Research report

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Research Report
Prentis, Eric L. “Early Evidence on US Stock Market Efficiency: Market vs. State Debate and Deregulation Implications.” Economics and Finance Review Vol.2, No.8, pp.23-34, 2012 Oct
This article seeks to determine whether stocks markets can operate efficiently without the government regulation. It narrows down on the U.S. financial or stock markets and examines to establish whether the stock markets operated with efficiency during the late 19th and early 20th without government regulation. The neo-liberal economists believe that capital markets efficiency increases the efficiency of the market. The article also looks at some of the assumptions of an efficient market and explains why some of the existing research studies supporting efficient markets are mistaken. The article also discusses the role of the market and the state, market manipulation, deregulation and political action. Finally, it proposes some solutions to the 2008 financial crisis and economic meltdown.
This paper is very essential for the research to about the contribution of the deregulation of the U.S. financial market to the financial crisis. The study indicates that efficient free market is not is not easy to obtain under deregulated environment and that market deregulation takes the US economy in the wrong direction. This paper forms part of the research to be carried out concerning the topic selected.
Snyder, Tricia C. “How did Deregulation and Financial Innovations Impact Housing, Wealth and Output?” Journal of Finance and Accounting
This paper seeks to establish how deregulation and financial innovations contributed to the recent financial meltdown and economic recession. It looks at how deregulation of the financial and housing markets has been conducted over the last 30 years. The paper looks at some of the legislations that have been introduced as part of the efforts to deregulate the US financial and housing markets such as The Depository Institutions Deregulation and Monetary Control Act and Garn-St Germain Depository Institutions Act and repealing of the Glass-Steagall Act among others. According to the paper, these efforts to deregulate the US financial and housing markets together with other financial innovations had contri...