Subasat, Turan; Maurudeas, Stauros - In: World review of political economy : journal of the … 14 (2023) 2, pp. 204-233
The financialization hypothesis (FH) is a popular leitmotiv which argues that the financial system conquers the … dominate it. The FH bases this argument on several empirical claims concerning the size and the strategic role of financial … the importance of novel financial instruments, misunderstands their function and, thus, fails to situate the role of …