Showing 1 - 10 of 88
Access to safe water is necessary for lives and livelihoods. In India, a mid-term assessment reveals that the country … has already met its MDG (Millennium Development Goal) in terms of expanding access to water infrastructure although in the … water supply coverage is not as good as the figures show while national sanitation continues to be poor even after almost …
Persistent link: https://www.econbiz.de/10010293264
-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tighening of …
Persistent link: https://www.econbiz.de/10010500212
savings into future consumption possibilities. The financial market provides deposits and an incomplete set of securities …
Persistent link: https://www.econbiz.de/10011420552
This article examines the spread of financialization in Germany before the financial crisis. It provides an up-to date … overview on the literature on financialization and reviews which of the phenomena typically associated with financialization … changes had contributed to or had countervailed the spread of financialization and how it had shaped the specific German …
Persistent link: https://www.econbiz.de/10012061719
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
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
as financialization. Authors working in the heterodox tradition have raised the question whether the changing role of … term financialization and presents some stylized facts which highlight the rise of finance. Then, it proceeds by briefly … Marxian tradition are reviewed which consider financialization as the latest stage of capitalism. They highlight the …
Persistent link: https://www.econbiz.de/10011461711
This paper contributes to the financialization literature exploring the dynamics of financialization in eight emerging … accumulation of foreign liabilities. Foreign financial flows in Russia were not as significant for the process of financialization …, but rather the state itself. In this paper we identify two types of financialization: 'foreign-finance-led' and 'state …
Persistent link: https://www.econbiz.de/10013261389
We contribute to the study of the conceptualization and measurement of the rate of profit of the financial and nonfinancial sectors. We assemble a new data set for the US economy to construct measures of the profit rate for each sector: the return on equity, the return on assets, and the...
Persistent link: https://www.econbiz.de/10013269258
Since the 2008 crisis, the economics literature has shown a renewed interest in Keynes's "beauty contest" (BC) as a fundamental aspect of the functioning of financial markets. We argue that to understand the importance of the BC, psychological and informational factors are of small importance,...
Persistent link: https://www.econbiz.de/10012610200