Towards an Accountable Capitalism
The global credit crisis has been a systemic failure. In this monograph, the author try to set out some of what went wrong, and how to develop the framework of policy and institutions needed to ensure a vibrant and stable financial system in the fu...
| Main Authors: | , , |
|---|---|
| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2009/01/10612739/towards-accountable-capitalism http://hdl.handle.net/10986/11129 |
| id |
okr-10986-11129 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTABILITY ACCOUNTING ACCOUNTING PROCEDURES ACCOUNTING RULES ACCOUNTING STANDARDS ADVISORY GROUP ADVISORY SERVICES ASSET MANAGERS ASSET PRICES AUDITORS BALANCE SHEET BALANCE SHEETS BANK LENDING BANK REGULATION BANKING ASSETS BANKRUPTCY BANKRUPTCY REORGANIZATIONS BANKS BENEFICIARIES BEST PRACTICE BOARDS OF DIRECTORS BOND BOND MARKET BROKER BROKERS BUSINESS SCHOOL CALCULATION CAPITAL BASE CAPITAL MARKET CAPITAL MARKETS CDS CENTRAL BANKING CHECKS CONFLICTS OF INTEREST CONSULTING SERVICES CONSUMERS CORPORATE GOVERNANCE CORPORATE INFORMATION COUNTRY TO COUNTRY CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT DEFAULT SWAPS CREDIT RATING CREDIT RATING AGENCIES CREDIT RATING AGENCY CREDIT RATINGS CREDIT REPORTS CREDITOR CURRENCY DEBT DEMOCRACY DEPOSITORS DERIVATIVE DERIVATIVE TRANSACTIONS DERIVATIVES DIVERSIFICATION DIVORCE DOMESTIC MARKET DUE DILIGENCE ECONOMIC POWERS ECONOMIC REFORM ECONOMIC SUCCESS ECONOMIC SYSTEM EMERGING MARKET EMERGING MARKETS ENFORCEMENT AGENCIES EXPOSURE EXTENSION OF CREDIT FINANCE CORPORATION FINANCIAL CRISES FINANCIAL DISTRESS FINANCIAL ENGINEERS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL MARKETS FINANCIAL SHOCKS FINANCIAL STABILITY FINANCIAL SYSTEM FUND MANAGER FUND MANAGERS GLOBAL INVESTOR GOVERNANCE PRACTICES HEDGE FUND HEDGE FUNDS HOLDING HOLDING COMPANIES HOME OWNERS HOMEOWNER INFLATION INFORMATION FLOWS INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANY INSURANCE POLICY INTEREST RATES INTERNATIONAL CORPORATE GOVERNANCE INTERNATIONAL FINANCE INVESTING INVESTMENT BANK INVESTMENT BANKING INVESTMENT MANAGEMENT INVESTOR RESPONSIBILITY IRA ISSUANCE JURISDICTION LAWS LENDER LENDER OF LAST RESORT LENDERS LIFE INSURANCE LIFE INSURANCE POLICY LIQUIDITY LOAN LOCAL BANK LONG-TERM INVESTORS LOW-INCOME LOW-INCOME COUNTRIES MAJOR BANKS MARK TO MARKET MARKET PARTICIPANT MARKET PARTICIPANTS MARKET PLAYERS MARKET PRICE MONEY MANAGERS MONEY MARKET MORTGAGE MORTGAGE BROKER MORTGAGE LOANS MORTGAGE POOL MORTGAGES MUTUAL FUND MUTUAL FUNDS NEW PRODUCT OFF BALANCE SHEET OFF BALANCE SHEET ITEMS PAY PERIOD PENSION PENSION FUND PENSION FUNDS PENSION PLAN POLITICAL SYSTEM PORTFOLIO PRIVATIZATION PROFESSIONAL ASSOCIATIONS PUBLIC COMPANIES RECESSION REGULATOR REGULATORS REGULATORY STRUCTURES RESERVE RESERVE REQUIREMENTS RESERVES RESPONSIBILITIES RESPONSIBLE INVESTMENT RETIREMENT RETIREMENT SAVINGS RISK MANAGEMENT RISK TAKING SAVERS SAVINGS SAVINGS SCHEMES SECURITIES SENIOR SHARE OWNERSHIP SHAREHOLDER SHAREHOLDER INFLUENCE SHAREHOLDER RIGHTS SOCIAL PERFORMANCE SOLVENCY STOCK EXCHANGE SUBSIDIARY SYSTEMIC RISK TRADING TRANSITION ECONOMIES TRANSPARENCY TREASURY TRUST FUND TRUSTEE TRUSTEES UNION WORTH |
