The Ethics of Banking - Conclusions from the Financial Crisis (Hardcover, 2011 Ed.)

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.

General

Imprint:	Springer
Country of origin:	Netherlands
Series:	Issues in Business Ethics, 30
Release date:	April 2011
First published:	2011
Authors:	Peter Koslowski
Dimensions:	235 x 155 x 22mm (L x W x T)
Format:	Hardcover
Pages:	214
Edition:	2011 Ed.
ISBN-13:	978-9400706552
Categories:	Books > Business & Economics > Business & management > Business ethics Books > Business & Economics > Finance & accounting > Finance > Banking Books > Money & Finance > Banking Promotions
LSN:	9400706553
Barcode:	9789400706552

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