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 …

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 …

This paper explores from a historical perspective the process of financialization over the course of the 20th century …. We identify four phases of financialization: the first, from the 1900s to 1933 (early financialization); the second, from … early 1970s and leads to the Great Recession (complex financialization). Our findings indicate that the main features of the …

Financialization creates space for the financial sector in economies, and in doing so helps to raise the share of …