FERMiers Required: Applying Watershed Governance to Banking and Finance

dc.contributor.authorSelmier, W. Travis
dc.date.accessioned2016-11-14T21:08:25Z
dc.date.available2016-11-14T21:08:25Z
dc.date.issued2016en_US
dc.description.abstract"This paper conceptualizes financial markets as virtual environments which should be subject to stewardship requirements found in natural environments. As in natural environments, irresponsible self-governance and lax or off-target regulation result in environmental damage and social loss. Watershed governance is proposed as the best-fitting analogy to financial markets governance for seven reasons: 1, scaling the watershed analogy from small to large fits well with financial markets; 2, both consist of a variety of users who 3, tap hydrologic [capital] resources for many different uses. 4, financial markets, like watersheds, are made up of private, club, common pool and public goods, and 5, may be better-managed through polycentric institutions with a range of public-private governance arrangements. 6, governmental, private sector and mixed agents seek to support and manage [sustainable] exploitation in each. 7, environmental degradation comparisons are robust. Upstream-downstream interlinkage and cross-border riparian negotiations in combination with financial market cases illustrate challenging financial market governance issues."en_US
dc.identifier.citationjournalInternational Journal of the Commonsen_US
dc.identifier.citationnumber2en_US
dc.identifier.citationpages1119-1143en_US
dc.identifier.citationvolume10en_US
dc.identifier.urihttps://hdl.handle.net/10535/10187
dc.languageEnglishen_US
dc.subjectbankingen_US
dc.subjectbusiness and financeen_US
dc.subjectgovernance and politicsen_US
dc.subjectpolycentricityen_US
dc.subjectproperty rightsen_US
dc.subjectwater managementen_US
dc.subjectwatershedsen_US
dc.subject.sectorTheoryen_US
dc.titleFERMiers Required: Applying Watershed Governance to Banking and Financeen_US
dc.typeJournal Articleen_US
dc.type.methodologyTheoryen_US
dc.type.publishedpublisheden_US

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