Financial Competition, Risk and Accountability
British and German Experiences
Published on 13. February 2001
Book
Hardback
XXIV, 320 pages
978-0-333-73590-9 (ISBN)
Description
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.
Reviews / Votes
'The book follows an exceptional method regarding two aspects: First, it approaches financial markets from an ethical point of view; second the analysis is carried out by a comparison of the German and British banking systems. The remarkable strength of this volume, edited by Stephen F. Frowen and Francis P. McHugh and including 16 contributions from financial-sector professionals as well as from scholars from both countries, becomes evident for two reasons:. First, the profound examination of selected aspects of British and German financial markets provides illuminating in-depth findings and often leads to universal recommendations. Second, the often used examples allow a fast and revealing access even to complex issues.' - Anton Burger and Philipp Ulbrich, Kredit und Kapital.More details
Series
Edition
2001 edition
Language
English
Place of publication
London
United Kingdom
Target group
College/higher education
Professional and scholarly
Product notice
sewn/stitched
Cloth over boards
Illustrations
XXIV, 320 p.
Dimensions
Height: 216 mm
Width: 140 mm
Thickness: 24 mm
Weight
590 gr
ISBN-13
978-0-333-73590-9 (9780333735909)
DOI
10.1007/978-1-349-65236-5
Schweitzer Classification
Other editions
Additional editions
E-Book
04/2016
Palgrave Macmillan
€96.29
Available for download
Persons
STEPHEN FROWEN is Honorary Research Fellow in the Department of Economics, University College London, Senior Research Associate at the Von Hügel Institute, St Edmund's College, University of Cambridge, and External Professorial Research Associate at the Institute for German Studies, University of Birmingham. He was formerly Bundesbank Professor of Monetary Economics in the Free University of Berlin. He has published extensively on monetary and macroeconomics and in banking. He is the editor of many collective works and sits on various editorial boards. In 1993 he was appointed a Commander of the Order of Merit in the Federal Republic of Germany, and in 1996 was awarded a Papal Knighthood.
FRANCIS MCHUGH, a catholic priest, is Director of the Von Hügel Institute and a Fellow and Tutor at St Edmund's College, University of Cambridge. His recent publications include A Keyguide to Resources in Business Ethics (1988) and (with Sam Natale) Things Old and New: Catholic Social Teaching Revisited , (1993). He is also a Member of the Editorial Board of International Journal of Value-based Management .
FRANCIS MCHUGH, a catholic priest, is Director of the Von Hügel Institute and a Fellow and Tutor at St Edmund's College, University of Cambridge. His recent publications include A Keyguide to Resources in Business Ethics (1988) and (with Sam Natale) Things Old and New: Catholic Social Teaching Revisited , (1993). He is also a Member of the Editorial Board of International Journal of Value-based Management .
Content
List of Tables List of Figures Notes on the Contributors Competition Forces and Institutional Structure in the UK and Germany; N.Walker Financial Innovation and Financial Stability: Some Lessons from Germany and the UK; G.Hoggarth, A.Milne & G.E.Wood European Destiny and Macroeconomic Responsibility in the Financial Systems of Germany and the UK: A Balance Sheet Approach; J.Toporowski Discussant; A.Tylecote What Kind of Stability Helps Industry?: Contrasting Experiences with British and German Banking; F.H.Capie & G.E.Wood Discussant; B.Köhler Financial Competition, Risk and Accountability: The Role of Trust Banks; J.A.Kregel The Dynamics of Change and Risk in Corporate and Wholesale Finance; B.Howcroft Discussant; B.Zugenbühler Risk Management and the Ethics of New Financial Instruments; J.Welby Business Ethics in the Banking Industry - Some Remarks; A.Wagner The Savings Ratio Behaviour in Globalised Money and Capital Markets: A Comparison of the UK and German Experience; S.F.Frowen & E.Karakitsos Discussant; E.O.Smith The Role of Central Banks in the Global Competition Environment; N.Kloten Bank Supervision in the Context of Global Competition; J.G.Ellis Economic and Monetary Union: An Ethical Issue?; M.Donnelly Capital and Credit-Based Development: Lessons for Central East Europe; S.Herten & J.Hölscher Discussant; M.Moersch Social Banking and Affordable Housing in Germany; U.Reifner & J.Pfau The Role of Compliance in Germany's Banking Culture; L.Schuster Index