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We test the impact of investor sentiment on a panel of international stock markets. Specifically, we examine the influence of investor sentiment on the probability of stock market crises. We find that investor sentiment increases the probability of occurrence of stock market crises within a...
Persistent link: https://www.econbiz.de/10008790351
The object of this paper is to analyse the links between income distribution and growth in a finance-led economy, with a post Keynesian "stock-flow" macroeconomic model. In fact, the increased share of financial activities creates a new macroeconomic and income distribution dynamic. We will use...
Persistent link: https://www.econbiz.de/10010750426
Financialization refers to the over-arching presence of the interest of global finance in every sphere of economic life … - be it real or financial. Neo-liberalism, globalisation and financialization are three distinct yet mutually inter … globalisation and financialization through which present day global capitalism wants to thrive. So, an alternative needs to be …
Persistent link: https://www.econbiz.de/10010899771
restructing. We focus in particular on the role of financialization and industrial concentration of the firms. …
Persistent link: https://www.econbiz.de/10010635060
The absence of specifically dedicated method to represent financialized capitalism constitutes a significant gap in contemporary macroeconomic modelling considering the impact of finance on the rules of wealth production and distribution. From both the lessons of Regulation theory in terms of...
Persistent link: https://www.econbiz.de/10008793550