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

More documents

Recommendations

Info

The Ethics of Banking Conclusions from the Financial Crisis by PETER KOSLOWSKI VU University Amsterdam, The Netherlands Translated from German by DEBORAH SHANNON 123
Prof. Dr. Peter Koslowski VU University Amsterdam Department of Philosophy De Boelelaan 1105 1081 HV Amsterdam Netherlands P.Koslowski@ph.vu.nl Translator Deborah Shannon Norwich, United Kingdom shannon@academictranslation.co.uk The English translation has been made possible thanks to financial support from the Department of Philosophy, VU University Amsterdam, The Netherlands; Bank für Kirche und Caritas (Bank for Church and Charitable Works Caritas) Paderborn, Germany; and Springer Science+Business Media. German Original: Ethik der Banken. Folgerungen aus der Finanzkrise, München (Wilhelm Fink Verlag) 2009. ISSN 0925-6733 ISBN 978-94-007-0655-2 e-ISBN 978-94-007-0656-9 DOI 10.1007/978-94-007-0656-9 Springer Dordrecht Heidelberg London New York Library of Congress Control Number: 2011924352 © Springer Science+Business Media B.V. 2011 No part of this work may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, microfilming, recording or otherwise, without written permission from the Publisher, with the exception of any material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Page 2 and 3: THE ETHICS OF BANKING
Page 6 and 7: Preface The crisis in the financial
Page 8 and 9: Introduction: Is the Finance Indust
Page 10 and 11: Introduction: Is the Finance Indust
Page 12 and 13: Contents Part I Foundations of Busi
Page 14 and 15: Contents xiii 6 The Ethical Economy
Page 16 and 17: Contents xv After the American Fina
Page 18 and 19: Part I Foundations of Business and
Page 20 and 21: Chapter 1 Ethical Economy, Economic
Page 22 and 23: The Justification of Ethical Duties
Page 24 and 25: The Justification of Ethical Duties
Page 26 and 27: Business Ethics and the Fiduciary D
Page 32 and 33: Part II The Ethical Economy and Fin
Page 34 and 35: Chapter 2 The Ethical Economy of th
Page 36 and 37: Purpose and Task of the Credit Mark
Page 42 and 43: Duties of Banks Arising from the Na
Page 48 and 49: Chapter 3 The Ethical Economy of th
Page 50 and 51: The Globalization of the Capital Ma
Page 52 and 53: Values and Valuations in the Capita
Page 54 and 55:
Which Values Should Determine the A
Page 56 and 57:
On the Ethics of Financial Consulti
Page 58 and 59:
Tasks of the Capital Market and Dut
Page 60 and 61:
Tasks of the Capital Market and Dut
Page 62 and 63:
Speculation and Finance Ethics 45 S
Page 64 and 65:
The Functions of Speculation in the
Page 66 and 67:
The Functions of Speculation in the
Page 68 and 69:
Chapter 4 Insider Knowledge and Ins
Page 70 and 71:
Insider Trading as Pseudo-Speculati
Page 72 and 73:
Page 74 and 75:
Page 76 and 77:
Page 78 and 79:
Statutory Provisions Against Inside
Page 80 and 81:
The Abuse of Insider Knowledge as a
Page 82 and 83:
The Abuse of Insider Knowledge as a
Page 84 and 85:
Ethical Duties of the Investor 67 a
Page 86 and 87:
Ethical Duties of the Investor 69 a
Page 88 and 89:
Chapter 5 The Ethical Economy of th
Page 90 and 91:
The Finance Ethics of Hostile and F
Page 92 and 93:
Mergers and Acquisitions 75 On the
Page 94 and 95:
Corporate Governance by Consensus a
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Chapter 6 The Ethical Economy of th
Page 102 and 103:
Futures and Options 85 They are str
Page 104 and 105:
Variants of Derivatives 87 signific
Page 106 and 107:
Variants of Derivatives 89 the law
Page 108 and 109:
Variants of Derivatives 91 CDO synt
Page 110 and 111:
Hedging and Speculation 93 insuranc
Page 112 and 113:
Hedging and Speculation 95 average
Page 114 and 115:
Chapter 7 Interdependences Between
Page 116 and 117:
The Information and Influence Asymm
Page 118 and 119:
Intangibility of Financial Products
Page 120 and 121:
Intangibility of Financial Products
Page 122 and 123:
Chapter 8 The “Banking Secret”,
Page 124 and 125:
The Swiss “Banking Secret” 107
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Banking Secrecy, the Right to Priva
Page 132 and 133:
Banking Secrecy, the Right to Priva
Page 134 and 135:
Part III Financial Wagers, Hyper-Sp
Page 136 and 137:
Chapter 9 Financial Wagers, Hyper-S
Page 138 and 139:
Wager or Gambling: What Is Speculat
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
Page 146 and 147:
Page 148 and 149:
Page 150 and 151:
The Principle of Shareholder Primac
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
Page 164 and 165:
Chapter 10 Financial Overstretch: T
Page 166 and 167:
Hyper-Incentivization and the Hubri
Page 168 and 169:
Page 170 and 171:
Page 172 and 173:
Easy Credit and the Hubris of the C
Page 174 and 175:
Easy Credit and the Hubris of the C
Page 176 and 177:
Credit and Credo, Economic Success
Page 178 and 179:
Credit and Credo, Economic Success
Page 180 and 181:
The Financial Market Crisis as a Cr
Page 182 and 183:
The Financial Market Crisis as a Cr
Page 184 and 185:
From Big Bang Deregulation to Big B
Page 186 and 187:
Page 188 and 189:
Page 190 and 191:
After the American Financial Overst
Page 192 and 193:
After the American Financial Overst
Page 194 and 195:
The Failure of Economics and Manage
Page 196 and 197:
The Outsourcing of Asset Management
Page 198 and 199:
The Outsourcing of Asset Management
Page 200 and 201:
The Financial Crisis - Systems Cris
Page 202 and 203:
Page 204 and 205:
Page 206 and 207:
The Way Out of Financial Crises 189
Page 208 and 209:
Page 210 and 211:
Page 212 and 213:
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 220 and 221:
References 203 KOSLOWSKI, P.: Ethik
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
show all

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

Create successful ePaper yourself

Delete template?

Save as template?