Influencing the social impact of financial systems: alternative strategies.
The social impact of the global financial crisis brought global and domestic financial systems into public focus. While over the last ten years governments have introduced a range of regulatory reforms, there are still low levels of public trust in financial sectors, and academics continue to expres...
| Published in: | International Affairs Vol. 96; no. 2; pp. 501 - 516 |
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| Format: | Article |
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Oxford University Press / USA
Mar2020
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| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=142139629&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 142139629 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00205850 INA jtl: International Affairs issn: 00205850 maglogo: N pubinfo: dt: Mar2020 vid: 96 iid: 2 pid: 622 pub: Oxford University Press / USA artinfo: ui: 142139629 10.1093/ia/iiz256 ppf: 501 ppct: 15 formats: fmt: – @attributes: type: T db: hlh ui: 142139629 – @attributes: type: P db: hlh ui: 142139629 tig: atl: Influencing the social impact of financial systems: alternative strategies. aug: au: Sim, Lee-Anne su: Social values Financial crises Social impact Finance Global Financial Crisis, 2008-2009 Financial services industry sug: subj: Social values Financial crises Social impact Consumer Lending Finance Global Financial Crisis, 2008-2009 Financial services industry keyword: culture and IR culture and politics financial crises financial regulation global governance human rights social justice culture and IR culture and politics financial crises financial regulation global governance human rights social justice ab: The social impact of the global financial crisis brought global and domestic financial systems into public focus. While over the last ten years governments have introduced a range of regulatory reforms, there are still low levels of public trust in financial sectors, and academics continue to express their concerns about financial systems and their desire for more influence. This is particularly the case for those framing their evaluation of the quality of financial systems in terms of social values. This article offers those seeking more influence over the social values of financial systems, a fresh perspective on their available strategic options for influencing outcomes. It argues that they should consider strategies aimed at making allies of financial sectors and regulators in influencing change. The main advantage of these alliance strategies is that they address key constraints to influence, as identified in existing scholarship, which are difficult to relax because they are tied to features inherent in financial systems. By addressing these constraints, alliance strategies could increase the likelihood that financial system outcomes align more closely with their preferred social values. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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