The Ethics of Banking: Conclusions from the Financial Crisis (Issues ...

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References 203 KOSLOWSKI, P.: Ethik des Kapitalismus. Mit einem Kommentar von James M. Buchanan, Tübingen (Mohr Siebeck) 1982, 6th edn. 1998. English translation: Ethics of Capitalism, in: P. KOSLOWSKI: Ethics of Capitalism and Critique of Sociobiology. Two Essays with a Comment by James M. Buchanan, Berlin, Heidelberg, New York, Tokyo (Springer) 1996, 142 pages (= Studies in Economic Ethics and Philosophy, Vol. 10). KOSLOWSKI, P.:Principles of Ethical Economy, Dordrecht, Boston, MA and London (Kluwer, now Springer) 2001 (Issues in Business Ethics, Vol. 17). German original: Prinzipien der Ethischen Ökonomie, Tübingen (Mohr Siebeck) 1988, Reprint 1994. KOSLOWSKI,P.:Wirtschaft als Kultur. Wirtschaftskultur und Wirtschaftsethik in der Postmoderne, Vienna (Edition Passagen) 1989. KOSLOWSKI, P.:Gesellschaftliche Koordination. Eine ontologische und kulturwissenschaftliche Theorie der Marktwirtschaft, Tübingen (Mohr Siebeck) 1991. KOSLOWSKI, P.: “Ethische Ökonomie und theologische Deutung der Gesamtwirklichkeit in der Summa Theologiae des Thomas von Aquin”, in: P. KOSLOWSKI: Die Ordnung der Wirtschaft. Studien zur Praktischen Philosophie und Politischen Ökonomie, Tübingen (Mohr Siebeck) 1994, pp. 64–88. KOSLOWSKI, P.(ed.):The Theory of Ethical Economy in the Historical School. Wilhelm Roscher, Lorenz von Stein, Gustav Schmoller, Wilhelm Dilthey and Contemporary Theory, Berlin,New York, NY and Tokyo (Springer) 1995. KOSLOWSKI P. (ed.): Methodology of the Social Sciences, Ethics, and Economics in the Newer Historical School. From Max Weber and Rickert to Sombart and Rothacker, Berlin, New York, NY and Tokyo (Springer) 1997. KOSLOWSKI, P.(ed.):The Social Market Economy. Theory and Ethics of the Economic Order, Berlin, Heidelberg, New York, NY and Tokyo (Springer) 1998. KOSLOWSKI, P.: “Shareholder Value und der Zweck des Unternehmens,” in: P. Koslowski (ed.): Shareholder Value und die Kriterien des Unternehmenserfolgs, Heidelberg (Physica-Verlag) 1999, pp. 1–32. KOSLOWSKI, P.: Solidarism, Capitalism, and Economic Ethics in Heinrich Pesch, in: P. KOSLOWSKI (ed.): The Theory of Capitalism in the German Economic Tradition: Historism, Ordo-Liberalism, Critical Theory, Solidarism, Berlin,Heidelberg,NewYork,NYandTokyo (Springer) 2000, pp. 371–394, especially Part III of the essay on Pesch’s theory concerning interest, “The Legitimacy of Taking Interest”, pp. 378–386. KOSLOWSKI, P.: “The Theory of Ethical Economy as a Cultural, Ethical, and Historical Economics: Economic Ethics and the Historist Challenge”, in: P. KOSLOWSKI (ed.): Contemporary Economic Ethics and Business Ethics, Berlin, Heidelberg, New York, NY and Tokyo (Springer) 2000, pp. 3–15. KOSLOWSKI, P.: “The Limits of Shareholder Value”, Journal of Business Ethics, 27 (2000), pp. 137–148. KOSLOWSKI, P.: “Privatheit und Bankgeheimnis. Staatsphilosophische und wirtschaftsethische Überlegungen”, in: KONRAD HUMMLER, GERHARD SCHWARZ (eds.): Das Recht auf sich Selbst. Bedrohte Privatsphäre im Spannungsfeld zwischen Sicherheit und Freiheit, Zurich (Verlag Neue Zürcher Zeitung) 2003, pp. 189–202. KOSLOWSKI, P.: “Speculation and Insider Trading as Problem of Business Ethics,” in: LAURA P. HARTMAN (ed.): Perspectives in Business Ethics, Boston, MA (McGraw–Hill Irwin) 2004, pp. 703–716. KOSLOWSKI, P.: “Schuldverhältnisse”, in: MARCO M. OLIVETTI (ed.): Le don et la dette,Padova (CEDAM e Biblioteca dell ′ «Archivio di filosofia») 2005, pp. 421–436. KOSLOWSKI, P.: “The Common Good of the Firm as the Fiduciary Duty of the Manager”, in: NICHOLAS CAPALDI (ed.): Business and Religion: A Clash of Civilizations?, Salem, MA (M&M Scrivener Press) 2005, pp. 301–312. KOSLOWSKI, P.: “Some Principles of Ethical Economy”, in: CHRISTOPHER COWTON, MICHAELA HAASE (eds.): Trends in Business and Economic Ethics, Berlin, Heidelberg, New York, NY and Tokyo (Springer) 2008, pp. 31–70 (Studies in Economic Ethics and Philosophy).
