Skip to main content

Banking Crisis caused by Greed and Fear

Professor Brian Scott-Quinn has described the ultimate cause of the banking crisis with the words: ?greed and fear'

In his interview with Project Manager Today magazine, Professor Scott-Quinn cited many other factors of the world banking system that had inevitably contributed to this crisis we are experiencing. He went on to say that simply reversing the problems that have been caused would not prevent future ones.

He added that markets have always been seen as rational, and that ?If rational expectations are not an adequate model of reality, then policy must take account of actual human nature and not be based on ?rational human man''

For the full article please click here.

Published 7 August 2009

You might also like

Stock Market Challenge 2019

5 July 2019
On Monday 24th June, the annual Stock Market Challenge was held at the ICMA Centre. Year 12 students from 10 schools across the UK worked in teams, taking on the role of traders.
Press releases

Tsinghua University PBC School of Finance Summer Program Scholarship 2015

12 February 2015
Do you want an opportunity to visit and study in China for two weeks this Summer?

Can we predict when football managers are no longer effective?

7 August 2019
As the new football season commences, the media is speculating on who will be the first manager to be sacked. Whilst economists have used their models to predict football events, academics from the ICMA Centre have developed a model to see if they could predict when a football manager is no longer being effective.
Business News