Economy
Mohammad Javad Sharifzadeh
Volume 17, Issue 9 , March 2018, , Pages 137-156
Abstract
The issue of failure and bankruptcy of financial institutions, especially banks, is one of the most complex legal-economic issues that has generally been addressed within the framework of the usual rules of bankruptcy in private law. The experience of financial crises, especially the crisis of 2009-2008, ...
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The issue of failure and bankruptcy of financial institutions, especially banks, is one of the most complex legal-economic issues that has generally been addressed within the framework of the usual rules of bankruptcy in private law. The experience of financial crises, especially the crisis of 2009-2008, showed that failure and bankruptcy of banks and other important financial institutions could lead to financial and economic instability. Consequently, in recent years, the issue of financial stability has become one of the main goals of economic and social policy makers, and the special system of bank failure (the so-called Resolution System) has become a pivot point of financial stability, so that many countries in the world have taken steps to create or develop a resolution system. This article, while introducing the resolution system, evaluates the legal system of Iran in terms of global standards in this field. The findings of the paper show that despite the fact that the legislators in Iran recognized the importance of the issue of bank failure and tried to partially divide the banks’ failure arrangements from the failure arrangements for other firms, the establishment of a resolution system for enhancing financial stability, and the strengthening of the economic system is urgent.
Economy
Mohammad Javad Sharifzadeh
Volume 17, Issue 3 , September 2017, , Pages 53-70
Abstract
The idea of the proper role of the public sector (the state) in the economy has been discussed from the ancient times and due to its importance has entered the educational programs of universities around the world. This paper introduces and critically analyses Jonathan Gruber’s Book entitled “Public ...
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The idea of the proper role of the public sector (the state) in the economy has been discussed from the ancient times and due to its importance has entered the educational programs of universities around the world. This paper introduces and critically analyses Jonathan Gruber’s Book entitled “Public Finance and Public Policy”. The book is one of the most recent textbooks in the field and is used as the main textbook in the public sector economics courses in many universities. The main strengths of the book are: fulfilling the formal standards of textbooks, up-to-date contents, the author’s emphasis on the practical and experimental issues of the public finance, its logical order, and its very user friendly writing. But, the book has some important shortcomings such as: its emphasis on the Pareto approach and neglecting alternative approaches such as the Rawlsian approach or the Amarya sen`s capability approach, lack of care to the historical approach and issues, neglecting non-liberal economists’ theories (e.g. socialist theories), neglecting the specific issues of the public finance in developing countries and ignoring new scientific instruments and issues such as game theory and behavioral public finance.