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THE ETHICS OF BANKING
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The Ethics of Banking Conclusions f
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Preface The crisis in the financial
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Introduction: Is the Finance Indust
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Introduction: Is the Finance Indust
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Contents Part I Foundations of Busi
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Contents xiii 6 The Ethical Economy
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Contents xv After the American Fina
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Part I Foundations of Business and
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Chapter 1 Ethical Economy, Economic
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The Justification of Ethical Duties
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The Justification of Ethical Duties
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Business Ethics and the Fiduciary D
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Part II The Ethical Economy and Fin
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Chapter 2 The Ethical Economy of th
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Purpose and Task of the Credit Mark
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Duties of Banks Arising from the Na
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The Globalization of the Capital Ma
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Values and Valuations in the Capita
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Which Values Should Determine the A
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On the Ethics of Financial Consulti
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Tasks of the Capital Market and Dut
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Tasks of the Capital Market and Dut
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Speculation and Finance Ethics 45 S
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The Functions of Speculation in the
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The Functions of Speculation in the
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Chapter 4 Insider Knowledge and Ins
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Insider Trading as Pseudo-Speculati
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Statutory Provisions Against Inside
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The Abuse of Insider Knowledge as a
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The Abuse of Insider Knowledge as a
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Ethical Duties of the Investor 67 a
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Ethical Duties of the Investor 69 a
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The Finance Ethics of Hostile and F
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Mergers and Acquisitions 75 On the
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Corporate Governance by Consensus a
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Futures and Options 85 They are str
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Variants of Derivatives 87 signific
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Variants of Derivatives 89 the law
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Variants of Derivatives 91 CDO synt
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Hedging and Speculation 93 insuranc
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Hedging and Speculation 95 average
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Chapter 7 Interdependences Between
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The Information and Influence Asymm
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Intangibility of Financial Products
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Intangibility of Financial Products
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Chapter 8 The “Banking Secret”,
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The Swiss “Banking Secret” 107
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Banking Secrecy, the Right to Priva
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Banking Secrecy, the Right to Priva
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Part III Financial Wagers, Hyper-Sp
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Chapter 9 Financial Wagers, Hyper-S
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Wager or Gambling: What Is Speculat
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The Principle of Shareholder Primac
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Chapter 10 Financial Overstretch: T
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Hyper-Incentivization and the Hubri
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Hyper-Incentivization and the Hubri
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Page 184 and 185: From Big Bang Deregulation to Big B
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Page 194 and 195: The Failure of Economics and Manage
Page 196 and 197: The Outsourcing of Asset Management
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Page 200 and 201: The Financial Crisis - Systems Cris
Page 206 and 207: The Way Out of Financial Crises 189
Page 214 and 215: References ALBERT,H.:Marktsoziologi
Page 216 and 217: References 199 CASPARI, K.-B.: “D
Page 218 and 219: References 201 HALDANE, A,A.TURNER
Page 222 and 223: References 205 MESSNER,J.:Das Natur
Page 224 and 225: References 207 SCHMID, N.: “Insid
Page 226 and 227: References 209 WEBER, M.:Die Börse
Page 228 and 229: Name Index Note: Page numbers in it
Page 230 and 231: Name Index 213 N Naughton, M. J., 1
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