Publication:
Towards an Accountable Capitalism

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dc.contributor.authorDavis, Stephen
dc.contributor.authorLukomnik, Jon
dc.contributor.authorPitt-Watson, David
dc.date.accessioned2012-08-13T14:13:52Z
dc.date.available2012-08-13T14:13:52Z
dc.date.issued2009-01
dc.description.abstractThe 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/2009/01/10612739/towards-accountable-capitalism
dc.identifier.doi10.1596/11129
dc.identifier.urihttps://hdl.handle.net/10986/11129
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPrivate Sector Opinion; No. 13
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectACCOUNTING PROCEDURES
dc.subjectACCOUNTING RULES
dc.subjectACCOUNTING STANDARDS
dc.subjectADVISORY GROUP
dc.subjectADVISORY SERVICES
dc.subjectASSET MANAGERS
dc.subjectASSET PRICES
dc.subjectAUDITORS
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBANK LENDING
dc.subjectBANK REGULATION
dc.subjectBANKING ASSETS
dc.subjectBANKRUPTCY
dc.subjectBANKRUPTCY REORGANIZATIONS
dc.subjectBANKS
dc.subjectBENEFICIARIES
dc.subjectBEST PRACTICE
dc.subjectBOARDS OF DIRECTORS
dc.subjectBOND
dc.subjectBOND MARKET
dc.subjectBROKER
dc.subjectBROKERS
dc.subjectBUSINESS SCHOOL
dc.subjectCALCULATION
dc.subjectCAPITAL BASE
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCDS
dc.subjectCENTRAL BANKING
dc.subjectCHECKS
dc.subjectCONFLICTS OF INTEREST
dc.subjectCONSULTING SERVICES
dc.subjectCONSUMERS
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORPORATE INFORMATION
dc.subjectCOUNTRY TO COUNTRY
dc.subjectCREDIT DEFAULT
dc.subjectCREDIT DEFAULT SWAP
dc.subjectCREDIT DEFAULT SWAPS
dc.subjectCREDIT RATING
dc.subjectCREDIT RATING AGENCIES
dc.subjectCREDIT RATING AGENCY
dc.subjectCREDIT RATINGS
dc.subjectCREDIT REPORTS
dc.subjectCREDITOR
dc.subjectCURRENCY
dc.subjectDEBT
dc.subjectDEMOCRACY
dc.subjectDEPOSITORS
dc.subjectDERIVATIVE
dc.subjectDERIVATIVE TRANSACTIONS
dc.subjectDERIVATIVES
dc.subjectDIVERSIFICATION
dc.subjectDIVORCE
dc.subjectDOMESTIC MARKET
dc.subjectDUE DILIGENCE
dc.subjectECONOMIC POWERS
dc.subjectECONOMIC REFORM
dc.subjectECONOMIC SUCCESS
dc.subjectECONOMIC SYSTEM
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKETS
dc.subjectENFORCEMENT AGENCIES
dc.subjectEXPOSURE
dc.subjectEXTENSION OF CREDIT
dc.subjectFINANCE CORPORATION
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL DISTRESS
dc.subjectFINANCIAL ENGINEERS
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENT
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SHOCKS
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFUND MANAGER
dc.subjectFUND MANAGERS
dc.subjectGLOBAL INVESTOR
dc.subjectGOVERNANCE PRACTICES
dc.subjectHEDGE FUND
dc.subjectHEDGE FUNDS
dc.subjectHOLDING
dc.subjectHOLDING COMPANIES
dc.subjectHOME OWNERS
dc.subjectHOMEOWNER
dc.subjectINFLATION
dc.subjectINFORMATION FLOWS
dc.subjectINSTITUTIONAL INVESTOR
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE POLICY
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL CORPORATE GOVERNANCE
dc.subjectINTERNATIONAL FINANCE
dc.subjectINVESTING
dc.subjectINVESTMENT BANK
dc.subjectINVESTMENT BANKING
dc.subjectINVESTMENT MANAGEMENT
dc.subjectINVESTOR RESPONSIBILITY
dc.subjectIRA
dc.subjectISSUANCE
dc.subjectJURISDICTION
dc.subjectLAWS
dc.subjectLENDER
dc.subjectLENDER OF LAST RESORT
dc.subjectLENDERS
dc.subjectLIFE INSURANCE
dc.subjectLIFE INSURANCE POLICY
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOCAL BANK
dc.subjectLONG-TERM INVESTORS
dc.subjectLOW-INCOME
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMAJOR BANKS
dc.subjectMARK TO MARKET
dc.subjectMARKET PARTICIPANT
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET PLAYERS
dc.subjectMARKET PRICE
dc.subjectMONEY MANAGERS
dc.subjectMONEY MARKET
dc.subjectMORTGAGE
dc.subjectMORTGAGE BROKER
dc.subjectMORTGAGE LOANS
dc.subjectMORTGAGE POOL
dc.subjectMORTGAGES
dc.subjectMUTUAL FUND
dc.subjectMUTUAL FUNDS
dc.subjectNEW PRODUCT
dc.subjectOFF BALANCE SHEET
dc.subjectOFF BALANCE SHEET ITEMS
dc.subjectPAY PERIOD
dc.subjectPENSION
dc.subjectPENSION FUND
dc.subjectPENSION FUNDS
dc.subjectPENSION PLAN
dc.subjectPOLITICAL SYSTEM
dc.subjectPORTFOLIO
dc.subjectPRIVATIZATION
dc.subjectPROFESSIONAL ASSOCIATIONS
dc.subjectPUBLIC COMPANIES
dc.subjectRECESSION
dc.subjectREGULATOR
dc.subjectREGULATORS
dc.subjectREGULATORY STRUCTURES
dc.subjectRESERVE
dc.subjectRESERVE REQUIREMENTS
dc.subjectRESERVES
dc.subjectRESPONSIBILITIES
dc.subjectRESPONSIBLE INVESTMENT
dc.subjectRETIREMENT
dc.subjectRETIREMENT SAVINGS
dc.subjectRISK MANAGEMENT
dc.subjectRISK TAKING
dc.subjectSAVERS
dc.subjectSAVINGS
dc.subjectSAVINGS SCHEMES
dc.subjectSECURITIES
dc.subjectSENIOR
dc.subjectSHARE OWNERSHIP
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDER INFLUENCE
dc.subjectSHAREHOLDER RIGHTS
dc.subjectSOCIAL PERFORMANCE
dc.subjectSOLVENCY
dc.subjectSTOCK EXCHANGE
dc.subjectSUBSIDIARY
dc.subjectSYSTEMIC RISK
dc.subjectTRADING
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTRUST FUND
dc.subjectTRUSTEE
dc.subjectTRUSTEES
dc.subjectUNION
dc.subjectWORTH
dc.titleTowards an Accountable Capitalismen
dspace.entity.typePublication
okr.date.doiregistration2025-04-29T10:03:47.483244Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2009/01/10612739/towards-accountable-capitalism
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid854141468339905897
okr.identifier.externaldocumentum000333037_20090529012757
okr.identifier.internaldocumentum10612739
okr.identifier.report48664
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/05/29/000333037_20090529012757/Rendered/PDF/486640BRIEF0PS1Box338916B01PUBLIC10.pdfen
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.unitCOA Global Corp Governance Forum (COAGF)
okr.volume1 of 1
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