Extending Financialisation and Increasing Fragility of the Financial System

Arbeitspapier

Financialisation is a complex and dynamic process of enlarging the monetary and financial relations in economy and society. This paper deals with the analysis of the financial market structure such as: the role and magnitude of financial sectors, the dynamics of the banking sector versus the stock market and the rising role of the shadow banking sector. Also it explains and analyses the ways and modalities to develop financialisation by growing the public and private indebtedness, extension of the securitisation process and using the financial derivatives on a large scale. Considered endogenous factors, they all increase the fragility of the financial system.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Papers ; No. 130307

Classification and Topics

• Classification: Wirtschaft ; Financial Markets and the Macroeconomy ; Financial Crises ; General Financial Markets: Government Policy and Regulation ; Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors ; Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies ; Financial Institutions and Services: Government Policy and Regulation ; Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
• Subject: financialisation ; financial sector ; stock market ; shadow banking ; indebtedness ; financial innovation ; securitisation ; financial derivatives

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Iancu, Aurel
• Event: Veröffentlichung
• (who): Romanian Academy, National Institute for Economic Research
• (where): Bucharest
• (when): 2013

Further information

• Handle: http://hdl.handle.net/10419/110442
• Last update: 10.03.2025, 11:42 AM CET