Regulation of Financial Markets: A Review of the PERI Literature

November 2008

For the past ten years, PERI's staff economists and our colleagues from around the world have been writing critically about the financial markets. Below we list a selection of this work. In these working papers, articles, books and conference proceedings can be found a range of insights on the origins of the October 2008 crisis, along with suggestions for creating and regulating a more workable, stable, and equitable financial marketplace.

Recommendations for Market Regulation & Policy

Coalition of progressive economists: Progressive Program for Economic Recovery and Financial Reconstruction

Coalition of progressive economists: Principles For Economic Recovery And Financial Reconstruction From Progressive Economists

James Crotty & Gerald Epstein: Proposals for Effectively Regulating the U.S. Financial System to Avoid Yet Another Meltdown

The Political Economy of Monetary Policy and Financial Regulation: A Conference in Honor of Jane D'Arista

Robert Pollin: Ending Casino Capitalism

Robert Pollin: Tools for a New Economy: Proposals for a Financial Regulatory System

Robert Pollin, Dean Baker & Marc Schaberg: Securities Transaction Taxes for U.S. Financial Markets

Robert Pollin & James Heinz: Evaluation of a Proposal to Reinstate the New York Stock Transfer Tax

How We Got Here: The Roots of the Crisis & Economic Theory

James Crotty: Structural Causes of the Global Financial Crisis: A Critical Assessment of the ‘New Financial Architecture’

James Crotty: If Financial Market Competition is so Intense, Why are Financial Firm Profits so High? Reflections on the Current ‘Golden Age’ of Finance

Özgür Orhangazi: Financialization and Capital Accumulation in the Non-Financial Corporate Sector

Thomas Palley: Financialization: What It Is and Why It Matters

Robert Pollin: Financial Structures and Egalitarian Economic Policy

Robert Pollin: The Relevance of Hyman Minsky

Globalization & International Markets

Robert Boyer: The Political Economy of Macroeconomics, Institutions, and Financial Crisis in Europe and the U.S.

Lilia Costabile: Current Global Imbalances and the Keynes Plan

Jane D'Arista: U.S. Debt and Global Imbalances

Alternatives to Inflation Targeting: Central Bank Policy for Employment Creation, Poverty Reduction and Sustainable Growth, conference organized and journal edited by Gerald Epstein and Erinc Yeldan

Minqi Li: U.S., China, and the Unraveling of Global Imbalances

Carlo Panico & Marta Vàzquez Suàrez: A Scheme to Coordinate Monetary and Fiscal Policies in the Euro Area

Robert Pollin: Globalization, Inequality and Financial Instability: Confronting the Marx, Keynes and Polanyi Problems in the Advanced Capitalist Economies

Other Related Work

Christian Weller: Have Differences in Credit Access Diminished in an Era of Financial Market Deregulation?

Andong Zhu, Michael Ash, Michael & Robert Pollin: Stock Market Liquidity and Economic Growth: A Critical Appraisal of the Levine/Zervos Model

Relevant books by PERI authors, former students, and colleagues:

Does Financial Deregulation Work? A Critique of Free Market Approaches by Bruce Coggins

Transforming the U.S. Financial System; Equity and Efficiency for the 21st Century edited by Gary A. Dymski, Gerald Epstein & Robert Pollin

New Perspectives In Monetary Macroeconomics: Explorations in the Tradition of Hyman P. Minsky edited by Gary Dymski and Robert Pollin

Financialization and the World Economy edited by Gerald Epstein

Macroeconomic Policy after the Conservative Era: Studies in Investment, Saving and Finance edited by Gerald Epstein & Harold Gintis

Why The Bubble Burst: US Stock Market Performance since 1982 by Lawrance L. Evans Jr.

Financialization and the U.S. Economy by Özgür Orhangazi

Contours of Descent: U.S. Economic Fractures and the Landscape of Global Austerity by Robert Pollin

The Macroeconomics of Saving, Finance and Investment edited by Robert Pollin