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The Resource A comparative history of bank failures : from Medici to Barings, Sten Jönsson

A comparative history of bank failures : from Medici to Barings, Sten Jönsson

Label
A comparative history of bank failures : from Medici to Barings
Title
A comparative history of bank failures
Title remainder
from Medici to Barings
Statement of responsibility
Sten Jönsson
Creator
Subject
Language
eng
Summary
Starting with Medici and Fugger and ending with Barings and Royal Bank of Scotland under neo-liberal de-regulation, the author gives an account of how a number of banks failed over a 500 year-period. The author offers an explanation of the leading ideas about the world and good society at the time, and summarizes this narrative using Streeck & Schmitter's three bases for regulation of society: Community (spontaneous solidarity), State (hierarchical control), and Market (dispersed competition). The bank failures are presented in the context of social philosophies of the day (scholasticism, mercantilism, neo-liberalism, and libertarianism), and the changing business practices (Bills of Exchange, rents and financial instruments of various kinds). The dominating explanation of financial crises has been market-related. Here, the author argues that managerial failures are an important contributor. He demonstrates the failure of management to act on early signals such as existential risk, strategic stress syndrome, and lack of proper oversight by top management. The author encourages a return to ethical principles for banks, suggesting that his ethical aspect should be at the core of the credit process of banks in the future. With its interdisciplinary approach, this book will be an important contribution to the discussion surrounding bank failures. It will interest any scholar looking at the origins of financial crises and will be particularly useful for post-graduate students of economic and financial history, banking, finance and accounting
Member of
Biographical or historical data
Sten Jèonsson is professor emeritus in Business Administration (esp. Scandinavian Management) at Gothenburg University (appointed 1976), Sweden. His research has been focused on field studies of managers in action in various industries. Over the last few years he has led a research program on bank management
http://library.link/vocab/creatorDate
1940-
http://library.link/vocab/creatorName
Jönsson, Sten A.
Dewey number
332.109
Index
index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
Banking, money and international finance
http://library.link/vocab/subjectName
  • Bank failures
  • Banks and banking
Label
A comparative history of bank failures : from Medici to Barings, Sten Jönsson
Instantiates
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Color
multicolored
Contents
  • Cover; Half Title; Series Page; Title Page; Copyright Page; Table of Contents; List of figures; Preface; 1. The problem with the role of banks; 1:1 What this book is all about; 1:2 A social science world view; 1:3 The problem with banks; 1:4 Plan of attack; 1:5 Method; 1:6 Analysis; 2. Community as centre of authority: Banks are squeezed between the necessities of business, power politics, and the afterlife; 2:1 Religion; 2:2 Finance; 2:3 Divine Law and usury; 2:4 Evolving practices -- tricks of the trade; 2:5 Three cases of bank failures in late Medieval Europe
  • 3. Transition from regulation by State to regulation by Market3:1 Transition; 3:2 The history of economic analysis according to Schumpeter through to the Enlightenment; 3:3 Mercantilism -- the origins of political economy and, consequently, of economic policy; 3:4 Industrial development -- the outcome of economic policy application?; 3:5 Case 4: Barings Bank; 4. Market as ideology -- toward the financial crisis of 2008; 4:1 The need for economic policy production increases; 4:2 "Epistemic communities" step in to set the agenda (neo-liberalism and libertarianism); 4:3 The roots of neo-liberalism
  • 4:4 Libertarianism4:5 Failed banks under de-regulation; 5. Concluding remarks; 5:1 Summary with highlights; 5:2 Commonalities and differences between victims of circumstances; 5:3 The supportive role of the Community/State/Market triangle; 5:4 Reflections on banks and their environments; 5:5 Quo Vadis? Is there a next phase?; 5:6 The problem with banks -- again; Index
Control code
on1097183546
Dimensions
unknown
Extent
1 online resource
File format
unknown
Form of item
online
Isbn
9780429575624
Level of compression
unknown
Note
Taylor & Francis
Other control number
10.4324/9780429200489
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)1097183546
Label
A comparative history of bank failures : from Medici to Barings, Sten Jönsson
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Color
multicolored
Contents
  • Cover; Half Title; Series Page; Title Page; Copyright Page; Table of Contents; List of figures; Preface; 1. The problem with the role of banks; 1:1 What this book is all about; 1:2 A social science world view; 1:3 The problem with banks; 1:4 Plan of attack; 1:5 Method; 1:6 Analysis; 2. Community as centre of authority: Banks are squeezed between the necessities of business, power politics, and the afterlife; 2:1 Religion; 2:2 Finance; 2:3 Divine Law and usury; 2:4 Evolving practices -- tricks of the trade; 2:5 Three cases of bank failures in late Medieval Europe
  • 3. Transition from regulation by State to regulation by Market3:1 Transition; 3:2 The history of economic analysis according to Schumpeter through to the Enlightenment; 3:3 Mercantilism -- the origins of political economy and, consequently, of economic policy; 3:4 Industrial development -- the outcome of economic policy application?; 3:5 Case 4: Barings Bank; 4. Market as ideology -- toward the financial crisis of 2008; 4:1 The need for economic policy production increases; 4:2 "Epistemic communities" step in to set the agenda (neo-liberalism and libertarianism); 4:3 The roots of neo-liberalism
  • 4:4 Libertarianism4:5 Failed banks under de-regulation; 5. Concluding remarks; 5:1 Summary with highlights; 5:2 Commonalities and differences between victims of circumstances; 5:3 The supportive role of the Community/State/Market triangle; 5:4 Reflections on banks and their environments; 5:5 Quo Vadis? Is there a next phase?; 5:6 The problem with banks -- again; Index
Control code
on1097183546
Dimensions
unknown
Extent
1 online resource
File format
unknown
Form of item
online
Isbn
9780429575624
Level of compression
unknown
Note
Taylor & Francis
Other control number
10.4324/9780429200489
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)1097183546

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