| spellingShingle |
ACCOUNTABILITY ACCOUNTING ACCOUNTING PROCEDURES ACCOUNTING RULES ACCOUNTING STANDARDS ADVISORY GROUP ADVISORY SERVICES ASSET MANAGERS ASSET PRICES AUDITORS BALANCE SHEET BALANCE SHEETS BANK LENDING BANK REGULATION BANKING ASSETS BANKRUPTCY BANKRUPTCY REORGANIZATIONS BANKS BENEFICIARIES BEST PRACTICE BOARDS OF DIRECTORS BOND BOND MARKET BROKER BROKERS BUSINESS SCHOOL CALCULATION CAPITAL BASE CAPITAL MARKET CAPITAL MARKETS CDS CENTRAL BANKING CHECKS CONFLICTS OF INTEREST CONSULTING SERVICES CONSUMERS CORPORATE GOVERNANCE CORPORATE INFORMATION COUNTRY TO COUNTRY CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT DEFAULT SWAPS CREDIT RATING CREDIT RATING AGENCIES CREDIT RATING AGENCY CREDIT RATINGS CREDIT REPORTS CREDITOR CURRENCY DEBT DEMOCRACY DEPOSITORS DERIVATIVE DERIVATIVE TRANSACTIONS DERIVATIVES DIVERSIFICATION DIVORCE DOMESTIC MARKET DUE DILIGENCE ECONOMIC POWERS ECONOMIC REFORM ECONOMIC SUCCESS ECONOMIC SYSTEM EMERGING MARKET EMERGING MARKETS ENFORCEMENT AGENCIES EXPOSURE EXTENSION OF CREDIT FINANCE CORPORATION FINANCIAL CRISES FINANCIAL DISTRESS FINANCIAL ENGINEERS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL MARKETS FINANCIAL SHOCKS FINANCIAL STABILITY FINANCIAL SYSTEM FUND MANAGER FUND MANAGERS GLOBAL INVESTOR GOVERNANCE PRACTICES HEDGE FUND HEDGE FUNDS HOLDING HOLDING COMPANIES HOME OWNERS HOMEOWNER INFLATION INFORMATION FLOWS INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANY INSURANCE POLICY INTEREST RATES INTERNATIONAL CORPORATE GOVERNANCE INTERNATIONAL FINANCE INVESTING INVESTMENT BANK INVESTMENT BANKING INVESTMENT MANAGEMENT INVESTOR RESPONSIBILITY IRA ISSUANCE JURISDICTION LAWS LENDER LENDER OF LAST RESORT LENDERS LIFE INSURANCE LIFE INSURANCE POLICY LIQUIDITY LOAN LOCAL BANK LONG-TERM INVESTORS LOW-INCOME LOW-INCOME COUNTRIES MAJOR BANKS MARK TO MARKET MARKET PARTICIPANT MARKET PARTICIPANTS MARKET PLAYERS MARKET PRICE MONEY MANAGERS MONEY MARKET MORTGAGE MORTGAGE BROKER MORTGAGE LOANS MORTGAGE POOL MORTGAGES MUTUAL FUND MUTUAL FUNDS NEW PRODUCT OFF BALANCE SHEET OFF BALANCE SHEET ITEMS PAY PERIOD PENSION PENSION FUND PENSION FUNDS PENSION PLAN POLITICAL SYSTEM PORTFOLIO PRIVATIZATION PROFESSIONAL ASSOCIATIONS PUBLIC COMPANIES RECESSION REGULATOR REGULATORS REGULATORY STRUCTURES RESERVE RESERVE REQUIREMENTS RESERVES RESPONSIBILITIES RESPONSIBLE INVESTMENT RETIREMENT RETIREMENT SAVINGS RISK MANAGEMENT RISK TAKING SAVERS SAVINGS SAVINGS SCHEMES SECURITIES SENIOR SHARE OWNERSHIP SHAREHOLDER SHAREHOLDER INFLUENCE SHAREHOLDER RIGHTS SOCIAL PERFORMANCE SOLVENCY STOCK EXCHANGE SUBSIDIARY SYSTEMIC RISK TRADING TRANSITION ECONOMIES TRANSPARENCY TREASURY TRUST FUND TRUSTEE TRUSTEES UNION WORTH Davis, Stephen Lukomnik, Jon Pitt-Watson, David Towards an Accountable Capitalism |
| relation |
Private Sector Opinion; No. 13 |
| description |
