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Digital Economy Financial Applications
2021The article presents discussion on innovative transformation of financial instruments, which definitions, classification, and role in the economy have remained debatable. In the face of changes in the economy under the influence of the coronavirus pandemic, the technological transformation of the business and the introduction of more stringent ...
Galina S. Panova, Dmitry V. Panov
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Financialization of the Economy
Annual Review of Sociology, 2015Financialization refers to the increasing importance of finance, financial markets, and financial institutions to the workings of the economy. This article reviews evidence on the causes and consequences of financialization in the United States and around the world, with particular attention to the spread of financial markets.
Gerald F. Davis, Suntae Kim
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Political Economy of Financial Crisis Duration
SSRN Electronic Journal, 2021En las últimas cuatro décadas, las crisis bancarias en todo el mundo se han prolongado. Esto, junto con las respuestas gubernamentales sin precedentes a la Gran Recesión de 2007/08, ha llevado a una pregunta crítica sobre si las decisiones políticas fueron de alguna manera culpables de estas crisis más prolongadas.
Thanh Cong Nguyen +2 more
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Modeling Financial Fragility in Transition Economies [PDF]
Capital inflows have an enormous importance in the financing of investment in emerging and transition economies. However short-term inflows, intermediated by the banking sector of the emerging economy, may be subject to early withdrawals. We model a situation where such withdrawals are motivated by a change in either the domestic or the foreign ...
Jeffrey H. Nilsen, Riccardo Rovelli
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A financialized monetary economy of production
International Journal of Political Economy, 2011The monetary theory of production offers a systemic approach to describe systemic crises, but, faced with contemporary capitalism, it needs to be modified. In accordance with the Schumpeterian perspective, we adopt a framework that points to both the monetary nature of and qualitative changes in the capitalist system.
Fumagalli, Andrea, Lucarelli, Stefano
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Understanding Financial Participation across Market Economies
International Studies of Management & Organization, 2019Organizations implement a range of financial participation plans to help create a stronger linkage between corporate and individual goals. Although seemingly an organizational-level choice as to what plans are adopted, we argue that institutional constraints at the market economy level of analysis that directly affect worker-firm relationships play a ...
Elaine Farndale +3 more
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Optimal Financial Structure in Exchange Economies
International Economic Review, 1988This paper examines the financial arrangements that arise in a simple exchange economy with private information. It uses contr act theory to consider the optimal structures under varying informati onal restrictions. Relative to previous work, it expands the strategy sets of agents, allowing both coalitions and contrived uncertainty ( lotteries).
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Financial Policies in an Open Economy
Economica, 1978The large number of countries now pursuing flexible rates justifies another look at the small-country case under such an exchange rate regime. The Metzlerian (1951) macro-model, which was opened up to world trade by Mundell (1961b), provides an elegant framework for the analysis.
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