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This paper begins by defining, and distinguishing between, money and finance, and addresses alternative ways of … financing spending. We next examine the role played by financial institutions (e.g., banks) in the provision of finance. The … role of government as both regulator of private institutions and provider of finance is also discussed, and related topics …
Persistent link: https://www.econbiz.de/10008854453
private sector debt in the United States and many other countries, financialization of the global economy (itself a very …
Persistent link: https://www.econbiz.de/10010539728
subsistence spending. But today's budgets are dominated by payments to the finance, insurance, and real estate (FIRE) sector and … off property and onto employment and retail sales spurs the financialization of family and business budgets as tax cuts on …
Persistent link: https://www.econbiz.de/10009395383
debt ridden—a contagion that now threatens to move into Brazil and other BRIC countries as banks seek to finance buyouts …
Persistent link: https://www.econbiz.de/10008693145
The aim of this paper is to develop a structural explanation of the subprime mortgage crisis, grounded on the combination of two apparently incompatible financial theories: the financial instability hypothesis by Hyman P. Minsky and the theory of capital market inflation by Jan Toporowski. Our...
Persistent link: https://www.econbiz.de/10010757313
financial sector to claim an ever-rising proportion of national income—what is sometimes called "financialization"—as the …
Persistent link: https://www.econbiz.de/10008629630
The 2008 global financial crisis was the consequence of the process (1) of financialization, or the creation of massive …
Persistent link: https://www.econbiz.de/10008679830
For the past decade, the U.S. economy has been driven not by industrial investment but by a real estate bubble. Although the United States may seem to be the leading example of industrial capitalism, its economy is no longer based mainly on investing in capital goods to employ labor to produce...
Persistent link: https://www.econbiz.de/10008679875
Financialization creates space for the financial sector in economies, and in doing so helps to raise the share of … finance on their part. This paper traces the above pattern in corporate holdings of assets and its implications, with emphasis …
Persistent link: https://www.econbiz.de/10011122633
innovation was reducing costs but breeding monopolies as the finance, insurance, and real estate (FIRE) sectors joined forces to … finance robber barons who had no better use of their wealth than to reduce great artworks to the status of ownership trophies …
Persistent link: https://www.econbiz.de/10010693310