Financial actors serving the common good

Posing the topic: “Financial actors serving the common good” today, is directly related to the lessons we draw from the recent financial crisis. To review the case I understand two points need to be addressed briefly: on one hand, a diagnosis of the crisis, and on the other, the proposal for an efficient and resilient financial sector that follows from that view. Concerning the diagnosis, I agree with those who affirm that the crisis was originated by an excess of savings formed in financial markets for various reasons. This excessive volume of savings caused mal-investment, and evolved in accordance to the pattern of what we can call a “speculative bubble”, which is not such an infrequent phenomenon in the functioning logic of capital markets. I think that the world economy during the 90s and 2000s has been characterized by an immoderate optimism regarding the potential self-regulation of capital markets. This situation was based on two elements: on one hand by the technological revolution that provided powerful new tools, and on the other, by a consensus in economic theory and policy which led to financial deregulation and gave excessive operating margins without adequate supervision...

Saved in:
Bibliographic Details
Main Author: Resico, Marcelo Fernando
Other Authors: Coloquio Internacional “Banking on the Common Good, Finance for the Common Good” (2013 : Roma, Italia)
Format: Documento de conferencia biblioteca
Language:eng
eng
Published: 2013
Subjects:FINANZAS, BIEN COMUN, CRISIS FINANCIERA, DESREGULACION, TEORIA ECONOMICA, POLITICA ECONOMICA,
Online Access:https://repositorio.uca.edu.ar/handle/123456789/2278
Tags: Add Tag
No Tags, Be the first to tag this record!
id oai:ucacris:123456789-2278
record_format koha
spelling oai:ucacris:123456789-22782020-03-05T14:11:05Z Financial actors serving the common good Resico, Marcelo Fernando Coloquio Internacional “Banking on the Common Good, Finance for the Common Good” (2013 : Roma, Italia) Pontificium Consilium de Iustitia et Pace ; Union Internationale des Patronales Chretiennes ; Konrad Adenauer Stiftung ; World Savings Banks Institute FINANZAS BIEN COMUN CRISIS FINANCIERA DESREGULACION TEORIA ECONOMICA POLITICA ECONOMICA Posing the topic: “Financial actors serving the common good” today, is directly related to the lessons we draw from the recent financial crisis. To review the case I understand two points need to be addressed briefly: on one hand, a diagnosis of the crisis, and on the other, the proposal for an efficient and resilient financial sector that follows from that view. Concerning the diagnosis, I agree with those who affirm that the crisis was originated by an excess of savings formed in financial markets for various reasons. This excessive volume of savings caused mal-investment, and evolved in accordance to the pattern of what we can call a “speculative bubble”, which is not such an infrequent phenomenon in the functioning logic of capital markets. I think that the world economy during the 90s and 2000s has been characterized by an immoderate optimism regarding the potential self-regulation of capital markets. This situation was based on two elements: on one hand by the technological revolution that provided powerful new tools, and on the other, by a consensus in economic theory and policy which led to financial deregulation and gave excessive operating margins without adequate supervision... 2019-05-13T17:11:37Z 2019-05-13T17:11:37Z 2013 Documento de conferencia Resico, M. F. (2013, mayo). Financial actors serving the common good [en línea]. Presentado en Coloquio Internacional “Banking on the Common Good, Finance for the Common Good”. Pontificium Consilium de Iustitia et Pace ; Union Internationale des Patronales Chretiennes ; Konrad Adenauer Stiftung ; World Savings Banks Institute, Roma, Italia. Disponible en: https://repositorio.uca.edu.ar/handle/123456789/2278 https://repositorio.uca.edu.ar/handle/123456789/2278 eng eng Acceso Abierto https://creativecommons.org/licenses/by-nc-sa/4.0/ application/pdf Coloquio Internacional “Banking on the Common Good, Finance for the Common Good” (2013 : Roma, Italia)
institution UCA
collection DSpace
country Argentina
countrycode AR
component Bibliográfico
access En linea
databasecode dig-uca
tag biblioteca
region America del Sur
libraryname Sistema de bibliotecas de la UCA
language eng
eng
topic FINANZAS
BIEN COMUN
CRISIS FINANCIERA
DESREGULACION
TEORIA ECONOMICA
POLITICA ECONOMICA
FINANZAS
BIEN COMUN
CRISIS FINANCIERA
DESREGULACION
TEORIA ECONOMICA
POLITICA ECONOMICA
spellingShingle FINANZAS
BIEN COMUN
CRISIS FINANCIERA
DESREGULACION
TEORIA ECONOMICA
POLITICA ECONOMICA
FINANZAS
BIEN COMUN
CRISIS FINANCIERA
DESREGULACION
TEORIA ECONOMICA
POLITICA ECONOMICA
Resico, Marcelo Fernando
Financial actors serving the common good
description Posing the topic: “Financial actors serving the common good” today, is directly related to the lessons we draw from the recent financial crisis. To review the case I understand two points need to be addressed briefly: on one hand, a diagnosis of the crisis, and on the other, the proposal for an efficient and resilient financial sector that follows from that view. Concerning the diagnosis, I agree with those who affirm that the crisis was originated by an excess of savings formed in financial markets for various reasons. This excessive volume of savings caused mal-investment, and evolved in accordance to the pattern of what we can call a “speculative bubble”, which is not such an infrequent phenomenon in the functioning logic of capital markets. I think that the world economy during the 90s and 2000s has been characterized by an immoderate optimism regarding the potential self-regulation of capital markets. This situation was based on two elements: on one hand by the technological revolution that provided powerful new tools, and on the other, by a consensus in economic theory and policy which led to financial deregulation and gave excessive operating margins without adequate supervision...
author2 Coloquio Internacional “Banking on the Common Good, Finance for the Common Good” (2013 : Roma, Italia)
author_facet Coloquio Internacional “Banking on the Common Good, Finance for the Common Good” (2013 : Roma, Italia)
Resico, Marcelo Fernando
format Documento de conferencia
topic_facet FINANZAS
BIEN COMUN
CRISIS FINANCIERA
DESREGULACION
TEORIA ECONOMICA
POLITICA ECONOMICA
author Resico, Marcelo Fernando
author_sort Resico, Marcelo Fernando
title Financial actors serving the common good
title_short Financial actors serving the common good
title_full Financial actors serving the common good
title_fullStr Financial actors serving the common good
title_full_unstemmed Financial actors serving the common good
title_sort financial actors serving the common good
publishDate 2013
url https://repositorio.uca.edu.ar/handle/123456789/2278
work_keys_str_mv AT resicomarcelofernando financialactorsservingthecommongood
_version_ 1756275125510995968