The Social Value Of The Financial Sector


The Social Value Of The Financial Sector
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The Social Value Of The Financial Sector


The Social Value Of The Financial Sector
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Author : Viral V. Acharya
language : en
Publisher: World Scientific
Release Date : 2014

The Social Value Of The Financial Sector written by Viral V. Acharya and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Business & Economics categories.


As a result of the recent financial crisis, there has been significant public debate on the role of the financial sector in bringing about the Great Depression. More generally, there has been debate about whether the current industry structure has enhanced social welfare or served a detrimental role. This book is a collection of papers presented at the conference held at the Federal Reserve Bank of Chicago, in November 2012 that examined the social value of the financial sector as currently structured. Issues evaluated include what are the perceived benefits and costs of the current financial system How valuable have industry innovations been for society Should regulation be used to move the industry in a direction thought to be more valuable for society Should big banks be broken up What are the welfare implications of the current industry structure In the book, leading industry scholars debate these issues with a goal of influencing public policy toward the industry.



Banking Across Boundaries


Banking Across Boundaries
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Author : Brett Christophers
language : en
Publisher: John Wiley & Sons
Release Date : 2013-01-07

Banking Across Boundaries written by Brett Christophers and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-07 with Social Science categories.


This compelling contribution to contemporary debates about thebanking industry offers a unique perspective on its geographicaland conceptual ‘placement’. It traces the evolvinglinks between the two, revealing how our notions of banking‘productiveness’ have evolved alongside the shiftingloci of banking activity. An original contribution to the urgent debates taking place onbanking sparked by the current economic crisis Offers a unique perspective on the geographical and socialconcept of ‘placement’ of the banking industry Combines theoretical approaches from political economy withcontemporary literature on the performativity of economics Details the globalization of Western banking, and analyzes howrepresentations of the banking sector’s productiveness haveshifted throughout the evolution of Western economic theory Analyzes the social conceptualization of the nature – andvalue – of the banking industry Illuminates not only how economic ideas ‘perform’and shape the economic world, but how those ideas are themselvesalways products of particular economic realities



Corporate And Social Transformation Of Money And Banking


Corporate And Social Transformation Of Money And Banking
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Author : S. Mouatt
language : en
Publisher: Springer
Release Date : 2010-10-29

Corporate And Social Transformation Of Money And Banking written by S. Mouatt and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-10-29 with Business & Economics categories.


As the real economy is increasingly digitalized, banking lags behind. It is thus not well placed to support the new economy. The book provides some perspective on the changes taking place, identifying the systemic weaknesses in the traditional financial infrastructure, and proposing some radical rethinking to address systemic financial instability.



Csr In The Banking Industry


Csr In The Banking Industry
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Author : Ronny Röwert
language : de
Publisher: GRIN Verlag
Release Date : 2011-11-22

Csr In The Banking Industry written by Ronny Röwert and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-11-22 with Business & Economics categories.


Essay aus dem Jahr 2011 im Fachbereich BWL - Bank, Börse, Versicherung, , Sprache: Deutsch, Abstract: In the wake of the recent and still ongoing utterly devasting global financial crisis, both reputation and legitimacy of banks are highly under pressure. This situation is best demonstrated by the current protests in New York, generally known under the heading of ‘Occupy Wall Street’ (Krugman, 2011). The fact that the protestors’ claims are even generally acknowledged by leading economists, such as Nobel laureates Stiglitz and Krugman, and to some extent by Obama himself, shows how the financial crisis brought the banking industry and its contested practices dramatically into the public consciousness. It resulted in a massive erosion of trust and reputation in the industry. In terms of social responsibilitiy, this crisis showed that no other sector and profession has a “comparable ability to privatise gains and socialise losses” (Decker & Sale, 2009, p. 136). In order to address the current negative externalities of banks, such as social costs related to government bailouts, and the question of their crucial role in our economy and society, the concept of Corporate Social Responsibility (CSR) can serve as a helpful framework. Firstly, this essay aims to show the essential role finance, and thereby the banking industry, is playing in our economy. Afterwards, the results will be used in order to assess the potential relationship between finance and a more sustainable economy. The following section will analyse the potentials banks have to create shared value due to the crucial role of trust and reputation.



