As one senior banker said to me, it's bankers' pay that more than anything else prevents banks from restoring their public reputations - but he didn't have the faintest notion how to align remuneration with what would be widely seen as decent, and thus mend the poisonous relationship between finance and people.
This dissolution of the relationship between economics and finance is a huge problem, because interest rates are the theoretical and practical foundation of all financial valuation.
FORBES: Interest Rates For Dummies: Solving The Interest-Rate Puzzle
And although that may seem blindingly obvious to you now that you just read it, the entire edifice of Modern Portfolio Theory is based on ignoring the relationship between economics and finance.
FORBES: Interest Rates For Dummies: Solving The Interest-Rate Puzzle
Mr Demetriades claimed to have an "excellent" relationship with the minister of finance and a "good" one with the president, though he stressed throughout the interview how little room for manoeuvre he had had since taking the job last May, and how sidelined he had been by a bailout process that had been dictated by politicians at home and abroad.
And to top it all off, Modern Portfolio Theory, which is drilled into the head of every finance major and, more to the point, every Certified Financial Analyst exam taker, tells them that finance has no discernible causal relationship with economics.
FORBES: Interest Rates For Dummies: Solving The Interest-Rate Puzzle
There have been no behavioral finance studies that found a plausible relationship between longer time horizons and less emotional stress during bear markets.
FORBES: A Fighter Pilot's View Of Age-Based Asset Allocation
Liberal Democrat AM Peter Black also criticised the relationship between the charity and government officials as he urged the finance minister to explain how she is addressing this issue with future grant recipients.
Berezovsky, the largest Avtovaz dealer, had the best "personal relationship" imaginable, since the Avtovaz chairman, its head of finance and its head of aftersale service each owned a substantial portion of Logovaz stock.
Though some may see this as an unlikely pairing, the close alignment of IT and finance means that CIOs and CFOs are finding themselves in a significantly more interdependent relationship.
FORBES: CIO, Meet The CFO: 5 Ways To Get More From Your Cloud
One medical student interested in applying cold called a few finance professors and created his own valuation technique, using a formula including the relationship between the number of Facebook friends and the average product price.
The talks may well be seen as the climax of weeks of discussion between the banks and ministers to reach some kind of repair of their uneasy relationship - although it is looking increasingly unlikely that a deal on bonuses and small business finance will be struck before Christmas.
Indeed, as shown by a simple yet nifty study by Marc Orlitzky, recently published in Business Ethics Quarterly, articles published on this topic in Management journals report a statistical relationship between the two variables which is about twice as big as the ones reported in Economics, Finance, or Accounting journals.
FORBES: Publication Bias (or, Why You Can't Trust Any of the Research You Read)
While the US relationship with the Islamic world has suffered from the recent inflammatory anti-Islamic film, values-based finance has emerged as an unlikely, yet significant point of connection.
FORBES: Why Socially Responsible Investing And Islamic Finance Is On The Rise
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