Financial fraud is a serious and seemingly intractable problem.
Financial scandals regularly punctuate newspaper headlines and
regulators and auditors appear bereft of effective responses. But
has this always been the case?This book quantifies financial crime
in the UK using three centuries of data. It demonstrates how
financial fraud and scandal vary according to systematic economic
and institutional arrangements. In doing so, it retells the history
of British capitalism, from the mercantilism of the eighteenth
century to the financial capitalism of the twenty-first century,
illustrating the often negative consequences of economic ideology,
policy and structure. It identifies periods when fraud has been
less problematic and contrasts these with times when it has surged.
The variation of outcomes reflects the balance of power between the
state, industrial and financial sectors, the provision of credit
through risky lending, and the effectiveness of audits. 'Rogue
traders' and other flawed individuals are frequently the focus of
blame narratives constructed with the intention of deflecting
comprehensive systematic reforms.
General
Imprint: |
World Scientific Publishing Co Pte Ltd
|
Country of origin: |
Singapore |
Series: |
Frontiers Of Accounting And Financial History, 0 |
Release date: |
December 2023 |
Authors: |
Steven Toms
|
Pages: |
360 |
ISBN-13: |
978-981-12-8100-6 |
Categories: |
Books
|
LSN: |
981-12-8100-9 |
Barcode: |
9789811281006 |
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