Handbook Of Research On Climate Change And The Sustainable Financial Sector


Handbook Of Research On Climate Change And The Sustainable Financial Sector
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Author : Olarewaju, Odunayo Magret
language : en
Publisher: IGI Global
Release Date : 2021-06-25

Handbook Of Research On Climate Change And The Sustainable Financial Sector written by Olarewaju, Odunayo Magret and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-25 with Business & Economics categories.


Climate change is a major problem, generating both risks and opportunities that will have a direct impact on the economy and the financial sector. In recent years, climate change has threatened both the survival of the financial system and economic development. The growing occurrence of extreme climate events combined with the imprudent nature of economic growth can cause unsustainable levels of harm to the financial sectors. On the other hand, it presents a range of new business challenges. In contrast to the most evident physical risks, companies are vulnerable to transformational risks that arise from the reaction of society to climate change, such as technological change, regulation and markets that can boost the cost of doing business, threats to the profitability of existing goods, or effects on the value of the asset. Climate change also offers new business opportunities, and it has made research in the context of a sustainable financial sector indispensable. The Handbook of Research on Climate Change and the Sustainable Financial Sector focuses on the impacts of climate change on various sectors of the world economy. This book covers how businesses can improve their sustainability, the impact of climate change on the financial sector, and specifically, the impacts on financial services, supply chains, and the socio-economic status of the world. Beyond focusing on the impacts to the financial industry itself, this book assesses how climate change in the financial sector affects the well-being of society in areas such as unemployment, economic recessions, decreases in consumer purchases, and more. This book is essential for stockbrokers, business managers, directors, fund managers, financial analysts, consultants and actuaries, institutional investors, policymakers, practitioners, researchers, academicians, and students interested in a comprehensive view of the impact of climate change on the financial sector.



Creating Value And Improving Financial Performance


Creating Value And Improving Financial Performance
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Author : Paul Wachtel
language : en
Publisher: Springer Nature
Release Date : 2023-03-21

Creating Value And Improving Financial Performance written by Paul Wachtel and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-21 with Business & Economics categories.


This book discusses the transformation of the banking industry, particularly after a number of recent shocks: 2008 financial crisis, 2012 Euro-sovereign crisis, the pandemic COVID-19 crisis, the technological revolution, and reputational problems in banking due to climate risk and ESG (Environmental, Social and Governance) metrics. The book emphasizes two post-pandemic issues: the role of financial education and inclusive finance, and responsible banking and ESG priorities. Individual chapters analyse how the pandemic shed new light on social and governance responsibilities: Major issues include the importance and efficiency of financial education, and the impact of ESG programs on firms’ value, banks’ probability of default, bank business models and reputation risk. The book also addresses investors’ behaviour and the factors which may bias financial disclosure and reporting. By addressing whether the post-2008 crisis bank restructuring has effectively created a resilient and sustainable banking system – mostly from the European market’s perspective – the book will be of interest to researchers, academics, policy makers, and professionals of banking and financial institutions.



Social Banking And Social Finance


Social Banking And Social Finance
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Author : Roland Benedikter
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-01-13

Social Banking And Social Finance written by Roland Benedikter and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-13 with Business & Economics categories.


For over 2,000 years, banks have served to facilitate the exchange of money and to provide a variety of economic and financial services. During the most recent financial collapse and subsequent recession, beginning in 2008, banks have been vilified as perpetrators of the crisis, the public distrust compounded by massive public bailouts. Nevertheless, another form of banking has also emerged, with a focus on promoting economic sustainability, investing in community, providing opportunity for the disadvantaged, and supporting social, environmental, and ethical agendas. Social Banking and Social Finance traces the emergence of the “bank with a conscience” and proposes a new approach to banking in the wake of the economic crisis. Featuring innovations and initiatives in banking from Europe, Canada, and the United States, Roland Benedikter presents an alternative to traditional banking practices that are focused exclusively on profit maximization. He argues that social banking is not about changing the system, but about improving some of its core features by putting into use the "triple bottom line" principle of profit-people-planet. Important lessons can be learned by the success of social banks that may be useful for the greater task of improving the global financial system and avoiding economic crises in the future.