The global credit crisis has been a
systemic failure. In this monograph, the author try to set
out some of what went wrong, and how to develop the
framework of policy and institutions needed to ensure a
vibrant and stable financial system in the future. This will
require new thinking about the type of institutions on which
a successful modern financial economy depends, but, more
importantly, on the relationship between each of these
institutions. The author focuses on how to get them to work
in a way which will support open and effective capital
markets. The aim is not to lay out a detailed framework for
bank solvency, or accounting regulation or corporate
governance, though the author will touch on many examples of
reform. Rather it is to try to clarify the principles on
which any responsible market system will rest, and how these
might be applied to the banks and the other markets where
finance is raised to keep the economy going. It is also to
suggest various actions the participants in all markets -
regulators, investors, Non-governmental Organizations
(NGOs), and bankers, can take to prevent similar disasters. |
| format |
Publications & Research :: Brief |
| author |
Davis, Stephen Lukomnik, Jon Pitt-Watson, David |
| author_facet |
Davis, Stephen Lukomnik, Jon Pitt-Watson, David |
| author_sort |
Davis, Stephen |
| title |
Towards an Accountable Capitalism |
| title_short |
Towards an Accountable Capitalism |
| title_full |
Towards an Accountable Capitalism |
| title_fullStr |
Towards an Accountable Capitalism |
| title_full_unstemmed |
Towards an Accountable Capitalism |
| title_sort |
towards an accountable capitalism |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2009/01/10612739/towards-accountable-capitalism http://hdl.handle.net/10986/11129 |
| _version_ |
1764415629466533888 |
| spelling |
okr-10986-111292021-04-23T14:02:54Z Towards an Accountable Capitalism Davis, Stephen Lukomnik, Jon Pitt-Watson, David ACCOUNTABILITY ACCOUNTING ACCOUNTING PROCEDURES ACCOUNTING RULES ACCOUNTING STANDARDS ADVISORY GROUP ADVISORY SERVICES ASSET MANAGERS ASSET PRICES AUDITORS BALANCE SHEET BALANCE SHEETS BANK LENDING BANK REGULATION BANKING ASSETS BANKRUPTCY BANKRUPTCY REORGANIZATIONS BANKS BENEFICIARIES BEST PRACTICE BOARDS OF DIRECTORS BOND BOND MARKET BROKER BROKERS BUSINESS SCHOOL CALCULATION CAPITAL BASE CAPITAL MARKET CAPITAL MARKETS CDS CENTRAL BANKING CHECKS CONFLICTS OF INTEREST CONSULTING SERVICES CONSUMERS CORPORATE GOVERNANCE CORPORATE INFORMATION COUNTRY TO COUNTRY CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT DEFAULT SWAPS CREDIT RATING CREDIT RATING AGENCIES CREDIT RATING AGENCY CREDIT RATINGS CREDIT REPORTS CREDITOR CURRENCY DEBT DEMOCRACY DEPOSITORS DERIVATIVE DERIVATIVE TRANSACTIONS DERIVATIVES DIVERSIFICATION DIVORCE DOMESTIC MARKET DUE DILIGENCE ECONOMIC POWERS ECONOMIC REFORM ECONOMIC SUCCESS ECONOMIC SYSTEM EMERGING MARKET EMERGING MARKETS ENFORCEMENT AGENCIES EXPOSURE EXTENSION OF CREDIT FINANCE CORPORATION FINANCIAL CRISES