Massó, M and Pérez-Yruela, M (2017) La financiarización en España: ¿la emergencia de un nuevo modelo de acumulación? / Financialisation in Spain: The Emergence of a New Accumulation Model? Revista Española de Investigaciones Sociológicas, 157. pp. 104-121. ISSN 0210-5233
Abstract
The concept of financialisation is being widely used to describe certain structural changes in advanced capitalist economies. The main approaches to this concept are discussed in this paper. Firstly, the causes of the financial expansion that are synthesised in innovation, liquidifi cation and deregulation processes are identified; secondly, the indicators concerning these processes relative to the structure of the balance sheet and profit and loss account of the main economic actors are empirically analysed for the Spanish case. The results of the analysis show a trend consistent with all capitalist economies, in which financial capital gains increase not only when the net profits of companies rise, but also when they collapse in a context of severe economic crisis and high unemployment.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Keywords: | Economic Crisis • Financial Markets • Financial Policy • Business Income • Financial Sector |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Education, Social Sciences and Law (Leeds) > School of Sociology and Social Policy (Leeds) |
Funding Information: | Funder Grant number EU - European Union 746622 |
Depositing User: | Symplectic Publications |
Date Deposited: | 20 Nov 2017 16:45 |
Last Modified: | 20 Nov 2017 16:45 |
Status: | Published |
Publisher: | Centro de Investigaciones Sociologicas (CIS) |
Identification Number: | 10.5477/cis/reis.157.103 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:124261 |