New Issue of Moral Cents (Summer/Fall 2017)

November 1st, 2017 by Kara in Journal

This issue of Moral Cents explores Italian banking. The articles provide penetrating observations and critiques about the structure of the banking system,regulations and regulatory bodies, questionable practices like the revolving door, and governance failures at specific institutions. I believe the reader should gain increased insight into an industry that has a considerable influence on the EU’s fifth largest economy. The first article “The Italian Banking System” by Nicola Bilotta, illustrates clearly the structure of the banking system in Italy. There are three characteristics driving the evolution of the industry, one of which ...

Moral Cents: Winter/Spring 2017 Issue

April 13th, 2017 by Kara in Journal

Dr. Kara Tan Bhala This issue of Moral Cents: Winter/Spring 2017 presents just two articles with the first being a large and comprehensive report evaluating the LIBOR manipulation five years after the discovery of this dismal practice. Regulators began investigating the manipulation of LIBOR by a colluding clutch of international banks in 2012, after the Financial Times published an article by a former trader recounting how LIBOR manipulation was common since at least 1991. Rishi Hardowar writes a thorough report on the scandal, examining its causes, the investigations, the resulting plethora of ...

Moral Cents: Summer/Fall 2016 Issue

November 16th, 2016 by Kara in Journal

  Dr. Kara Tan Bhala   None of the articles in this latest issue of Moral Cents: The Journal of Ethics in Finance are about the recent US Presidential election and its outcome. The Institute will doubtless, have more to write on subsequent actions in the coming months and years under the new Administration and Congress. There already is the inevitable victory roar to rollback Dodd-Frank, deregulate and allow market forces free rein, without mention of strengthening and instilling a sense of personal and institutional ethical responsibility. As a colleague observed, the Great ...

Moral Cents Climate Change Issue

May 13th, 2016 by Kara in Journal

  By: Kara Tan Bhala The climate change articles in this issue of Moral Cents focus on the financial aspects. Of course, ethical imperatives undergird efforts to mitigate and adapt to climate change. The BBC, quoting an Australian study, recently reported five tiny Pacific islands, part of the Solomon Archipelago, have disappeared amid rising seas and erosion. The study is the first that scientifically “confirms the numerous anecdotal accounts from across the Pacific of the dramatic impacts of climate change on coastlines and people.” Taro, the capital of Choiseul Province, is set to become the first ...

The Latest Issue of Moral Cents is Now Available

May 5th, 2015 by Kara in Journal

Residential property prices in major cities around the world, from Shanghai to San Francisco, New Delhi to New York, Bangkok to Berlin, are hitting heights unreachable to ordinary mortals. Median house price increases outpace median family income growth, pricing out the young and the middle income. The reasons for the stratospheric rise of property prices in major cities around the world are undoubtedly many and interconnected. Yet, it seems easiest to blame global and mobile plutocrats for accumulating prime properties and pushing up prices in international cities. London locals blame ...