Sawyer, MC (2014) What is financialization? International Journal of Political Economy: a journal of translations, 42 (4). 1. 5 - 18 (14). ISSN 0891-1916
Abstract
The paper seeks to distinguish between two broad perspectives on financialisation. The first, taking the view that financialisation relates to the growth of the financial sector in its operations, power etc.. On that basis, financialisation has been proceeding with ups and downs for possibly thousands of years. The specific forms which financialisation may have taken in the past few decades are outlined. The findings from mainstream economics literature on one aspect of financialisation (growth of bank deposits, growth of stock markets) and economic growth are reviewed. The second perspective views financialisation (financialised capitalism) as a stage or epoch of capitalism dating from circa 1980.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2014, ME Sharpe. This is an author produced version of a paper published in International Journal of Political Economy. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Epochs of capitalism; financialization; financial liberalization |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Economics Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 15 Jan 2015 12:39 |
Last Modified: | 02 Jul 2016 00:59 |
Published Version: | http://dx.doi.org/10.2753/IJP0891-1916420401 |
Status: | Published |
Publisher: | ME Sharpe |
Identification Number: | 10.2753/IJP0891-1916420401 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:82350 |