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Since the death of Hyman Minsky in 1996, much has been written about financialization. This paper explores the issues … that Minsky examined in the last decade of his life and considers their relationship to that financialization literature … how Minsky’s observations and framework represent a major contribution to the study of financialization. Part IV …
Persistent link: https://www.econbiz.de/10011695553
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Since Hyman Minsky’s death in 1996, much has been written about financialization. This article - by means of the … decade of his life and considers their relationship to the financialization literature. At the heart of those issues is what … contributed to - indeed, anticipated much of - the study of financialization. The article also identifies two sources of Minsky …
Persistent link: https://www.econbiz.de/10011865444
A new literature on housing and financialization has emerged in recent years, but scholars have yet to examine how … political actors shape national trajectories of housing financialization. In this article, we address this shortcoming by … housing financialization. Russian political elites pursued patrimonial statecraft strategies and a mode of global economic …
Persistent link: https://www.econbiz.de/10012131366
Persistent link: https://www.econbiz.de/10014312912
The financialization hypothesis (FH) is a popular leitmotiv which argues that the financial system conquers the …
Persistent link: https://www.econbiz.de/10014434294
functional income distribution in an environment of financialization. Following this approach, we expect financialization to …
Persistent link: https://www.econbiz.de/10014502305
The underpricing phenomenon of Initial Public Offerings (IPOs) has been widely studied across different stock markets around the world and has often been explained to be as a result of asymmetrically distributed information and ex-ante uncertainty. However, as Ritter and Welch (2002) argue to...
Persistent link: https://www.econbiz.de/10010296589
Recent empirical research suggests that measures of investor sentiment have predictive power for future stock returns over the intermediate and long term. Given the widespread publication of sentiment indicators, smart investors should trade on the information conveyed by such indicators and...
Persistent link: https://www.econbiz.de/10010304437
We find that investor sentiment should affect a firm's employment policy in a world with moral hazard and noise traders. Consistent with the model's predictions, we show that higher sentiment among US investors leads to: (1) higher employment growth worldwide; (2) lower labor productivity, as the...
Persistent link: https://www.econbiz.de/10011288389