文章基本信息

标题：PRIVATE FINANCIAL SECTOR BEHAVIOUR’S ROLE IN THE FINANCIAL CRISIS: CASE OF THE BANK SECTOR
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作者：Amira Kaddour ; Hedia TERAOUI ; Jameleddine CHICHTI 等
期刊名称：Economics and Finance Review
电子版ISSN：2047-0401
出版年度：2011
卷号：1
期号：4
页码：34-49
出版社：Global Research Society
摘要：Research on Financial crises and mechanisms causing them spurted the interest of actors. Nevertheless, the sudden and the extent of the disasters witnessed recently questions the abi lity of researchers to contain to understand their true sources. It is against this backgrou nd that further investig ating the underlying causes of these crises is very crucial. A number of studies Laho re (2 011 ), (Tillmann (2005), D avis and Stone (2004)) have dealt with the role of private agents in creating financial frag ility. Then, analysing private agents' financial behaviour in terms of thei r malfunctioning and excessive risk taking may be a new venue of explaining recent financial crises. Our results confirm the existence of micro -mechanisms likely to be a source of shocks, suggesting the need to further involve private agents into the prevention and resolution of financial crises. Using a questionnaire-based survey of a number of banks, we point to the existence of a behaviour deficiency. This state of affairs is validated by an analysis of the ratio s inspired by the works of Miotti and Plihon (2001), followed by an application of Sinkey and Blasko's model (2006).We foun d out that agents with a deficient behaviour tend are associated with a high risk level, and higher deficiency probability
关键词：financial crises; private agents' behaviour; globalisation; excessive risk-takin g; a new architecture ;for the international financial system