Nach den Krisen der 90er Jahre
Re-Regulierung der internationalen Finanzmärkte?
The financial crises of the 90s have underlined the need for a comprehensive re-regulation of international financial markets. Although a number of measures addressing both the erratic developments of exchange rates and the volatility of capital flows could be implemented, it is unlikely that we will witness a substantial change of the current system, which produces instability and enormous opportunities for profits at the same time. The main obstacles for a re-regulation of the international financial markets are not of a technical nature, but are the results of vested interests in the USA, namely of the “Wall Street Treasury Complex” (Jagdish Bhagwati).