Why Wall Street Isn't in Jail: The Unpunishable Moral Failures that Helped Cause the Financial Crisis, and How to Address Them in the Future

2013 ◽  
Author(s):  
Hilary J. Allen
2014 ◽  
Vol 7 (2) ◽  
pp. 159-167
Author(s):  
Kevin Garlan

This paper analyses the nexus of the global financial crisis and the remittance markets of Mexico and India, along with introducing new and emerging payment technologies that will help facilitate the growth of remittances worldwide. Overall resiliency is found in most markets but some are impacted differently by economic hardship. With that we also explore the area of emerging payment methods and how they can help nations weather this economic strife. Mobile payments are highlighted as one of the priority areas for the future of transferring monetary funds, and we assess their ability to further facilitate global remittances.


2005 ◽  
Vol 08 (04) ◽  
pp. 707-731 ◽  
Author(s):  
Donghyun Park ◽  
Junggun Oh

Korea's financial crisis of 1997–1998 was brought about by the unsustainable combination of large capital inflows and an inefficient financial system. The Bank of Korea contributed to the crisis primarily through its failures as the regulator of the financial system rather than as the conductor of monetary policy. Our paper explores the role of the two major monetary policy reforms Korea has implemented in response to the crisis — the establishment of a new financial regulator and the adoption of inflation targeting — in Korea's efforts to build a stronger and more efficient financial system, thereby preventing crises in the future.


2019 ◽  
Vol 19 (4) ◽  
pp. 513-531 ◽  
Author(s):  
Susie Khamis

The concept of consumer restraint has had a popular makeover. This is seen in the worldwide popularity of books, video tutorials and online discussion groups devoted to de-cluttering, and specifically the stunning success of professional organizer Marie Kondo and her best-selling book, The Life-Changing Magic of Tidying. De-cluttering sits on a broad continuum of alternative consumption that champions the benefits of consumer restraint, on multiple fronts: economic, environmental, psychological, and so on. Through Kondo, this is framed in positive, uplifting ways. This is distinct from the more critical, nuanced, or anti-consumerist rhetoric associated with more subversive advocates of alternative consumption, such as voluntary simplifiers or Occupy Wall Street. That said, just as the Occupy movement channeled growing frustration with how the reigning tenets of capitalist culture had shackled and misled the “99%,” de-cluttering finds cultural traction in the midst and wake of the Global Financial Crisis. Unlike Occupy though, Kondo’s appeal rests less on the logic and language of political economy than the more emotive vernacular of pop psychology. In this way, de-cluttering positions restraint as reflective of a highly developed and sophisticated sensibility, whereby individuals “own” their consumption choices and in turn craft carefully curated spaces. Therein lies the aestheticization of restraint: freed of any negative connotations (dour, miserly or miserable), the de-cluttered subject is autonomous, self-aware, and chic. Crucially, it also pivots on the slippery assumptions of the (new) neo liberal economy, which requires individuals to be agile, creative, and empowered.


2013 ◽  
Vol 40 (2) ◽  
pp. 227-246 ◽  
Author(s):  
JOHN GLENN

AbstractThis article examines the financial reforms that have been undertaken through two perspectives on risk: that of Beck's world risk society and an alternative Foucauldian approach. The former argues that, catastrophes such as the recent financial crisis will induce a political shift towards a cosmopolitan form of statehood. Yet, the lack of radical reform since the financial crisis would suggest otherwise. The article therefore argues that what we are witnessing is best understood in terms of reflexive governance in which the various rationalities of risk are reassessed and strengthened in order to avoid a similar occurrence in the future. Moreover, in response to the uncertainty that surrounds such rare events, more intense forms of surveillance have been adopted with the objective of pre-empting any future crisis. Yet, for various reasons, the reforms remain rather limited and the new rationality of pre-emption is unlikely to prevent further crises from occurring in the future.


Author(s):  
N. Arbatova

The focal point of the article is the future of the European Union that has been challenged by the deepest systemic crisis in its history. The world economic and financial crisis became merely a catalyst for those problems that had existed earlier and had not been addressed properly by the EU leadership. The author argues that the EU crisis can be overcome only by new common efforts of its member-states and new integrationist projects.


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