The Ethics of Banking : Conclusions from the Financial Crisis

by Peter Koslowski

Preface -- 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

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Year of publication:	2011
Authors:	Koslowski, Peter
Publisher:	Dordrecht : Springer Science+Business Media B.V
Subject:	Finanzkrise \| Financial crisis \| Welt \| World \| Unternehmensethik \| Business ethics \| Bank \| Ethik \| Ethics \| Wirtschaftsethik \| Economic ethics \| Kreditmarkt
Description of contents:	Table of Contents [gbv.de] ; Description [swbplus.bsz-bw.de] ; Description [swbplus.bsz-bw.de]

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Extent:	Online-Ressource (XV, 214 p, online resource)
Series:	Issues in Business Ethics ; 30 SpringerLink / Bücher
Type of publication:	Book / Working Paper
Language:	English
Notes:	Includes bibliographical references and index The Ethics of Banking; Preface; Introduction: Is the Finance Industry Ethically Irrelevant?; Contents; Part I: Foundations of Business and Finance Ethics; Chapter 1: Ethical Economy, Economic Ethics, Business Ethics: Foundations of Finance Ethics; Purely Economic Economics Versus Ethical Economy; The Justification of Ethical Duties from the Nature of the Matter; Business Ethics and the Fiduciary Duties of the Manager; Part II: 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 Purpose and Task of the Credit MarketThe Purpose of the Bank for Deposit Customers, as the Bank's Creditors; The Purpose of the Bank for Credit Customers, as the Bank's Debtors; Task of the Bank: Intermediating Between Its Creditors and Debtors; Schuldverhältnisse:; Relationships of; Schuld,; of Guilt, Debt, or Obligation. Excursus with Reference to an Equivocation in the German Language; Task of the Bank: Transforming Time Periods and Bearing Risk; Duties of Banks Arising from the Nature of Their Tasks to Facilitate Payments and to Enable Credit Duties Arising from the Bank's Task to Facilitate Payments and Safeguard Liquid FundsDuties Arising from the Task of the Bank to Transform Deposits into Loans; Chapter 3: The Ethical Economy of the Capital Market; The Globalization of the Capital Market; Globalization Extends the Simultaneity of Space and Compresses the Non-Simultaneous Nature of Human Time; Globalization of the Capital Market as the Driver of Globalization of the World; Values and Valuations in the Capital Market; Which Values Should Determine the Actions of Financial Intermediaries in the Capital Market? On the Ethics of Financial ConsultingThe Tasks of the Capital Market and the Duties of the Participants in the Capital Market; Speculation and Finance Ethics; The Functions of Speculation in the Capital Market: Bearing Uncertainty and Risk as Well as Enabling the Division of Labor Betwe; Chapter 4: Insider Knowledge and Insider Trading as Central Problems of Finance Ethics; Insider Trading as Pseudo-Speculation and Agiotage; Arbitrage, Speculation, Agiotage; Insider Trading and the Fiduciary Relationship; Insider Trading as Perverse Incentive; Insider Trading and Short-Termism Insider Trading and the Duty of Ad Hoc PublicityDetrimental Effects of Insider Trading on Allocation, Distribution, and Stability; Experiences After the Entry into Force of the Laws Against Insider Trading in Germany; The Abuse of Insider Knowledge as a Form of Corruption; Ethical Duties of the Investor and of the Firm Quoted on the Capital Market; Chapter 5: The Ethical Economy of the Market for Corporate Control and for Corporate Know-How; Hostile and Friendly Takeovers: The Finance Ethics of Corporate Control and Corporate Takeovers Mergers and Acquisitions: The Capital Market as a Market for Corporate Knowledge and Know-How
ISBN:	978-94-007-0656-9 ; 978-94-007-3592-7
Other identifiers:	10.1007/978-94-007-0656-9 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014015301