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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
The world's worst economic crisis since the 1930s is now well into its third year. All sorts of explanations have been proffered for the causes of the crisis, from lax regulation and oversight to excessive global liquidity. Unfortunately, these narratives do not take into account the systemic...
Persistent link: https://www.econbiz.de/10008933495
By tracing the history of the links of financialization to consumer behaviors and marketer actions in the 20th century, this paper aims to show that consumer market phenomena are often shaped by the imperatives of finance. The paper employs selective historical overviews, mainly focusing on the...
Persistent link: https://www.econbiz.de/10013097548
The large inflow of investment capital to commodity futures markets in the last decade has generated a heated debate about whether financialization distorts commodity prices. Rather than focusing on the opposing views concerning whether investment flows either did or did not cause a price...
Persistent link: https://www.econbiz.de/10013073400
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
markets financialisation. The empirical analysis presented here supports the claim that since 2005 commodity markets have been … from 2005 to 2011 signaling the process of financialisation. Additional conclusions are drawn regarding the stability of …
Persistent link: https://www.econbiz.de/10013003293
This paper conducts a time series econometric analysis in order to empirically evaluate the role of financialisation in … economy faced a financialisation phenomenon due to the European integration process and the corresponding imposition of a … phenomenon of financialisation has impaired labour productivity, namely weak economic performance, the fall in labour's share of …
Persistent link: https://www.econbiz.de/10013175143
Turkey's economic crisis in 2018-2019, while elaborating the phases of Turkish financialisation. It locates the slow …-motion drift of Turkish economy within the context of dependent financialisation and argues that a long-term account is needed to …
Persistent link: https://www.econbiz.de/10012018970
This paper develops a neo-Kaleckian dynamical model that investigates how an increased financial instability affects the investment rate and the wage share of income in the long run. It is shown that a rising benchmark interest rate affects negatively the capital accumulation and the wage share...
Persistent link: https://www.econbiz.de/10011865748
financialisation, stressing only the basic conceptual options and their implications. The analysis starts from the quantitative aspects … understandings of the meaning and role of financialisation. The second part sketches the conceptual path that leads from the early … between financialisation and sustainability from the synchronic point of view (section 9), and then from the diachronic point …
Persistent link: https://www.econbiz.de/10010933413