scholarly journals The limits of ignorance – financial literacy and the corporate responsibilization to the business of life

2015 ◽  
Vol 19 (2) ◽  
Author(s):  
Erik Højbjerg
Keyword(s):  
Financial Crisis ◽  
Financial Institutions ◽  
Financial Literacy ◽  
Life Skills ◽  
Global Financial Crisis ◽  
Private Enterprise ◽  
Ordinary Citizen ◽  
Individual Citizen ◽  
The Individual

AbstractHow do corporations seek to construe and mobilize responsible consumers by offering products and services, the consumption of which are assumed to transform the individual’s self-relationship along proclaimed ethical and political goals? In the aftermath of the 2008 global financial crisis, increasing the financial literacy of ordinary citizen-consumers has taken a prominent position among regulators and financial institutions alike. The logic seems to be that financially capable individuals will enjoy social and political inclusion as well as an ability to exercise a stronger influence in markets. The article specifically contributes to our understanding of the governmentalization of the present by addressing how - at least in part - the corporate spread of financial literacy educational initiatives can be observed as a particular form of power at-a-distance responsibilizing the consumer. The focus is on the role of private enterprise in governmentalizing the business of life by establishing and mobilizing specific conceptual forms around which the life skills of the entrepreneurial self involves a responsibilization of the individual citizen-consumer.

scholarly journals ÜNİVERSİTE ÖĞRENCİLERİNİN İLERİ FİNANSAL OKURYAZARLIK DÜZEYLERİNİN İNCELENMESİ, ANADOLU ÜNİVERSİTESİ ÖRNEĞİ

2018 ◽  
Vol 6 (2) ◽  
Author(s):  
Ali ÖZDEMİR ◽  
Fatih TEMİZEL
Keyword(s):  
Financial Crisis ◽  
University Students ◽  
Financial Literacy ◽  
Global Financial Crisis ◽  
Demographic Variables ◽  
Class Membership ◽  
Literacy Class ◽  
Influential Variable ◽  
The Individual ◽  
The Relationship

The 2008 Global Financial Crisis increased the financial responsibilities of the individual. The basic condition for fulfilling the responsibilities is to be a financial literate. In this study, the advanced skills of university students in financial literacy are questioned. The relationship between advanced financial literacy, basic financial literacy and various demographic variables has also been investigated simultaneously. For this purpose, the opinions of 335 students from different departments and classes were evaluated at Anadolu University Faculty of Economics and Administrative Sciences. 35,7% of those who participated in the study have advanced financial literacy. It has been determined that the most influential variable in determining students’ advanced financial literacy class membership is the basic financial literacy score.

AN EMPIRICAL STUDY OF INDIAN INSURANCE INDUSTRY POST GLOBAL FINANCIAL CRISIS

2015 ◽  
Vol 6 (01-02) ◽  
Author(s):  
Anis Ur Rehman ◽  
Yasir Arafat Elahi ◽  
Sushma .
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Insurance Industry ◽  
Primary Data ◽  
Policy Recommendations ◽  
Insurance Sector ◽  
The World ◽  
The Impact ◽  
The New Deal

India has recently emerged as a major political and economic power in the world. The financial crisis that engulfed the world in 2008 needed developing countries like India to lead the rescue and recovery, instead of G7 westerns countries who dealt with such crisis in the past. Recently, discussions and negotiations are going amongst G20 countries regarding a new global financial architecture (G-20 Summit, 2008). The outcome will affect the relevant industries in India and hence it is a public interest issue for the actuarial profession in the country. Increased and more intrusive and costly regulations and red tapes are likely to be a part of the new deal (Economic Survey 2009-10). The objective of this paper is to study the perception of higher level authorities in Insurance sector regarding the role of regulator in minimizing the impact of global financial crisis. The primary data has been collected from 200 authorities in insurance industry. The data has been analyzed with statistical tools like MS-Excel. On the basis of the findings, various measures and policy recommendations for insurers have been suggested to minimize the impact of crisis.

