This study analyzes the long-term effects of financialization and financial development on investment and growth by using data of OECD countries since the 1970s. The panel cointegration approach is adopted to investigate the long-run effects of these variables. Estimation results show evidence...

In this paper, I connect a temporality of finance capitalism to the urban frontier of the global economy, both in the first and third worlds. As the "metabolism of global exchange" (Harvey 1985) advances and recedes, consuming and excreting diverse worlds, I focus on the relation between...

The appreciation of the consequences of financial globalization is an important task for contemporary political economy. This paper maintains that industrial and macroeconomic instability faced by many developed and developing countries is likely to be attributed, to an extent, to changes in...

Der laut Cicero wichtigste Ökonom Deutschlands analysiert die aktuelle Finanzkrise. Er erklärt, warum Banker zu Glücksrittern wurden, und hinterfragt die zweifelhafte Rolle der Rating-Agenturen sowie das Engagement der deutschen Banken. Sinn blickt jedoch nicht nur zurück, sondern benennt...