Ethical Banks: An Alternative in the Financial Crisis

Mascu Simona ()
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Mascu Simona: Universitatea „Ovidius”Constanta
Authors registered in the RePEc Author Service: Simona Mașcu

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 1, 1680-1684

Abstract: The goal of this paper is to discuss the issues of ethics, moral hazard and behavior in banking regulation of the global financial system. The paper is focused on the specific characteristics of ethical banks, compared with those of traditional ones, and provides a picture of the extent of this phenomenon. Through this paper I also intend to argue that the recent crisis has not just been a banking crisis, but also a crisis of professionalism and banking ethics. The credit crisis calls into question the functionality and good performance of traditional banks. The full incorporation of ethical values and principles by traditional financial intermediaries might be a form to solve their misleading financial situation.

Keywords: ethical banking; sustainability; financial crisis; moral hazard (search for similar items in EconPapers)
JEL-codes: D82 D83 G01 G21 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:10:y:2010:i:1:p:1680-1684

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