منابع مشابه
From Builders to Bankers
The notion of business development as a partial cure to the economic condition of blacks is not a new one, but black leaders have never unanimously agreed that business ownership is an effective instrument of economic success. The violence and civil disorders of the 1960s, however, spurred strong interest in programs to develop and promote both urban black business and black-owned and controlle...
متن کاملEcology for bankers
‘Tipping points’, ‘thresholds and breakpoints’, ‘regime shifts’ — all are terms that describe the flip of a complex dynamical system from one state to another. For banking and other financial institutions, the Wall Street Crash of 1929 and the Great Depression epitomize such an event. These days, the increasingly complicated and globally interlinked financial markets are no less immune to such ...
متن کاملCentral Bankers and Uncertainty
For the majority of my professional life, I have had the good fortune to be simultaneously involved both as a participant in, and as an academic observer of, central banks. Today, and as is suitable for this occasion and audience, I shall be primarily emphasising my academic observations. Nevertheless, my study of central bank behaviour is inevitably informed and coloured by my previous years a...
متن کاملOn Bankers and Their Incentives
I model the principal-agent problem in a banking context, where the agent must not only be induced to exert costly unveri able e¤ort but also to exercise duciary discretion in lending money on behalf of an employing bank. I show that the spread in wage outcomes necessary to induce duciary discretion may be prohibitively expensive; instead, the bank may opt for a second-best solution where exc...
متن کاملComplex systems: ecology for bankers.
‘Tipping points’, ‘thresholds and breakpoints’, ‘regime shifts’ — all are terms that describe the flip of a complex dynamical system from one state to another. For banking and other financial institutions, the Wall Street Crash of 1929 and the Great Depression epitomize such an event. These days, the increasingly complicated and globally interlinked financial markets are no less immune to such ...
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ژورنال
عنوان ژورنال: Kritisk juss
سال: 2017
ISSN: 2387-4546,0804-7375
DOI: 10.18261/issn2387-4546-2008-04-01