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In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a substantial mortgage lender. In fact, ten years...
Persistent link: https://www.econbiz.de/10011689937
This paper examines common regulation as cause of interbank contagion. Studies based on the correlation of bank assets and the extent of interbank lending may underestimate the likelihood of contagion because they do not incorporate the fact that banks have a common regulator. In our model, the...
Persistent link: https://www.econbiz.de/10011605242
referring to the notion of responsibility which is a central concept of political philosophy and theory. It will be shown that …
Persistent link: https://www.econbiz.de/10010304380
In this paper, we discuss the relationship between responsibility and joint production. Responsibility mirrors our … ability to act freely. We can act freely only if we can assume responsibility for our actions and their consequences; the … limits of our responsibility are therefore also the limits of our liberty (part I). Thus, a problem of responsibility arises …
Persistent link: https://www.econbiz.de/10011422114
Probleme die Verantwortung trägt. In ihrer Komplexität machen es diese Umweltprobleme vielmehr fraglich, ob wir für unsere … Eingriffe in die Natur Verantwortung überhaupt übernehmen können. Und was heißt überhaupt: Verantwortung tragen oder … Verantwortung übernehmen? Diese Fragen lassen sich mithilfe des Konzepts der Kuppelproduktion untersuchen. In diesem Aufsatz …
Persistent link: https://www.econbiz.de/10011422124
Dorfentwicklung Niedersachsen. The article elaborates the importance of collective responsibility of citizens, administration and … municipalities in villages and points out the need for further studies. The need for taking over responsibility as a topic in the …
Persistent link: https://www.econbiz.de/10012108701
We derive a natural definition of responsibility in a formal model where employees care for their career prospects: A … are equilibria where either a single agent or no agent is responsible for a task but joint responsibility never arises …
Persistent link: https://www.econbiz.de/10010262163
, Verantwortung, Gerechtigkeit, Nachhaltigkeit und Corporate Citizenship – eingehend illustriert. Hierauf aufbauend skizziert der …, responsibility, sustainability, and corporate citizenship. Based on this analysis, the article spells out implications for the way …
Persistent link: https://www.econbiz.de/10011733747
Anwendung auf Begriffe des öffentlichen Diskurses – Freiheit, Solidarität, Verantwortung, Gerechtigkeit, Nachhaltigkeit und … normative categories such as justice, solidarity, responsibility, sustainability, and corporate citizenship. Based on this …
Persistent link: https://www.econbiz.de/10011733772
We develop and formalize a utilitarian notion of responsibility for sustainability which is inspired by Singer's (1972 …) principle and the Brundtland Commission's notion ofsustainability (WCED 1987). We relate this notion of responsibility to …. Sustainability and responsibility for sustainability are equivalent if and only if sustainability is feasible. If it is not, there …
Persistent link: https://www.econbiz.de/10010281771