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"ARE ETHICS AND GOOD GOVERNANCE COMPATIBLE IN FINANCIAL MARKETS? " Part 2: Public financial governance hesitant and in search of ethics
[Ethique et bonne gouvernance sont-elles compatibles sur les marchés financiers ? Deuxième partie : « Une gouvernance financière publique hésitante et en quête d’éthique »]

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  • Albert Marouani

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur)

Abstract

We have seen in the first part of this article that the unethical behavior of banks, financial institutions and financial agents has been, if not encouraged, at least greatly facilitated by internal and external financial liberalization policies. These have been promoted by a neoliberal ideology conveyed by international organizations and states in most countries of the planet. The financial crisis of 2008, known as the "subprime crisis", whose devastating effects we continue to suffer, has been the product and the revealer of the unethical behavior of private finance. The issue of an assumed return to state intervention in the area of financial regulation, which we are dealing with in this second part, must be backed up by sound scientific argumentation and moral and ethical values that meet the requirements of financial regulation. equal rights, freedom, democracy and respect for the environment.

Suggested Citation

  • Albert Marouani, 2013. ""ARE ETHICS AND GOOD GOVERNANCE COMPATIBLE IN FINANCIAL MARKETS? " Part 2: Public financial governance hesitant and in search of ethics [Ethique et bonne gouvernance sont-elles compatible," Post-Print halshs-02019986, HAL.
  • Handle: RePEc:hal:journl:halshs-02019986
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-02019986
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