The Financial Crisis Issue - April/June 2010 - Issue 2

From demutualisation to meltdown: a tale of two wannabe banks

This paper aims to examine the influence of neoliberalist deregulation on the rash of demutualisations of the 1990s. It explores the extent to which the demutualisation of two building societies – Northern Rock and Bradford & Bingley – and their subsequent demise in the wake of the credit crunch exemplify key features of the neoliberalist experiment, with a particular focus on their post-mutualisation business models.

Wrong assumptions in the financial crisis

The purpose of this paper is to show how some of the assumptions about the current financial crisis are wrong because they misunderstand what takes place in the mortgage market..

A time to return to Keynes

This paper seeks compare the current financial and economic problems with the problems
facing the world economy in the 1930s.

Regulation and subprime turmoil

The global economy has entered what appears to be a very serious financial crisis for reasons other than force majeure. While the current focus has to be on preventing a repeat of the Great Depression, efforts must also be made to understand why the crisis came about in the first place. The objective of this paper is to demonstrate that the regulators should have known what the risks were and that these risks were large and systemic, and should have concluded that actions were required to prevent a serious global crisis.

A response to “Reflections on a global financial crisis”

This paper seeks to draw out the main themes of the debate on the current financial crisis as published in the special issue of critical perspectives on international business Vol. 5 Nos 1/2 (2009) and place them in the context of subsequent events. It also considers what conclusions can be drawn both for future policy and for the conduct of future academic research.

The crisis: a return to political economy?

This paper aims to examine the current financial crisis, suggesting that most analyses have attributed the crisis to a lack of business ethics, the rise of greed and lax regulation. Prescriptions offered to address this crisis draw accordingly on the need for greater regulation of market behaviour,
.

Paper assets, real debts

This paper sets out to investigate the potential contribution of the inter-disciplinary field of ecological economics to the explanation of the current economic crisis. The root of the crisis is the growing disjuncture between the real economy of production and the paper economy of finance.

New thinking on the financial crisis

The purpose of this paper is to expand understanding of the current global financial crisis in light of other large-scale financial crises.

Why moral failures precede financial crises

This paper aims to explore the linkages between greed and governance failures in both financial institutions and financial markets.

The global financial crisis: an institutional theory analysis

This paper seeks to provide insights into the current global financial crisis from an institutional theory perspective.