The Subprime Crisis and Its Impact on Financial and Managerial Environments

An Unequal Repercussion at European Level
1. Auflage 2012
ISBN: 978-1-4438-4077-4
Verlag: Cambridge Scholars Publishing

Buch, Englisch, 195 Seiten

History has shown us the role that financial and banking crises have had in economic transformation. The last crisis in 2008 was particularly significant because of its extent and its effect worldwide. Two aspects hold equal importance. Firstly, governance is a key concept to be clearly defined and enforced, especially within the EU. Both entrepreneurial and financial players must measure the impact of their various actions (transparency in decision-making processes, strategic choices to achieve profit, etc.), maintaining their market position while preserving the social positioning of all partners. Secondly, from a more technical point of view, the relevance of mathematical and quantitative methods should be discussed in order to evaluate asset performance. Securitization has always been a tool used to increase financial institutions’ profit margins but it cannot become their primary goal. The error does not come from the use of this technique but from its misuse at international level.

This book aims to provide the reader with a broad discussion of the financial impacts and consequences arising from the last subprime crisis. By means of an international and European analysis, the different contributors intend to stress the relevance of a multi-national solution guaranteeing the stability of the international financial and banking system.

Autoren/Hrsg.

Paulet, Elisabeth

Über Autor(innen)

Paulet, Elisabeth
Elisabeth Paulet is Professor of Economics and Finance at ESCEM Business School in Poitiers, France. After completing a PhD at the European University Institute of Florence, she now holds the Jean Monnet Chair. Her main interests are in banking structures and the financial policies of firms on the historical and contemporary level. She has published several articles and books in these fields, including Financial Markets and the Banking Sector: Role and Responsabilities in a Global World (Pickering Chatto, 2009) and “Regulation and Ethical Issues for the Banking Sector: A Complementary Solution to Re-Establish Efficiency in Times of Crisis,” in the Journal of Corporate Governance (April 2011, pp. 293–300). She is currently Scientific Director of the Ecricome PhD and Head of the Department of Economics, Law and Sustainable Development.