Financialization

Financialization
Author: T. Palley
Publisher: Springer
Total Pages: 238
Release: 2016-04-30
Genre: Business & Economics
ISBN: 1137265825

The term financialization is a term that has become popular to describe developments within the global economy, and particularly within developed industrialized economies, over the past thirty years. The book is divided into four sections, which together give a comprehensive treatment of the economics and political economy of financialization.

The Financialization of Housing

The Financialization of Housing
Author: Manuel B. Aalbers
Publisher: Routledge
Total Pages: 184
Release: 2016-05-05
Genre: Business & Economics
ISBN: 1317361784

Due to the financialization of housing in today’s market, housing risks are increasingly becoming financial risks. Financialization refers to the increasing dominance of financial actors, markets, practices, measurements and narratives. It also refers to the resulting structural transformation of economies, firms, states and households. This book asserts the centrality of housing to the contemporary capitalist political economy and places housing at the centre of the financialization debate. A global wall of money is looking for High-Quality Collateral (HQC) investments, and housing is one of the few asset classes considered HQC. This explains why housing is increasingly becoming financialized, but it does not explain its timing, politics and geography. Presenting a diverse range of case studies from the US, the UK, the Netherlands, Germany, Italy and Spain, the chapters in this book include coverage of the role of the state as the driver of financialization processes, and the part played by local and national histories and institutions. This cutting edge volume will pave the way for future research in the area. Where housing used to be something "local" or "national", the two-way coupling of housing to finance has been one crucial element in the recent crisis. It is time to reconsider the financialization of both homeownership and social housing. This book will be of interest to those who study international economics, economic geography and financialization.

Financialization

Financialization
Author: Chris Hann
Publisher: Berghahn Books
Total Pages: 358
Release: 2020-08-01
Genre: Business & Economics
ISBN: 1789207525

Beginning with an original historical vision of financialization in human history, this volume then continues with a rich set of contemporary ethnographic case studies from Europe, Asia and Africa. Authors explore the ways in which finance inserts itself into relationships of class and kinship, how it adapts to non-Western religious traditions, and how it reconfigures legal and ecological dimensions of social organization, and urban social relations in general. Central themes include the indebtedness of individuals and households, the impact of digital technologies, the struggle for housing, financial education, and political contestation.

The Routledge International Handbook of Financialization

The Routledge International Handbook of Financialization
Author: Philip Mader
Publisher: Routledge
Total Pages: 584
Release: 2020-02-05
Genre: Business & Economics
ISBN: 1351390368

Financialization has become the go-to term for scholars grappling with the growth of finance. This Handbook offers the first comprehensive survey of the scholarship on financialization, connecting finance with changes in politics, technology, culture, society and the economy. It takes stock of the diverse avenues of research that comprise financialization studies and the contributions they have made to understanding the changes in contemporary societies driven by the rise of finance. The chapters chart the field’s evolution from research describing and critiquing the manifestations of financialization towards scholarship that pinpoints the driving forces, mechanisms and boundaries of financialization. Written for researchers and students not only in economics but from across the social sciences and the humanities, this book offers a decidedly global and pluri-disciplinary view on financialization for those who are looking to understand the changing face of finance and its consequences.

Financialization and the World Economy

Financialization and the World Economy
Author: Gerald A. Epstein
Publisher: Edward Elgar Publishing
Total Pages: 472
Release: 2005-01-01
Genre: Business & Economics
ISBN: 9781781008263

The final section offers ideas for policy responses, including capital controls and securities transaction taxes."--BOOK JACKET.

Financialization as Welfare

Financialization as Welfare
Author: Philipp Golka
Publisher: Springer
Total Pages: 275
Release: 2019-01-08
Genre: Social Science
ISBN: 3030061000

Providing an in-depth case study on the emergence of social impact investing in the UK, this book develops a new perspective on financialization processes that highlights the roles of non-financial actors. In contrast to the common view that impact investing gears finance toward the solution of social problems, the author analyzes how these investments create new problems and inequalities. To explain how social impact investing became popular in British social policy despite its unclear effectiveness, the author focuses on cooperative relations between institutional entrepreneurs from finance and various non-financial actors. Drawing on field theory, he shows how seemingly unrelated social transformations – such as HM Treasury's expanding role in public service reform – may act as resonance spaces for the spread of finance. Opening up a new perspective on financialization processes in the terrain of public policy, this book invites readers to refocus scholarship on capitalist dynamics to the meso-level. Based on this analysis, the author also proposes ways to transform social impact investing to increase its potential for reducing global inequalities.

Cultures of Financialization

Cultures of Financialization
Author: M. Haiven
Publisher: Springer
Total Pages: 301
Release: 2014-10-10
Genre: Social Science
ISBN: 1137355972

Drawing on a wide range of case studies, Cultures of Financialization argues that, in our age of crisis, the global economy is more invested than ever in culture and the imagination. We must take the idea of 'fictitious capital' seriously as a way to understand the power of finance, and what might be done to stop it.

Financialization and the US Economy

Financialization and the US Economy
Author: È Orhangazi
Publisher: Edward Elgar Publishing
Total Pages: 177
Release: 2008-01-01
Genre: Business & Economics
ISBN: 1848440162

Profound transformations have taken place both in the US and the global economy, most especially in the realm of finance. This title brings together a comprehensive analysis of financialization in the US economy that encompasses historical, theoretical, and empirical sides of the issues.

Profiting Without Producing

Profiting Without Producing
Author: Costas Lapavitsas
Publisher: Verso Books
Total Pages: 417
Release: 2014-01-14
Genre: Political Science
ISBN: 178168197X

Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing puts forth a distinctive view defining financialization in terms of the fundamental conduct of non-financial enterprises, banks and households. Its most prominent feature is the rise of financial profit, in part extracted from households through financial expropriation. Financialized capitalism is also prone to crises, none greater than the gigantic turmoil that began in 2007. Using abundant empirical data, the book establishes the causes of the crisis and discusses the options broadly available for controlling finance.