It might not be that easy to deal with both the responsibility for acting discretionarily and the " too big to fail " issue when acting a posteriori. No doubt that the typology of speculation and the common-law principle recalled by Professor Stout will prove extremely useful to vindicate the Council's future interventions ,
Les march??s d??riv??s sont-ils dangereux ?, Revue ??conomique, vol.60, issue.1, 2009. ,
DOI : 10.3917/reco.601.0157
URL : http://www.cairn.info/load_pdf.php?ID_ARTICLE=RECO_601_0157
The Ambiguities of Short Selling: Liquidity or Speculation? Lessons from the Nineteenth Century Paris Bourse, 2010. ,
Rapport au Ministre de l'Economie, de l'Industrie et de l'Emploi publié à la Documentation française Mayhew S The Impact of Derivatives on Cash Markets: What Have We Learned? Working Paper, Normes comptables et crise financière, 2001. ,
Should We Fear Derivatives?, Journal of Economic Perspectives, vol.18, pp.3-2004, 2004. ,
DOI : 10.2139/ssrn.545682
URL : http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.197.1356