FINANCIAL DISTRESS FINANCIAL ENGINEERS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL MARKETS FINANCIAL SHOCKS FINANCIAL STABILITY FINANCIAL SYSTEM FUND MANAGER FUND MANAGERS GLOBAL INVESTOR GOVERNANCE PRACTICES HEDGE FUND HEDGE FUNDS HOLDING HOLDING COMPANIES HOME OWNERS HOMEOWNER INFLATION INFORMATION FLOWS INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANY INSURANCE POLICY INTEREST RATES INTERNATIONAL CORPORATE GOVERNANCE INTERNATIONAL FINANCE INVESTING INVESTMENT BANK INVESTMENT BANKING INVESTMENT MANAGEMENT INVESTOR RESPONSIBILITY IRA ISSUANCE JURISDICTION LAWS LENDER LENDER OF LAST RESORT LENDERS LIFE INSURANCE LIFE INSURANCE POLICY LIQUIDITY LOAN LOCAL BANK LONG-TERM INVESTORS LOW-INCOME LOW-INCOME COUNTRIES MAJOR BANKS MARK TO MARKET MARKET PARTICIPANT MARKET PARTICIPANTS MARKET PLAYERS MARKET PRICE MONEY MANAGERS MONEY MARKET MORTGAGE MORTGAGE BROKER MORTGAGE LOANS MORTGAGE POOL MORTGAGES MUTUAL FUND MUTUAL FUNDS NEW PRODUCT OFF BALANCE SHEET OFF BALANCE SHEET ITEMS PAY PERIOD PENSION PENSION FUND PENSION FUNDS PENSION PLAN POLITICAL SYSTEM PORTFOLIO PRIVATIZATION PROFESSIONAL ASSOCIATIONS PUBLIC COMPANIES RECESSION REGULATOR REGULATORS REGULATORY STRUCTURES RESERVE RESERVE REQUIREMENTS RESERVES RESPONSIBILITIES RESPONSIBLE INVESTMENT RETIREMENT RETIREMENT SAVINGS RISK MANAGEMENT RISK TAKING SAVERS SAVINGS SAVINGS SCHEMES SECURITIES SENIOR SHARE OWNERSHIP SHAREHOLDER SHAREHOLDER INFLUENCE SHAREHOLDER RIGHTS SOCIAL PERFORMANCE SOLVENCY STOCK EXCHANGE SUBSIDIARY SYSTEMIC RISK TRADING TRANSITION ECONOMIES TRANSPARENCY TREASURY TRUST FUND TRUSTEE TRUSTEES UNION WORTH The global credit crisis has been a systemic failure. In this monograph, the author try to set out some of what went wrong, and how to develop the framework of policy and institutions needed to ensure a vibrant and stable financial system in the future. This will require new thinking about the type of institutions on which a successful modern financial economy depends, but, more importantly, on the relationship between each of these institutions. The author focuses on how to get them to work in a way which will support open and effective capital markets. The aim is not to lay out a detailed framework for bank solvency, or accounting regulation or corporate governance, though the author will touch on many examples of reform. Rather it is to try to clarify the principles on which any responsible market system will rest, and how these might be applied to the banks and the other markets where finance is raised to keep the economy going. It is also to suggest various actions the participants in all markets - regulators, investors, Non-governmental Organizations (NGOs), and bankers, can take to prevent similar disasters. 2012-08-13T14:13:52Z 2012-08-13T14:13:52Z 2009-01 http://documents.worldbank.org/curated/en/2009/01/10612739/towards-accountable-capitalism http://hdl.handle.net/10986/11129 English Private Sector Opinion; No. 13 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |