The Inexorable Evolution of Financialisation
The Inexorable Evolution of Financialisation

Author: Domna M. Michailidou

Publisher: Springer

Published: 2016-04-29

Total Pages: 214

ISBN-13: 1137553642

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Since the 2007 financial crisis, discussion on issues related to the size, spread and frequency of financial crises has captivated a wide variety of audiences. Why has the world economy experienced such a marked increase in financial transactions and private and public indebtedness since the 1980s? How have middle-income developing countries suddenly become a part of this dynamic? And, most importantly, how has the topic of financial crises been featured in households’ daily discussions in both developed and developing parts of the world? Domna Michailidou addresses the questions above through exploring the inexorable evolution of financialisation into financial crisis through the examination of three middle-income countries: Mexico, Brazil and South Korea. Concentrating on emerging economies, and especially choosing three very different economies that all experienced financial crises in the 1990s, this book explores what lessons can be learnt regarding financial fragility, volatility and failure in the wake of capital market liberalisation.

Manias, Panics, and Crashes
Manias, Panics, and Crashes

Author: Robert Z. Aliber

Publisher: Springer Nature

Published: 2023-03-06

Total Pages: 433

ISBN-13: 3031160088

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In the Eighth Edition of this classic text on the financial history of bubbles and crashes, Robert McCauley joins with Robert Aliber in building on Charles Kindleberger's renowned work. McCauley draws on his central banking experience to introduce new chapters on cryptocurrency and the United States as the 21st Century global lender of last resort. He also updates the book's coverage of the recent property bubble in China, as well as providing new perspectives on the US housing bubble of 2003-2006, and the Japanese bubble of the late 1980s. And he gives new attention to the social psychology that leads people to take the risk of investing in Ponzi schemes and asset price bubbles. For the first time in this revised and updated edition, figures highlight key points to ensure that today’s generation of finance and economic researchers, students, practitioners and policy-makers—as well as investors looking to avoid crashes—have access to this panoramic history of financial crisis.

Financialisation
Financialisation

Author: Imad A. Moosa

Publisher: Edward Elgar Publishing

Published: 2023-06-01

Total Pages: 251

ISBN-13: 1803926589

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This timely book explores the measurement and consequences of financialisation, as well as its driving forces, to take a fresh look at reconciling the twin concepts of financialisation and financial development. Imad Moosa provides a critical review of these two separate strands – the individual measures of economic development and financialisation – on the grounds that they are inadequate to represent a multi-dimensional process.

A Concise History of International Finance
A Concise History of International Finance

Author: Larry Neal

Publisher: Cambridge University Press

Published: 2015-10-22

Total Pages: 0

ISBN-13: 9781107621213

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Ever since the financial crisis of 2008, doubts have been raised about the future of capitalism. In this broad-ranging survey of financial capitalism from antiquity to the present, Larry Neal reveals the ways in which the financial innovations throughout history have increased trade and prosperity as well as improving standards of living. These innovations have, however, all too often led to financial crises as a result of the failure of effective coordination among banks, capital markets and governments. The book examines this key interrelationship between financial innovation, government regulation and financial crises across three thousand years, showing through past successes and failures the key factors that underpin any successful recovery and sustain economic growth. The result is both an essential introduction to financial capitalism and also a series of workable solutions that will help both to preserve the gains we have already achieved and to mitigate the dangers of future crises.

Assembling Financialisation
Assembling Financialisation

Author: Zannie Langford

Publisher: Berghahn Books

Published: 2023-10-13

Total Pages: 317

ISBN-13: 1805393820

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Farmers, Indigenous organisations, government and private-sector intermediaries from remote Northern Australia often negotiate with private finance capital to gain funds for agricultural development.The concept of financialisation is used to explore the drivers and effects of agri-food restructuring in the area, while assemblage theory is applied to position local actors as potential sites of power in negotiating connections between local spaces and global finance. This book demonstrates that while financialisation is a useful signifier of patterns of global change, it is assembled by a diverse range of often contradictory work.

Neoliberalism in the Emerging Economy of India
Neoliberalism in the Emerging Economy of India

Author: Byasdeb Dasgupta

Publisher: Routledge

Published: 2021-07-07

Total Pages: 184

ISBN-13: 1000406407

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Neoliberal economic reforms over the last four decades have altered the economic cartography of emerging market economies such as India, particularly in the context of international trade, investment and finance, and in terms of their effects on the real economy. This book examines the issues of financialization, investment climate and the impact of trade liberalization. By analysing these three features of neoliberal reform the book is unique, since it accommodates both a mainstream neoclassical approach and a non-mainstream political economy approach. The major questions answered by this book, cover three basic lines of enquiry pertaining to neoliberal reforms. They are (a) how financialization as a new process affects the real economic health of emerging market economies characterized by globalization; (b) how the changing form of international trade in the new regime impacts upon the informal economy, and employment and trade potential in the home country; and (c) how global investment has shaped the real economy in emerging countries like India. The book will be extremely useful for postgraduate students of international economics, particularly development economics and political economy, including researchers with a keen interest in India.

3-in-1: Governing A Global Financial Centre
3-in-1: Governing A Global Financial Centre

Author: Jun Jie Woo

Publisher: World Scientific

Published: 2017-06-21

Total Pages: 127

ISBN-13: 9813221186

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3-in-1: Governing a Global Financial Centre provides a comprehensive understanding of Singapore's past development and future success as a global financial centre. It focuses on three transformational processes that have determined the city-state's financial sector development and governance — globalisation, financialisation, and centralisation — and their impacts across three areas: the economy, governance, and technology. More importantly, this book takes a multidimensional approach by considering the inter-related and interdependent nature of these three transformational processes. Just like the 3-in-1 coffee mix that is such an ubiquitous feature of everyday life in Singapore, the individual ingredients of Singapore's success as a global financial centre do not act alone, but as an integrated whole that manifests itself in one final product: the global financial centre.

Financialisation in the Automotive Industry
Financialisation in the Automotive Industry

Author: Marcelo José do Carmo

Publisher: Routledge

Published: 2021-07-08

Total Pages: 117

ISBN-13: 1000449343

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Where presidents or members of affluent families were previously seen, it is increasingly the case that car manufacturers are owned by banks and investment funds which have taken control of the entire economic life of these firms. This has significant impact on the terms of employment and layoffs, wages and precarious work, growing inequalities in income strata, compensation levels for executives, and the implementation of short-termist strategies across business operations. This book explores this increasing financialisation – the predominance of the financial sector over the productive sector – in the automotive industry. In particular it is shown that the financial operations of these companies through leasing, insurance, loans and other financial instruments is now much more profitable than the manufacturing aspects of the business, which was originally the raison d’être for these fi rms. The chapters demonstrate how there are great demands to increase the return to shareholders as a main concern, despite other metrics and/ or other stakeholders. The work studies the impact of financialisation at the world’s five largest automakers which together represent almost 50% of car production, providing an exploratory analysis of profitability, shareholder composition, compensation to executives, workers’ salaries, dividend payments to shareholders and employment. Encouraging debate on contemporary economy, this book marks a significant addition to the literature on financialisation, contemporary forms of capitalism, labour and economic sociology more broadly.

The Future of Money
The Future of Money

Author: Mary Mellor

Publisher: Pluto Press

Published: 2010-05-15

Total Pages: 0

ISBN-13: 9780745329949

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As the recent financial crisis has revealed, the state is central to the stability of the money system, while the chaotic privately-owned banks reap the benefits without shouldering the risks. This book argues that money is a public resource that has been hijacked by capitalism. Mary Mellor explores the history of money and modern banking, showing how finance capital has captured bank-created money to enhance speculative leveraged profits as well as destroying collective approaches to economic life. Meanwhile, most individuals, and the public economy, have been mired in debt. To correct this obvious injustice, Mellor proposes a public and democratic future for money. Ways are put forward for structuring the money and banking system to provision societies on an equitable, ecologically sustainable sufficiency basis. This fascinating study of money should be read by all economics students looking for an original analysis of the economy during the current crisis.

Seventeen Contradictions and the End of Capitalism
Seventeen Contradictions and the End of Capitalism

Author: David Harvey

Publisher: Oxford University Press, USA

Published: 2014

Total Pages: 354

ISBN-13: 019936026X

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David Harvey examines the foundational contradictions of capital, and reveals the fatal contradictions that are now inexorably leading to its end