Overview

Financialisation and the Financial and Economic Crises provides comparative, empirical case studies of a diverse set of eleven countries. In particular, the book helps in understanding the current (mal)performance of Euro area economies by explaining the causes of the shifts in growth regimes during and after the crises. It goes well beyond the dominant interpretation of the recent financial and economic crises as being rooted in malfunctioning and poorly regulated financial markets. The contributions to this book provide detailed accounts of the long-term effects of financialisation and cover the main developments leading up to and during the crisis in eleven selected countries: the US, the UK, Spain, Greece, Portugal, Germany, Sweden, Italy, France, Estonia, and Turkey. The introductory chapter presents the theoretical framework and synthesizes the main findings of the country studies. Furthermore, the macroeconomic effects of financialisation on the EU as a whole are analyzed in the final chapter. Offering an illuminating overview and invaluable alternative perspective on the long-run developments leading to the recent crises, this book is essential reading for researchers, students and policymakers and an ideal starting point for further research. Contributors: S. Bahçe, R. Barradas, C.A. Carrasco, H. Cömert, G. Cornilleau, J. Creel, D. Detzer, N. Dodig, N. Erdem, T. Evans, J. Ferreiro, G. Gabbi, C. Gálvez, C. Gomez, A. González, E. Hein, E. Juuse, E. Karaçimen, A.H. Köse, S. Lagoa, E. Leão, J. Lepper, Ö. Orhangazi, G. Özgür, R. Paes Mamede, M. Shabani, A. Stenfors, E. Ticci, J. Toporowski, L. Tserkezis, J. Tyson, Y. Varoufakis, P. Vozzella, G.L. Yalman

Full Product Details

Author:   Eckhard Hein ,  Daniel Detzer ,  Nina Dodig
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
Dimensions:   Width: 15.60cm , Height: 2.00cm , Length: 23.40cm
Weight:   0.544kg
ISBN:  

9781788116824

ISBN 10:   1788116828
Pages:   352
Publication Date:   24 November 2017
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   To order  
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Table of Contents

Contents: Preface 1. Financialisation and the Financial and Economic Crises: Theoretical Framework and Empirical Analysis for 15 Countries Nina Dodig, Eckhard Hein and Daniel Detzer 2. The Crisis of Finance-led Capitalism in the United States Trevor Evans 3. Monetary Adjustment and Inflation of Financial Claims in the UK after 1980 John Lepper, Mimoza Shabani, Jan Toporowski and Judith Tyson 4. Financialisaton and the Economic Crisis in Spain Jesus Ferreiro, Cataliana Galvez and Anna Gonzales 5. Financialisation and the Crisis: The Case of Greece Yanis Varoufakis and Lefteris Tserkezis 6. The Real Sector Developments in Estonia - Financialisation Effects Behind the Transition Process Egert Juuse 7. Financialisation and the Crisis in the Export-led Mercantilist German Economy Daniel Detzer and Eckhard Hein 8. Swedish Financialisation: 'Nordic Noir' or 'Safe Haven'? Alexis Stenfors 9. France, a Domestic Demand-led Economy Under the Influence of External Shocks Gerard Cornilleau and Jerome Creel 10. The Transmission Channels Between the Financial and the Real Sectors in Italy and the Crisis Giampaolo Gabbi, Elisa Ticci and Pietro Vozzella 11. The Long Boom and the Early Bust: The Portuguese Economy in the Era of Financialisation Ricardo Paes Mamede, Sergio Lagoa, Emanuel Leao and Ricardo Barradas 12. Financialisation and the Financial and Economic Crises: The Case of Turkey Serdal Bahce, Hasan Coemert, Nilgun Erdem, Elif Karacimen, Ahmet Hasim Koese, OEzgur Orhangazi, Goekcer OEzgur and Galip L.Yalman 13. The Impact of the Financial and Economic Crisis on European Union Member States Carlos A. Carrasco, Jesus Ferreiro, Catalina Galvez, Carmen Gomez and Ana Gonzalez Index

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Edited by Eckhard Hein, Daniel Detzer and Nina Dodig, The Institute for International Political Economy (IPE), Berlin School of Economics and Law, Germany

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