Financialization and the World Economy

By G. Epstein. 2006

1,128 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/a8d941a2104eeefcac47d0bd49f5270823607826

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Citations in the corpus

The Rise of Socially Responsible Investment Funds: The Paradoxical Role of the Financial Logic (2019, background): “Prior literature has suggested the spread of finance is a sweeping force in the global economy (Epstein, 2005; Davis and Kim, 2015) and proposed constraining effects on the rise of hybrid organizations in the financial sector (Jonsson, 2009; Jonsson and Regnér, 2009), such as SRI funds.”
Understanding financial crisis through accounting models (2010, background): “Conditions for such default may develop through a drain of liquidity from the real to the FIRE sector, so inflating asset prices – a credit bubble, or harmful ‘financialization’ of the economy (Epstein, 2005).”
The Emergence of a Finance Culture in American Households, 1989-2007 (2015, background): “Financialization, broadly understood to mean the increasingly important role of financial markets, motives, actors, and institutions in the operation of the economy (Epstein, 2005), has attracted increasing attention in recent years (Krippner, 2005; Orhangazi, 2008; Davis, 2009).”
Critical accounting research and neoliberalism (2017, background): “They are fairly well described at macro-economic level (Epstein, 2005; Krippner, 2005; 9 This operation is not unproblematic, because the narrative tends to deny the profound conflicts between the various trends of “neoliberalism” that were present in the Mont Pèlerin Society until the 1960s…”
Financialization and Marx: Giving Labor and Capital a Financial Makeover (2009, background): “…financialization; financial derivatives Marx said relatively little about a process that we would now call “financialization”: a process we can define simply as “the increasing role of financial motives, financial markets, financial actors and financial institutions” (Epstein 2005: 3).”
Stock-Flow Consistent Macroeconomic Models: A Survey (2017, unknown): “Epstein and Axtell (1996), Tesfatsion and Judd (2006), and LeBaron and Tesfatsion (2008) provide an extensive treatment of the use of ABM in economics and the social sciences; most of the papers cited in this section explain the advantages of ABM, as well.”
Financialisation of Valuation (2015, background): “…expansion of the financial markets, a rise in the number and variety of financial operators and finally the development of a service industry associated with financial activities (audit, consulting, and law firms, rating agencies, etc.) (Krippner 2005; Epstein 2005; Duménil and Lévy 2001).”
Cities Destroyed (Again) For Cash: Forum on the U.S. Foreclosure Crisis (2008, background): “Financialization, which Krippner (2005, p. 174) defines as “a pattern of accumulation in which profits accrue primarily through financial channels rather than through trade and commodity production,” set the stage for the foreclosure crisis (Krippner, 2005; Epstein, 2005).”
No one saw this coming. Understanding financial crisis through accounting models (2009, unknown): “But it also opens up the possibility of a sustained drain of liquidity from the real to the FIRE sector, so inflating asset prices – a credit bubble, or harmful 'financialization' of the economy (Epstein 2005).”
Market and society : the great Transformation today (2009, background): “Social and cultural theorists talk of little else these days than “financialization” (Epstein 2005), the idea that financial services have become the Market and Society94 dominant arm of capitalism; and the media are obsessed, as I write, with “the credit crunch,” the first sign that this period of…”
Handbook of Consumer Finance Research (2008, background): “Increasing fi nancialization, or the rising importance of the fi nancial sector in the economy (Epstein, 2006 ), along with growing income and asset inequality (Oliver & Shapiro, 2006 ; Piketty, 2014 ; Saez & Zucman, 2014 ) led to a resurgence of interest in household fi nances.”