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 effi...

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Autor principal: Resico, Marcelo Fernando
Otros Autores: Coloquio Internacional “Banking on the Common Good, Finance for the Common Good” (2013 : Roma, Italia)
Formato: Documento de conferencia
Lenguaje:Inglés
Inglés
Publicado: 2019
Materias:
FINANZAS
BIEN COMUN
CRISIS FINANCIERA
DESREGULACION
TEORIA ECONOMICA
POLITICA ECONOMICA
Acceso en línea:https://repositorio.uca.edu.ar/handle/123456789/2278
Aporte de:
Repositorio Institucional de la Universidad Católica Argentina (UCA) de Universidad Católica Argentina
id I33-R139123456789-2278
record_format dspace
institution Universidad Católica Argentina
institution_str I-33
repository_str R-139
collection Repositorio Institucional de la Universidad Católica Argentina (UCA)
language Inglés
Inglés
topic FINANZAS
BIEN COMUN
CRISIS FINANCIERA
DESREGULACION
TEORIA ECONOMICA
POLITICA ECONOMICA
spellingShingle FINANZAS
BIEN COMUN
CRISIS FINANCIERA
DESREGULACION
TEORIA ECONOMICA
POLITICA ECONOMICA
Resico, Marcelo Fernando
Financial actors serving the common good
topic_facet FINANZAS
BIEN COMUN
CRISIS FINANCIERA
DESREGULACION
TEORIA ECONOMICA
POLITICA ECONOMICA
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
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 2019
url https://repositorio.uca.edu.ar/handle/123456789/2278
work_keys_str_mv AT resicomarcelofernando financialactorsservingthecommongood
bdutipo_str Repositorios
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