KÜRESEL FİNANSAL KRİZİN DAVRANIŞSAL FİNANS PERSPEKTİFİNDEN DEĞERLENDİRİLMESİ

Abstract

1980'li yıllardan itibaren başlayan finansal serbestleşme ve finansal piyasaların deregülasyonu, küresel ölçekte finansal piyasalarda volatiliteyi arttırmıştır. Finansal serbestleşme ve deregülasyon ile birlikte finansal krizler, bütünleşen piyasalarda daha sık yaşanmaya ve çok daha hızlı yayılmaya başlamış ve krizlerin etkileri geçmişe göre ekonomilere daha fazla zarar verir konuma gelmiştir. Geleneksel finansın söz konusu piyasa konjonktürlerinin değerlendirilmesinde yetersiz kalması, finansal piyasaların kırılganlığının, belirsizliğinin ve öngörülmezliğinin artmasına yol açmaktadır. Bu çalışmada küresel finansal kriz, geleneksel paradigmanın karşı karşıya kaldığı güçlüklere cevap olarak ortaya çıkan davranışsal finans paradigmasının başlıca önermeleri kullanılarak değerlendirilecektir.

Keywords

• Finansal krizler, küresel finansal kriz, davranışsal finans

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