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The topics discussed include the role and responsibilities of central banking, inbuilt deficiencies of the financial system, moral conflicts in commercial and investment banking and in securities markets, problems of sovereignty and hegemony in the European monetary union, moral issues in international monetary relations, the ethics of capital transfers to eastern Europe and of financial liberalisation. The final paper proposes an ethic of financial decision-making.
List of contents
List of Tables and Figures - Acknowledgements - Notes on the Contributors - Von Hugel Institute Conference: List of Participants - Introduction; S.F.Frowen & F.P.McHugh - Keynote Speech: Financial Decision-Making and Moral Responsibility; P.Kent - The Role of the Central Bank and its Responsibility; O.Issing - The Functions of Money and Financial Credit: Their Objectives, Structure and Inbuilt Deficiencies; S.F.Frowen - Moral Conflicts in Commercial Banking; I.Morrison - Ethical Issues in Investment Banking: A Practitioner's View; G.Keating - Ethics and Regulation in Securities Market-Making; B.Scott-Quinn - The Efficient Market Hypothesis: An Incomplete Theory; G.Pepper - International Monetary Relations: The Arrogance of Power; G.Zis - Exporting the Principles of Market Economy to Eastern Europe: The Ethics of International Capital Transfer; H.H.Lechner - The Ethics of Interest Rate Liberalisation in Developing Countries; P.Arestis & P.O.Demetriades - European Monetary Union: Sovereignty and Hegemony; N.Kioten - Proposal for an Ethic of Financial Decision-Making; F.P.McHugh - Address by the Master of St Edmund's College Cambridge, Dr R.M.Laws, at the Conference Dinner on 9 July 1992 - Index
About the author
Edited By Stephen F. Frowen and Francis P. McHugh
Summary
The topics discussed in this book include the role and responsibilities of central banking, inbuilt deficiencies of the financial system, moral conflicts in commercial and investment banking and in securities markets and problems of sovereignty and hegemony in the European Monetary Union.
