (580)
Liberalisation and regulation in the financial crisis – is behavioural economics a solution?
Alexandru Ioan Cuza University of Iaşi
Paula-Elena DIACON
Alexandru Ioan Cuza University of Iaşi
Gabriel-Andrei DONICI
Alexandru Ioan Cuza University of Iaşi
Abstract. The causes of economic crisis are a subject of intense debate, most opinions of economists ranging from the liberalization of the market to its regulation. We believe that usually there is “sufficient state” and that a change in its level does not have the expected effects. Although on the long term the reduction of the state presence would be preferable, on the medium and short term this would have negative effects, such as the reduction of the number of employees. One solution would be abandoning the simplistic neoclassical economic models, and replacing them with models developed in behavioural economics that would allow state and companies to develop more effective strategies.
Keywords: financial crisis; liberalization; government intervention; behavioural economics; homo oeconomicus.
Contents
- Sustainability of the public debt
and the financial crisis
Aura Gabriela SOCOL
- The lending channel and budget balance:
empirical evidences
from Central and Eastern European economies
Bogdan-Gabriel MOINESCU
- Heterogeneous capital and consumption goods
in a structurally generalized Uzawa’s model
Wei-Bin ZHANG
- Differences between the nominal values
of the gross domestic product and the provisional
and semi-final variant
Vergil VOINEAGU
- Forecasting the variance and return of Mexican
financial series with symmetric GARCH models
Fátima Irina VILLALBA PADILLA
Miguel FLORES-ORTEGA
- Meanings and spreading patterns of the “positive”
concept in economic thought
Angela ROGOJANU
George ŞERBAN-OPRESCU
- Implications of the single supervisory mechanism
on ECB's functions and on credit institutions' activity
Teodora Cristina BARBU
Iustina Alina BOITAN
- Analysing movements in investor’s risk aversion
using the Heston volatility model
Alexie ALUPOAIEI
Andrei HREBENCIUC
Ana-Maria SĂNDICĂ
- The labour market in the post-crisis economy:
the case of Spain
Mirela Ionela ACELEANU
- Liberalisation and regulation in the financial crisis –
is behavioural economics a solution?
Liviu-George MAHA
Paula-Elena DIACON
Gabriel-Andrei DONICI