Book Details
Format
Paperback / Softback
Book Series
Issues in Business Ethics
ISBN-10
9400735928
ISBN-13
9789400735927
Edition
2011 ed.
Publisher
Springer
Imprint
Springer
Country of Manufacture
NL
Country of Publication
GB
Publication Date
Jul 24th, 2012
Print length
214 Pages
Weight
380 grams
Dimensions
23.60 x 15.40 x 1.30 cms
Product Classification:
BankingBusiness ethics & social responsibilityBusiness ethics and social responsibility
Ksh 15,850.00
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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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