Banking risk in the Middle Ages and modern society

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Banking risk in the Middle Ages and modern society

Show simple item record Winther Pedersen, Nils 2015-05-22T09:44:31Z 2015-05-22T09:44:31Z 2015-05-22
dc.description.abstract Abstract: The concept of risk has today become a ubiquitous concept within the banking sector ranging from financial risk to liquidity risk and reputational risk. The concept of risk saturates the entire banking sector but leaves an ambiguity about what the concept really means behind. The ambiguity concerns how the concept of risk, on the one hand, involves reining the uncertainty of the future as best as possible while, on the other hand, involves profitable and high-yielding possibilities. The focus of this thesis is to explore and understand the concept of risk in the banking sector in order to grasp the meaning of the concept and discern the particular emphasis on the concept in the banking sector. Through the use of systems theory, the thesis investigates the origination and development of risk in the banking sector in the Middle ages and in modern society. The thesis investigates how risk is handled in the social communication of the two periods and analyses how the concept of risk performs a function in banking communication in periods of a new and changing environment of economic activities. The argument brought forward is that the concept of risk in the banking sector embeds a particular economic meaningfulness about how to handle the future. In the modern banking sector, decisions about the future are decided against the background of complex economic contingency and, at the same time, on a confidence in the ability of probabilistic techniques to uncover the reduction of risk. Thus, the current emphasis on risk in the banking sector concerns not so much whether there is more banking risk today than in previous times but more that the banking sector today increasingly communicates about the future and thus risk. en_US
dc.format.extent 102 s. en_US
dc.language eng en_US
dc.subject.other Kandidatafhandlinger en_US
dc.title Banking risk in the Middle Ages and modern society en_US
dc.type mop en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.corporationshort Department of Business and Politics. DBP en_US
dc.contributor.department MSc in International Business and Politics (cand.merc.(pol.)) en_US
dc.contributor.departmentshort 24 en_US
dc.description.notes Cand.merc.(pol.) en_US
dc.publisher.year 2014 en_US Frederiksberg en_US
dc.title.subtitle A social systems approach to banking risk en_US

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