Panoeconomicus 2011 Volume 58, Issue 3, Pages: 373-391
https://doi.org/10.2298/PAN1103373F
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Exigency politics or new world order?
Filipović Miroslava (Faculty of European Legal and Political Studies, Sremska Kamenica)
Since the onset of the current crisis, numerous intergovernmental
organizations made declarations and plans, but only national packages were
implemented to minimize adverse effects to real (national) economies. Despite
the fact that capital markets have long ago become increasingly complex with
a multitude of actors, a state-level approach remains firmly in place. This
paper aims to present political responses to the crisis, identifying how
politicians envision the future of capital markets and the world economy. The
financial crisis might have been a direct motive to start a global political
interplay regarding regulation, but it was also a unique opportunity for
numerous actors to start pressing for their own agenda vis-à-vis the global
economic and political order. Reviewing the responses of several of the most
prominent actors on the scene may contribute to understanding how close the
world is to having a new financial - or even economic - structure on the
global level.
Keywords: crisis, capital markets, regulation, political agendas
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