In a few short weeks Bulgarian authorities are due to announce the name of the next governor of the country’s central bank. Until half a year ago, this seemed like a routine decision that would not attract the sustained attention of the general public. However, in the summer of 2014 […]
Post Tagged with: "banking"
It was Saturday afternoon, and I had just come to the end of my second week in Nairobi. A friend of mine has her finger on the pulse, and she had heard that an Australian girl was running boozy brunches out of her leafy backyard in Lavington – so along […]
At the peak of the Netherlands’ “tulip mania” in 1637, one tulip bulb sold for 5,500 guilders per bulb—roughly the cost of luxurious house in Amsterdam, or $25,000 today. More than three and a half centuries later, economists continue to debate why tulip prices skyrocketed to stratospheric levels in the 1630s, much in the same way that the 2008 Global Financial Crisis remains a source of contention. Why have financial systems been so vulnerable to crises, and what role has regulation played?
Promotion of an ethical culture in banking, ethical-performance transparency for shareholder oversight, and changed hiring policies should be among the actions taken to prevent more failures. In my last blog, I highlighted some of the continuing issues with banking culture, today I suggest policies which would address the problems. Banking […]