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The increasing dominance of finance starting in the late 1970s/early 1980s in the US and the UK, and somewhat later in other countries, was associated with two fundamental and structural processes generating the contradictions of this phase of development and finally the financial and economic...
Persistent link: https://www.econbiz.de/10011431645
Financialisation in Iceland should be seen as an evolving process driven by a mixture of global and domestic forces …. Following the 2008 financial meltdown, which was triggered by excessive growth of the financial sector, financialisation in … Iceland has reversed to a degree, allowing for a shift away from financial-led towards increasingly export-led growth. …
Persistent link: https://www.econbiz.de/10011310222
Financialisation in Iceland should be seen as an evolving process driven by a mixture of global and domestic forces …. Following the 2008 financial meltdown, which was triggered by excessive growth of the financial sector, financialisation in … Iceland has reversed to a degree, allowing for a shift away from financial-led towards increasingly export-led growth. …
Persistent link: https://www.econbiz.de/10014363274
the financial sector and the non-financial sectors of the economy associated with 'financialisation' on distribution … financialisation to the macroeconomy: first, the effect on income distribution, second, the effects on investment in capital stock … financialisation, short- to medium-run dynamic 'profits without investment' regimes may emerge, which can be driven by flourishing …
Persistent link: https://www.econbiz.de/10010242861
This paper applies Hyman Minsky’s approach to provide an analysis of the causes of the global financial crisis. Rather than finding the origins in recent developments, this paper links the crisis to the long-term transformation of the economy from a robust financial structure in the 1950s to...
Persistent link: https://www.econbiz.de/10003943049
This paper applies Hyman Minsky's approach to provide an analysis of the causes of the global financial crisis. Rather than finding the origins in recent developments, this paper links the crisis to the long-term transformation of the economy from a robust financial structure in the 1950s to the...
Persistent link: https://www.econbiz.de/10013156084
This study on Germany examines the long-run changes between the financial and the non-financial sectors of the economy, and in particular the effects of these changes on the macroeconomic developments that have led or contributed to the financial crisis starting in 2007 and the Great Recession...
Persistent link: https://www.econbiz.de/10010433934
" in public opinion. This paper interprets the German performance against the background of financialisation. After an … examination of the pre-crisis demand and growth regime, the focus is on how financialisation has contributed to the German 'export …
Persistent link: https://www.econbiz.de/10010393475
This paper analyses the long-run effects of financialisation and of the recent financial and economic crises for 15 … financialisation, namely a debtled private demand boom, an export-led mercantilist, and a domestic demand-led regime. We then take a …
Persistent link: https://www.econbiz.de/10011311194
Since the early 1980s, financialisation has become an increasingly important trend in developed capitalist countries … financialisation-distribution nexus is examined for the three countries. Third, macroeconomic demand and growth regimes are analysed …
Persistent link: https://www.econbiz.de/10011844758