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Ethics and Banking

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  • Inmaculada Carrasco

Abstract

Usually moral conscience has been forgotten after the individualist and utilitarian analysis. However, many people guide their behavior by a value system that is sensitive to social problems, such as equilibrium with nature, respect of human rights, and the equality of opportunities. People have the power to change the society: As consumers and as savers. As savers, people have the opportunity to choose, in financial markets, between institutions and products. In this paper, we will summarize the economic trends that observe a moral conscience in humans. Then, we will analyze if this moral conscience can have a translation in the financial sector. Can ethical banks and investment funds survive in the competitive financial sector? Can moral conscience be incorporated into financial business? Copyright International Atlantic Economic Society 2006

Suggested Citation

  • Inmaculada Carrasco, 2006. "Ethics and Banking," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 12(1), pages 43-50, February.
    • Handle: RePEc:kap:iaecre:v:12:y:2006:i:1:p:43-50:10.1007/s11294-006-6131-1
    DOI: 10.1007/s11294-006-6131-1
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    References listed on IDEAS

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    Cited by:

    1. Ana Rita S. C. Azevedo & Fernando A. F. Ferreira, 2019. "Analyzing the dynamics behind ethical banking practices using fuzzy cognitive mapping," Operational Research, Springer, vol. 19(3), pages 679-700, September.
    2. Ricardo Costa-Climent & Carla Martínez-Climent, 2018. "Sustainable profitability of ethical and conventional banking," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 12(4), December.
    3. Gusti O. Widana & Sudarso K. Wirjono & Mustika S. Purwanegara & Mohamad Toha, 2015. "The Role of Business Ethics in the Relationship between Market Orientation and Business performance," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 4(1), pages 95-111, January.
    4. Argandoña, Antonio, 2009. "Can corporate social responsibility help us understand the credit crisis?," IESE Research Papers D/790, IESE Business School.
    5. Sebastian Hoffmann, 2019. "The Euro in Historical Comparison to the Ruble and the Influence of Overconfidence," European Journal of Marketing and Economics Articles, Revistia Research and Publishing, vol. 2, ejme_v2_i.
    6. Nek Kamal Bin Yeop Yunus & Mohamed Saif Rashid, 2019. "Knowledge Management Process as a Predictor on Organizational Performance in Dubai Government Departments," European Journal of Marketing and Economics Articles, Revistia Research and Publishing, vol. 2, ejme_v2_i.

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    More about this item

    Keywords

    Z1; G21;

    JEL classification:

    • Z1 - Other Special Topics - - Cultural Economics
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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