Showing 1 - 10 of 106
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/10010281714
Financialization is a process whereby financial markets, financial institutions, and financial elites gain greater … influence over economic policy and economic outcomes. Financialization transforms the functioning of economic systems at both … contribute to wage stagnation. Additionally, there are reasons to believe that financialization may put the economy at risk of …
Persistent link: https://www.econbiz.de/10010266625
This paper presents a 3x3 general equilibrium model of an OLGeconomy with technological uncertainty, heterogeneous agents and quasi-homothetic preferences to analyze structural change between the real and the financial sector as well as within the financial sector. Besides the consumption and...
Persistent link: https://www.econbiz.de/10011420552
term financialization and presents some stylized facts which highlight the rise of finance. Then, it proceeds by briefly … financialization and the finance-led growth regime. The last section provides a comparative summary. While the basic narrative in all …Since the 1980s, the financial sector and its role have increased significantly. This development is often referred to …
Persistent link: https://www.econbiz.de/10011461711
Many heterodox strands of thought share both a concern with the study of different phases or growth regimes in the history of capitalism and the use of formal short-run models as an analytical tool. This text suggests that: (1) this strategy is potentially misleading; (2) that the stock-flow...
Persistent link: https://www.econbiz.de/10010276453
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/10010281706
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/10010281712
financial sector to claim an ever-rising proportion of national income-what is sometimes called 'financialization'-as the …
Persistent link: https://www.econbiz.de/10010281715
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/10010281741
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/10010286509