The Triple Crisis of Western Capitalism: Democracy, Banking by Tillmann C. Lauk (auth.)

By Tillmann C. Lauk (auth.)

Show description

Read or Download The Triple Crisis of Western Capitalism: Democracy, Banking and Currency PDF

Best risk management books

Controls, Procedures and Risk (Securities Institute Operations Management)

'Controls, techniques and hazard' covers the talents and strategies had to allow the tracking and handling of possibility and the authors concentrate on strategies layout, implementation and documentation. massive emphasis is usually given to the main controls and the significance of regulate features, audit and possibility administration teams and coverage.

Understanding Market, Credit, and Operational Risk: The Value at Risk Approach

A step by step, actual international consultant to using worth in danger (VaR) versions, this article applies the VaR method of the size of marketplace probability, credits possibility and operational chance. The ebook describes and reviews proprietary versions, illustrating them with sensible examples drawn from genuine case reviews.

Risk Management for Insurers, Second Edition

Everywhere in the globe insurers are dealing with the impression of the turmoil at the monetary markets, making it extra the most important than ever to completely know the way to enforce probability administration most sensible perform. during this well timed moment variation, professional René Doff argues that Solvency II, which goals to enhance criteria of probability evaluate, may be considered as a chance.

Finance and the Behavioral Prospect: Risk, Exuberance, and Abnormal Markets

This ebook explains how investor habit, from psychological accounting to the flamable interaction of desire and worry, impacts monetary economics. The transformation of portfolio thought starts off with the identity of anomalies. Gaps in conception and behavioral departures from rationality spur momentum, irrational exuberance, and speculative bubbles.

Extra info for The Triple Crisis of Western Capitalism: Democracy, Banking and Currency

Sample text

Another popular example of ‘special interest group legislation’ is the ban on incandescent light bulbs. The bill was flagged as a measure to reduce CO2 emissions via the reduction of energy consumption in households. But consider, first, that the energy consumption for lighting in households is 5 per cent of total consumption – certainly not a means to fight CO2 emissions effectively. Second, they are harmful to health and the environment because they contain mercury – if they break then mercury escapes, and once they are finished the mercury goes into the rubbish.

Moreover, a quorum of between 25 per cent and 33 per cent within the national parliaments simply cannot be organized by the delegates of the German parliament within the six-week period – for practical reasons. Thus, Article 12 is only rarely called into action. Fourth, there is no clear criterion as to how subsidiarity is to be defined in a litigable manner. So far, there exists neither sufficient nor binding case law by the European Court of Justice. Hence, Article 12 grasps at nothing – it is of a verbal nature only.

This means that in practice only a tiny fraction of the members of the ‘parliament’ – around 1 per cent – are involved in the lawmaking process and need to be convinced. 23 After the ‘European Parliament’ finally consents to a law, this law then arrives on the national level, where the consent of the national parliaments is required. However, by then the lawmaking chapter is closed on a de facto basis. In most parliaments of the member states those – from the view of democratic legitimation as questionable – legislations are usually waved through.

Download PDF sample

Rated 4.22 of 5 – based on 41 votes