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Record Nr. |
UNINA9910411927503321 |
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Autore |
Rouch David |
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Titolo |
The social licence for financial markets : reaching for the end and why It counts / / by David Rouch |
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Pubbl/distr/stampa |
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Cham, : Springer International Publishing, : Imprint : Palgrave Macmillan, 2020 |
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ISBN |
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Edizione |
[1st edition 2020] |
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Descrizione fisica |
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1 online resource (xxv, 362 pages) |
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Disciplina |
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Soggetti |
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Economic development projects - Finance |
Finance |
Bank marketing |
Economic growth |
Development Finance |
Finance, general |
Financial Services |
Economic Growth |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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1. The Great Re-evaluation: Reaching for an End -- Part I In the Beginning, an End -- 2. People, Firms, Markets, Behaviour -- 3. The Ends of Desire in Financial Markets -- Part II The Social Licence and Justice -- 4. The Social Licence for Financial Markets -- 5. Realising Justice: the Role of Written Standards -- Part III In the End, a Beginning -- 6. Behaviour—Change in Practice -- 7. Policy Implications -- 8. Conclusion—Not an End, but a Beginning. |
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Sommario/riassunto |
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This book is about what Mark Carney has called ‘the social licence for financial markets’ and how it can point us towards a more sustainable future. Author David Rouch argues that what it reveals contrasts sharply with the usual portrayals of markets as places of unrestrained financial self-interest. Drawing attention to a more complex reality and the presence of justice-focused aspirations in finance can positively impact individual, institutional, and systemic behaviour: change, not |
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imposed by regulators, but emerging from the very substance of market relationships. The finance sector should have a key role in addressing humanity’s increasingly pressing sustainability challenges. Yet the relationship between finance and society has not recovered from the 2008 crisis and the scandals and austerity that followed. The Covid-19 pandemic and its economic fallout is sharpening some of the issues and creating new ones. Recognising that financial markets operate subject to a social licence has the potential to galvanise market participants in tackling these challenges, strengthening social solidarity on which markets also depend, and to provide coordinates for navigating a way through the post-pandemic social, political and economic landscape. |
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