Issues in Business Ethics

The Ethics of Banking

Conclusions from the Financial Crisis

Authors: Koslowski, Peter

  • One of the few books on the ethical side of the financial crisis
  • Analyzes the systemic and the ethical mistakes that led to the financial crisis of 2008
  • Investigates the role of speculation in the formation of the financial crisis
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eBook $69.99
price for USA (gross)
  • ISBN 978-94-007-0656-9
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $199.00
price for USA
  • ISBN 978-94-007-0655-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $89.99
price for USA
  • ISBN 978-94-007-3592-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This 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.

Table of contents (10 chapters)

  • Ethical Economy, Economic Ethics, Business Ethics: Foundations of Finance Ethics

    Koslowski, Peter

    Pages 3-13

  • The Ethical Economy of the Credit Market

    Koslowski, Peter

    Pages 17-29

  • The Ethical Economy of the Capital Market

    Koslowski, Peter

    Pages 31-49

  • Insider Knowledge and Insider Trading as Central Problems of Finance Ethics

    Koslowski, Peter

    Pages 51-69

  • The Ethical Economy of the Market for Corporate Control and for Corporate Know-How

    Koslowski, Peter

    Pages 71-81

Buy this book

eBook $69.99
price for USA (gross)
  • ISBN 978-94-007-0656-9
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $199.00
price for USA
  • ISBN 978-94-007-0655-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $89.99
price for USA
  • ISBN 978-94-007-3592-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Ethics of Banking
Book Subtitle
Conclusions from the Financial Crisis
Authors
Series Title
Issues in Business Ethics
Series Volume
30
Copyright
2011
Publisher
Springer Netherlands
Copyright Holder
Springer Science+Business Media B.V.
eBook ISBN
978-94-007-0656-9
DOI
10.1007/978-94-007-0656-9
Hardcover ISBN
978-94-007-0655-2
Softcover ISBN
978-94-007-3592-7
Series ISSN
0925-6733
Edition Number
1
Number of Pages
XV, 214
Topics