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Financial Competition, Risk and Accountability: British and German Experiences
     

Financial Competition, Risk and Accountability: British and German Experiences

by S. Frowen (Editor), F. McHugh (Editor), Anglo-German Foundation for the Study of Industrial Society Staff (Contribution by)
 

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Recent decades have seen a sharp increase in financial competition, intensified by globalisation. Excessive risk-taking leading to inevitable business failures at times reached worrying proportions. A contributing factor arose from the complexities of the derivative and other new markets. This volume attempts to analyse and explain financial market developments at the

Overview

Recent decades have seen a sharp increase in financial competition, intensified by globalisation. Excessive risk-taking leading to inevitable business failures at times reached worrying proportions. A contributing factor arose from the complexities of the derivative and other new markets. This volume attempts to analyse and explain financial market developments at the turn of the millennium with the emphasis on the need for greater responsibility and a more ethical approach to financial decision-making.

Editorial Reviews

Booknews
In 16 studies presented at a series of seminars at Cambridge University over eight years, mostly British and German economists seek to develop a set of ethics for the financial industry from within its own practices, rather than imposing principles on it that were developed in different contexts. Their topics include a balance-sheet approach to European destiny and macroeconomic responsibility in the financial systems of the two countries, the dynamics of change and risk in corporate and wholesale finance, and the role of central banks in a global competition environment. The volume is published in association with the Anglo-German Foundation for the Study of Industrial Society. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Product Details

ISBN-13:
9780333735909
Publisher:
Palgrave Macmillan UK
Publication date:
02/13/2001
Series:
Anglo-German Foundation Series
Edition description:
2001
Pages:
320
Product dimensions:
5.51(w) x 8.50(h) x (d)

Meet the Author

Stephen F. Frowen is Honorary Research Fellow in the Department of Economics at University College London, and Senior Research Associate at the Von Hügel Institute, St. Edmund's College, University of Cambridge.

Francis P. McHugh is a Catholic priest and Director of the Von Hügel Institute as well as a Fellow and Tutor of St. Edmund's College, Cambridge.

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