| cet GHANA INSTITUTE OF MANAGEMENT AND PUBLIC ADMINISTRATION (GIMPA) SCHOOL OF LIBERAL ARTS AND SOCIAL SCIENCES DEPARTMENT OF ECONOMICS TITLE OF PAPER: ECO 7498: ETHICS AND FINANCIAL REGULATIONS LEVEL: MASTER LEVEL STUDENTS IN ECONOMICS DEPARTMENT DATE: 4TH JUNE 2022 EXAMINER: KOFI EYESON TIME ALLOWED: THREE HOURS INSTRUCTIONS 1, Close book exam, 2. Answer FOUR questions in all, One question in each section with the respective allocated marks. 3. Supply the examiner with only answers to the questions, INDEX NUMBER... EXAMINATION QUESTIONS (ECO7495 — June 4, 2022)ee Answer Four (4) Questions in all: One (1) Question from each Section Section A 1, Discuss and critically evaluate the normative ethical theory (5 marks) and relative ethical theory (5 marks) and how they apply to financial regulation policy ‘Objectives (5 marks) — 15 marks 2, Discuss the concepts of ethical egoism (5 marks) and psychological egoism (5 ‘marks) and explain how they can be applied to office holders with Fiduciary Tesponsibilites (5 marks) - 15 marks Section B 3. Explain the concept of market failure in financial regulation (5 marks) and justify he objectives of micro-based concept (5 marks) and the objectives of macro~ tbased concept (S marks) — 15 marks 4, Discuss the theories of aging concern financial regulation (5 marks) and gone concer financial regulation (5 marks) and explain how they can be applied to ‘goals of regulatory theory (5 marks) in financial regulation, - 15 marks ‘Section C '5, Discuss the three pillars unvtor Basel TL (6 marks) and reasons for the transition from Basel I to Basel TI (1 marks) -10 marks 6, Discuss the central bank's role of lender of last resort and rules of institutional and calateral eligiiity -10 marks, Section D ’ A. State (5 marks) and ethically explain (5 marks) the context of emerging technologies in Finan the five principles of regulation in \Gal regulation — 10 marks 7. Discuss the advantages of Cryptocurrencies ( CCryptocurrencias (5 marks) ~ 10 marks “point, 1 mark (5 marks) and disadvantages of