Jump to ContentJump to Main Navigation
International FinanceA Survey$
Users without a subscription are not able to see the full content.

H. Kent Baker and Leigh A. Riddick

Print publication date: 2012

Print ISBN-13: 9780199754656

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199754656.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 20 April 2021

Understanding Financial Market Failures

Understanding Financial Market Failures

(p.589) 28 Understanding Financial Market Failures
International Finance


Oxford University Press

Most industrialized countries suffered a major breakdown of financial markets and systems during the period 2007 to 2009. This chapter reviews the causes and consequences of this financial market failure and its relationship with market inefficiencies to develop a framework for possible corrective regulations. The analysis combines insights from multiple fields such as finance, economics, and politics to understand the many reasons for market failure. This analysis is the basis for developing five practical principles to guide regulations required to mitigate the effects of market failures. The results should be of interest to individuals, money managers, business executives, and policymakers.

Keywords:   market efficiency, behavioral finance, regulation, market failure

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .