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Public accountability and parliamentary scrutiny in finance

Barrett, Sean, Corbet, Shaen orcid logoORCID: 0000-0001-7430-7417 and Larkin, Charles orcid logoORCID: 0000-0002-0352-2504 (2019) Public accountability and parliamentary scrutiny in finance. European Journal of Risk Regulation, 11 (1). pp. 94-108. ISSN 1867-299X

Abstract
The purpose of parliament is to present a discussion of policy in a fashion that will bring about a consensus that results in collective action. Such a collective action serves the common good of the state, although second-order effects and Pareto optimality is difficult to obtain, if not impossible. Parliament attempts to address the second-best world in a socially optimal fashion. As such accountability and scrutiny are the key tools through which such a body can address the challenges faced by a financial sector faced with profound difficulties. Such accountability is of paramount importance to provide sustainable public trust in parliament.
Metadata
Item Type:Article (Published)
Refereed:Yes
Uncontrolled Keywords:Public Accountability; Financial Crisis; Banking Crisis; Public Inquiry
Subjects:Business > Finance
DCU Faculties and Centres:DCU Faculties and Schools > DCU Business School
Publisher:Cambridge University Press
Official URL:http://dx.doi.org/10.1017/err.2019.62
Copyright Information:© 2019 Cambridge University Press. CC BY-NC-ND
ID Code:25050
Deposited On:01 Oct 2020 11:50 by Thomas Murtagh . Last Modified 01 Oct 2020 11:50
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