Financialization The Power Of The Financial Market And Its Actors


Financialization The Power Of The Financial Market And Its Actors
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Author : Pablo Bernardino Sanchez Arias
language : en
Publisher: GRIN Verlag
Release Date : 2014-07-03

Financialization The Power Of The Financial Market And Its Actors written by Pablo Bernardino Sanchez Arias and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-03 with Political Science categories.


Seminar paper from the year 2014 in the subject Politics - International Politics - Topic: Globalization, Political Economics, grade: 2.3, University of Erfurt, course: International Relations, language: English, abstract: Finacialization is a process by which financial markets, financial institutions and its actors have gained a major influence, or indeed Hegemony, over economic policies, economic outcomes, and the social field. It mainly impacts the behavior between financial sector and real sector, promoting the first, through numerous phenomena: Deregulation of the financial sector and the development of new instruments, capital flow liberalization as well as exchange rate instability, the emergence of new powerful institutional investors, shareholder-Value-orientation and changes in the enterprises’ corporate governance, an easier access to credits for the underbanked social groups, a higher level of real interest rate in comparison to the post-war period. Income transfer from the real sector to the financial sector as well as an increased debt, increasing income inequality and wage stagnation are among financialization’s consequences. Additionally, the financial process operates through changes in the operation of financial markets as well as in the behavior of non-financial corporations, and through changes in economic policy. But where does this financialization process come from? We can argue that its roots are to be traced back in the U.S. after the collapse of the Fordist compromise in the early 1970s, but it clearly develops throughout the 1980s and 1990s. On the other hand some intellectuals argue that it has been brought by the emergence of Neoliberalism at the end of the 1970s and the beginning of the 1980s, which, by advocating free trade, deregulation, liberal economy, privatization as well as an overall reduction in government control of the economy, set the stage for Financialization’s growth.



The Global Financial Crisis And Its Aftermath


The Global Financial Crisis And Its Aftermath
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Author : A.G. Malliaris
language : en
Publisher: Oxford University Press
Release Date : 2016-09-06

The Global Financial Crisis And Its Aftermath written by A.G. Malliaris and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-06 with Political Science categories.


In The Global Financial Crisis, contributors argue that the complexity of the Global Financial Crisis challenges researchers to offer more comprehensive explanations by extending the scope and range of their traditional investigations. To achieve this, the volume views the financial crisis simultaneously through three different lenses---economic, psychological, and social values. Contributors offer a constructive methodology suitable for exploring financial crises. They recognize how current economic analysis did not prepare academic economists, business economists, traders, and regulators to anticipate economic and financial crises. So, they search more extensively within the broader discipline of economics for ideas related to crises but neglected perhaps because they were not mathematically rigorous. They affirm that the complexity of financial crises necessitates complementary research. Thus, to put the focal purpose of this book differently, they explore the Global Financial Crisis from three interconnected frameworks: the standards of orthodox economic analysis, Minskyan economics, and the role of ideas and values in economics. Values are the subject of both philosophy and psychology and can contribute to a better understanding of the Global Financial Crisis. Values, in general, have been relatively neglected by economists. This is not because there is doubt about their significance, but rather because welfare economics and collective choice still operate within the neoclassical paradigm. This volume argues that analyzing the value implications requires moving from the neoclassical framework to something that is broader and multidisciplinary.



Finance And Economy For Society


Finance And Economy For Society
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Author : Sharam Alijani
language : en
Publisher: Emerald Group Publishing
Release Date : 2016-12-22

Finance And Economy For Society written by Sharam Alijani and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-12-22 with Business & Economics categories.


The latest volume of Critical Studies on Corporate Responsibility, Governance and Sustainability examines the social, economic and environmental impacts of corporations, and the real effects of corporate governance, CSR and business sustainability on societies in different regions.