The Ethics of Banking : Conclusions from the Financial Crisis
Book Details
Format
Hardback or Cased Book
Book Series
Issues in Business Ethics
ISBN-10
9400706553
ISBN-13
9789400706552
Publisher
Springer
Imprint
Springer
Country of Manufacture
NL
Country of Publication
GB
Publication Date
Apr 22nd, 2011
Print length
214 Pages
Weight
480 grams
Dimensions
24.00 x 16.70 x 2.20 cms
Product Classification:
BankingBusiness ethics & social responsibilityBusiness ethics and social responsibility
Ksh 16,200.00
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This is one of the few books to analyze the systemic and the ethical mistakes that led to the financial crisis of 2008. It keeps the middle ground, while investigating the role of speculation in the formation of the crisis.
The Ethics of Banking analyzes the systemic and the ethical mistakes that led to the crisis. It keeps the middle ground between excusing all failures by the argument of a systemic crisis not to be taken responsibility for by the financial managers and the moralistic reproach that only moral failure is at the origin of the crisis. It investigates the role of speculation in the formation of the crisis and distinguishes between productive speculation for hedging and for securing market liquidity on the one hand, and unproductive and even detrimental hyper-speculation going far beyond of the degree of speculation that is necessary in a developed economy for the liquidity of financial markets, on the other hand. Hyper-speculation has increased the risks of the financial system and is still doing so.
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