Search

The study investigated the impact of factors such as non-performing loans, CO2 emissions, bank credit, and inflation on the variable sustainable economic growth for India, Brazil, and Romania during the period 2005&ndash, 2017, through a panel data analysis. Specifically, we investigated the timeline before, during, and after economic turmoil, with a special focus on the global financial crisis. Our empirical results are valuable for both developing and developed nations. As a first result, we showed that CO2 emissions increased the level of economic growth, but in this context, authorities should design suitable policies to limit its impact on the overall society. In addition, a single supervision mechanism increased the level of sustainable economic growth. Last but not the least, the period during and after the global financial crisis, sustainable economic growth decreased under the influence of bank credit, inflation, and non-performing loans. Within this framework, public authorities are called to design efficient economic, fiscal, and monetary policies.

Financial derivatives market has become very popular with the trigger of the most destructive financial crisis since the Great Depression of 1929. There were many voices who stated that these instruments have been guilty for the market disturbances. Maybe not the derivatives themselves have caused the recent crisis but their regulation and their use. Therefore, regulators have become concerned in identifying gaps in the existing laws and regulations and proposing solutions in this regard. The regulatory reform on OTC derivatives market has already an impact on market volume and structure. The aim of this paper is to present a review of the most recent actions and decisions of regulatory authorities in the field.