The Relationship Between Too Big To Fail， Financial Stabilityand Financial Regulation―Based on the.docVIP

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2017-03-30 发布于北京
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The Relationship Between Too Big To Fail， Financial Stabilityand Financial Regulation―Based on the.doc

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The Relationship Between Too Big To Fail， Financial Stabilityand Financial Regulation―Based on the.doc

The Relationship Between Too Big To Fail， Financial Stabilityand Financial Regulation―Based on the 　　【Abstract】Too Big To Fail was proved by the financial crisis， which swept the globe in 2008. But actually， this phenomenon is a more reflection of the significance of the financial stability and regulation. This passage will try to prove it from the case of Lehman Brothers. I will try to explain what role the government played in it， too. 　　【Key words】Too Big Too Fail； financial stability and regulation； Lehman Brothers 　　1. Definition 　　a） Too Big To Fail 　　Too big to fail， this phrase describes a phenomenon that some companies， especially for the financial companies， are so essential that the local government have to deliver a hand for avoiding their failure. If the local government just look at them and have never done anything， they will fail and be a catastrophe for all over world. So， the awkward situation was appeared―Too Big To Fail. 　　Above mentioned is the situation as the economy is depressed. It seems a very big problem in the financial word. But when the economy is booming， these companies can get more competitive advantages than the small firms. Finally they will get bigger than bigger. See？ It seems so unfair. However， the bigger ones usually burden more. They are always the backbone of one country. This phenomenon also proves that the financial regulation by government is invalid， especially when the economy is depressing. 　　b）Financial Stability 　　Financial stability is a global issue. This industry has been growing so rapidly in recent years that it is surprising to note that the term itself is a relatively recent coin. Bank of England made the first use of the term in 1994. And the Bank of England was the first institution to launch a financial stability review in 1996.Since then， the term has become one in general and pervasive use. 　　Now， people is generally believed that financial stability is the main component of the financial sys