Ruling or Serving Society?

The Case for Reforming Financial Services

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Éditeur :

Palgrave Macmillan


Paru le : 2018-10-01



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Description

This book argues that the 2007/08 financial crisis revealed fundamental flaws in how the financial sector had evolved over the previous three decades. While access to financial services has improved, the total stock of debt in the global economy has risen to more than twice the size of global GDP. Financial services now play a far bigger role in all economies, developed and developing, than in the 1960s. This development has produced few, if any, worthwhile benefits. The book concludes that the largely deregulated financial sector needs to be radically reformed.
The first of these reforms would be to establish the pre-eminence of the public interest in how financial services operate. The second would involve breaking up financial institutions that have become much too big. Third, the phenomenon of financialization needs to be regulated and controlled. Finally, all countries need to work- both nationally and internationally- towards a more democratized, more robust, and less laissez faire system of socially progressive financial sector regulation to make it subservient to the needs of society rather than the other way round.  
This Palgrave Pivot will be of interest to economists, financiers and banking specialists, interested in an informed debate on the causes and consequences of the 2007/2008 financial crisis.


Pages
110 pages
Collection
n.c
Parution
2018-10-01
Marque
Palgrave Macmillan
EAN papier
9783030005207
EAN PDF
9783030005214

Informations sur l'ebook
Nombre pages copiables
1
Nombre pages imprimables
11
Taille du fichier
1055 Ko
Prix
52,74 €
EAN EPUB
9783030005214

Informations sur l'ebook
Nombre pages copiables
1
Nombre pages imprimables
11
Taille du fichier
727 Ko
Prix
52,74 €

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