Joseph Stiglitz: Regulatory reform is necessary to restore confidence in the financial system

Letting financial markets run wild was risky business indeed. Transparency, oversight and fair competition are needed now Our financial system has failed us. Part of the reason it has performed so poorly is inadequate regulations and regulatory structures. Everybody agrees that lack of confidence in our financial system is a problem. But how can there be a restoration of confidence when we have si

[kgbu]

もうすこし、マシなルールがあれば、市場も金融機関もマシな結果になったのでは、という正論。もちろん、規制を厳しくするだけじゃ能がない。人々にとって利益になるような行動をさせるインセンティブと監視が肝