Fairness through regulation? Reflections on a cosmopolitan approach to global finance

In the aftermath of the last financial crisis a strong message prevails that ‘something’ has to be changed in the manner global finance is governed. What exactly this ‘something’ entails and what could constitute the ‘common ground’ of anticipated change is more difficult to determine. Many envisage...

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Autores principales:	Marta Božina Beroš, Marin Beroš
Formato:	article
Lenguaje:	DE EN FR
Publicado:	Editura ASE Bucuresti 2013
Materias:	Global financial system Financial governance Cosmopolitanism Financial regulation Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/425a77e99b2b4288976f8aef4af164f6
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id	oai:doaj.org-article:425a77e99b2b4288976f8aef4af164f6
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spelling	oai:doaj.org-article:425a77e99b2b4288976f8aef4af164f62021-12-02T02:43:27ZFairness through regulation? Reflections on a cosmopolitan approach to global finance1843-22981844-8208https://doaj.org/article/425a77e99b2b4288976f8aef4af164f62013-11-01T00:00:00Zhttp://www.jpe.ro/pdf.php?id=4996https://doaj.org/toc/1843-2298https://doaj.org/toc/1844-8208In the aftermath of the last financial crisis a strong message prevails that ‘something’ has to be changed in the manner global finance is governed. What exactly this ‘something’ entails and what could constitute the ‘common ground’ of anticipated change is more difficult to determine. Many envisage future improvements of global financial governance by evoking deliberative democracy, political equality and cosmopolitanism. As financial regulation is the main instrument through which global finance is shaped and governed nowadays, these principles should then be transmitted to regulatory arrangements. This paper focuses on a new conceptual approach to regulatory and governance issues in global finance, by employing the philosophical idea of cosmopolitanism. It argues that although as a concept, cosmopolitanism cannot mitigate all the flaws attributed to contemporary finance, its development and extension to international financial regulation that is promulgated by institutions of the global financial system, would represent a worthwhile endeavour in making global finance more accountable and just in the eyes of many.Marta Božina BerošMarin BerošEditura ASE BucurestiarticleGlobal financial systemFinancial governanceCosmopolitanismFinancial regulationEconomics as a scienceHB71-74DEENFRJournal of Philosophical Economics, Vol VII, Iss 1 (2013)
institution	DOAJ
collection	DOAJ
language	DE EN FR
topic	Global financial system Financial governance Cosmopolitanism Financial regulation Economics as a science HB71-74
spellingShingle	Global financial system Financial governance Cosmopolitanism Financial regulation Economics as a science HB71-74 Marta Božina Beroš Marin Beroš Fairness through regulation? Reflections on a cosmopolitan approach to global finance
description	In the aftermath of the last financial crisis a strong message prevails that ‘something’ has to be changed in the manner global finance is governed. What exactly this ‘something’ entails and what could constitute the ‘common ground’ of anticipated change is more difficult to determine. Many envisage future improvements of global financial governance by evoking deliberative democracy, political equality and cosmopolitanism. As financial regulation is the main instrument through which global finance is shaped and governed nowadays, these principles should then be transmitted to regulatory arrangements. This paper focuses on a new conceptual approach to regulatory and governance issues in global finance, by employing the philosophical idea of cosmopolitanism. It argues that although as a concept, cosmopolitanism cannot mitigate all the flaws attributed to contemporary finance, its development and extension to international financial regulation that is promulgated by institutions of the global financial system, would represent a worthwhile endeavour in making global finance more accountable and just in the eyes of many.
format	article
author	Marta Božina Beroš Marin Beroš
author_facet	Marta Božina Beroš Marin Beroš
author_sort	Marta Božina Beroš
title	Fairness through regulation? Reflections on a cosmopolitan approach to global finance
title_short	Fairness through regulation? Reflections on a cosmopolitan approach to global finance
title_full	Fairness through regulation? Reflections on a cosmopolitan approach to global finance
title_fullStr	Fairness through regulation? Reflections on a cosmopolitan approach to global finance
title_full_unstemmed	Fairness through regulation? Reflections on a cosmopolitan approach to global finance
title_sort	fairness through regulation? reflections on a cosmopolitan approach to global finance
publisher	Editura ASE Bucuresti
publishDate	2013
url	https://doaj.org/article/425a77e99b2b4288976f8aef4af164f6
work_keys_str_mv	AT martabozinaberos fairnessthroughregulationreflectionsonacosmopolitanapproachtoglobalfinance AT marinberos fairnessthroughregulationreflectionsonacosmopolitanapproachtoglobalfinance
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Fairness through regulation? Reflections on a cosmopolitan approach to global finance

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