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...
Main Author: | |
---|---|
Other Authors: | |
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 |