A Discussion of Aida H. Hozic and Jacqui True’s Scandalous Economics: Gender and the Politics of Financial Crises

2017 ◽  
Vol 15 (2) ◽  
pp. 503-504
Author(s):  
Dara Z. Strolovitch
Keyword(s):  
Political Economy ◽  
Financial Crisis ◽  
Financial Institutions ◽  
Financial Crises ◽  
Global Financial Crisis ◽  
Economic Order ◽  
Macroeconomic Models ◽  
Gender And Race ◽  
Back Cover ◽  
The Global Financial Crisis

“Critical analyses of the global financial crisis of 2008 (GFC) have neglected the ways in which structural inequalities around gender and race factor into (and indeed make possible) the current economic order. Scandalous Economics breaks new ground by arguing that an explicitly gendered approach to the GFC and its ongoing effects can help us to understand both the root causes of the crisis and the failure to significantly reform financial institutions and macroeconomic models.” These words, from the blurb on the back cover of Scandalous Economics, nicely summarize the book’s topic and the general approach to it. Because the book contains contributions from a number of the top political scientists writing about the gendering of political economy, and because this topic is such an important one, we have invited a range of political scientists to comment on the book and on the broader theme of the gendering of political economy.

scholarly journals Global Financial Crisis and Role of Ownership Structure on Cost of Capital

2013 ◽  
Vol 5 (1) ◽  
Author(s):  
Salman Afkhami Rad ◽  
Stuart Locke ◽  
Krishna Reddy
Keyword(s):  
Financial Crisis ◽  
Ownership Structure ◽  
Cost Of Capital ◽  
Global Financial Crisis

A Discussion of Aida H. Hozic and Jacqui True’s Scandalous Economics: Gender and the Politics of Financial Crises

2017 ◽  
Vol 15 (2) ◽  
pp. 511-512
Author(s):  
Daniel W. Drezner
Keyword(s):  
Political Economy ◽  
Financial Crisis ◽  
Financial Institutions ◽  
Financial Crises ◽  
Global Financial Crisis ◽  
Economic Order ◽  
Macroeconomic Models ◽  
Gender And Race ◽  
Back Cover ◽  
The Global Financial Crisis

“Critical analyses of the global financial crisis of 2008 (GFC) have neglected the ways in which structural inequalities around gender and race factor into (and indeed make possible) the current economic order. Scandalous Economics breaks new ground by arguing that an explicitly gendered approach to the GFC and its ongoing effects can help us to understand both the root causes of the crisis and the failure to significantly reform financial institutions and macroeconomic models.” These words, from the blurb on the back cover of Scandalous Economics, nicely summarize the book’s topic and the general approach to it. Because the book contains contributions from a number of the top political scientists writing about the gendering of political economy, and because this topic is such an important one, we have invited a range of political scientists to comment on the book and on the broader theme of the gendering of political economy.

scholarly journals The 2008 Global Financial Crisis: Ethic Fail!

2020 ◽  
Vol 6 (1) ◽  
pp. 6-26
Author(s):  
Rebecca Calvert-Giddings
Keyword(s):  
Decision Making ◽  
Financial Crisis ◽  
Financial Institutions ◽  
Ethical Decision ◽  
Ethical Decision Making ◽  
Global Financial Crisis ◽  
Human Ethics ◽  
Perfect Storm

What failed in order to cause the 'perfect storm' that lead to the 2008 Global Financial Crisis? Did the leaders, managers and employees of financial institutions have a complete disregard for regulation, a breakdown in human ethics, a contempt for customers, or in fact ignorance to anything apart from profit and bonuses? If so, is increased regulation going to prevent this from happening again? Or is increasing regulation causing a dissociation in staff from ethical decision making and placing an almost co-dependent and ultimately unrealistic reliance on complance and legal departments, which is in turn setting the industry up to fail again?

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