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001 978-94-007-0656-9
003 DE-He213
005 20140220083831.0
007 cr nn 008mamaa
008 110419s2011 ne | s |||| 0|eng d
020 _a9789400706569
_9978-94-007-0656-9
024 7 _a10.1007/978-94-007-0656-9
_2doi
050 4 _aHG1-9999
050 4 _aHG4501-6051
050 4 _aHG1501-HG3550
072 7 _aKFF
_2bicssc
072 7 _aKFFK
_2bicssc
072 7 _aBUS027000
_2bisacsh
072 7 _aBUS004000
_2bisacsh
082 0 4 _a657.8333
_223
082 0 4 _a658.152
_223
100 1 _aKoslowski, Peter.
_eauthor.
245 1 4 _aThe Ethics of Banking
_h[electronic resource] :
_bConclusions from the Financial Crisis /
_cby Peter Koslowski.
264 1 _aDordrecht :
_bSpringer Netherlands :
_bImprint: Springer,
_c2011.
300 _aXV, 214 p.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aIssues in Business Ethics,
_x0925-6733 ;
_v30
505 0 _aPreface -- Introduction: Is the Finance Industry Ethically Irrelevant? -- Part A Foundations of Business and Finance Ethics -- Chapter 1 Ethical Economy, Economic Ethics, Business Ethics -- Part B The Ethical Economy and Finance Ethics of the Markets for Credit, Capital, Corporate Control, and Derivatives -- Chapter 2 The Ethical Economy of the Credit Market -- Chapter 3 The Ethical Economy of the Capital Market -- Chapter 4 Insider Knowledge and Insider Trading as Central Problems of Finance Ethics -- Chapter 5 The Ethical Economy of the Market for Corporate Control and for Corporate Know-How -- Chapter 6 The Ethical Economy of the Market for Derivatives: Trading with Values Derived from Other Values for Hedging, Speculation, and Arbitrage -- Chapter 7 Interdependences Between the Financial Markets for Credit, Capital, and Derivatives, and the Challenges the Financial Markets Pose for Ethics -- Chapter 8 The ‘Banking Secret’ and the Right to Privacy The Banks’ Duty of Confidentiality and Banking Secrecy -- Part C Financial Wagers, Hyper-Speculation, Financial Overstretch The Financial Market Crisis of 2008 and Finance Ethics -- Chapter 9 Financial Wagers, Hyper-Speculation, and Shareholder Primacy -- Chapter 10 Financial Overstretch The Epochal Disturbance of the Invisible Hand of the Market by the Financial Industry -- References.
520 _aThis book analyzes the systemic and the ethical mistakes that have led to the financial crisis of 2008. It explores the middle ground between the argument that financial managers cannot be expected to take responsibility for a systemic crisis and the argument that moral failure is the one and only origin of the crisis. The book investigates the role of speculation in the formation of the crisis. It distinguishes between productive speculation for hedging and for securing market liquidity on the one hand, and unproductive and even detrimental hyper-speculation, on the other. The book argues that hyper-speculation goes far beyond the degree of speculation that is necessary for the liquidity of financial markets in a developed economy, and has thus increased the risks of the financial system and will continue to do so. This book offers an ethics of banking and an ethical economy of the financial markets to counterbalance the financial industry’s purely economic approach.
650 0 _aEconomics.
650 0 _aEthics.
650 1 4 _aEconomics/Management Science.
650 2 4 _aFinance/Investment/Banking.
650 2 4 _aEthics.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9789400735927
830 0 _aIssues in Business Ethics,
_x0925-6733 ;
_v30
856 4 0 _uhttp://dx.doi.org/10.1007/978-94-007-0656-9
912 _aZDB-2-SHU
999 _c109347
_d109347