The Impact of Lax Financial Regulation on the Euro Crisis

Jia Xu; Qi Gao; Jing He

doi:10.47297/wspdecWSP2515-797310.20250902

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The Impact of Lax Financial Regulation on the Euro Crisis

9卷第2期

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The Impact of Lax Financial Regulation on the Euro Crisis
The Impact of Lax Financial Regulation on the Euro Crisis
Chongqing College of International Business and Economics, Chongqing, 401520
2025年9卷第2期页码：49-54
纸质出版日期：2025-02-25
DOI：10.47297/wspdecWSP2515-797310.20250902
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(2025). The Impact of Lax Financial Regulation on the Euro Crisis. 发展经济学, 9(2), 49-54.

Jia Xu,Qi Gao,Jing He.The Impact of Lax Financial Regulation on the Euro Crisis[J].Development Economics of China,2025,09(02):49-54.
(2025). The Impact of Lax Financial Regulation on the Euro Crisis. 发展经济学, 9(2), 49-54. DOI： 10.47297/wspdecWSP2515-797310.20250902.

Jia Xu,Qi Gao,Jing He.The Impact of Lax Financial Regulation on the Euro Crisis[J].Development Economics of China,2025,09(02):49-54. DOI： 10.47297/wspdecWSP2515-797310.20250902.

摘要

Abstract

A loose financial regulatory framework that was especially susceptible to outside shocks was the root cause of the euro crisis. Despite the establishment of supranational regulators by the European Union following the crisis

institutions encountered issues with overlapping regulatory functions and limited authority. Poor regulation

which ultimately caused the financial system to collapse due to the influx of risk money

is exemplified by the Irish financial crisis. With the implementation of an embedded regulatory system

the creation of a single regulatory mechanism

and other actions to improve the stability of the financial system

the EU has now advanced in the field of financial regulation. To collaboratively create a more resilient and effective financial system in the future

however

it will be essential to improve international collaboration and make clear the roles and responsibilities of regulators.

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Keywords

references

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