In this report we discuss the factors driving the growth of the global financial sector that are considered by many authors (e.g. Toporowski,1999 and Orhangazi, 2008) to have precipitated the financial crisis of 2007-2008. Our analysis focuses on the behavior of the different types of financial...

Six great trends have characterized the evolution of mature capitalist economies in the recent decades: 1. successful efforts to lower inflation from the levels of the 1970s; 2. Real growth significantly lower as compared to early post-WW2 decades; 3. a greater frequency in financial instability...

This study argues that financializations is not a phenomenon exclusively associated with complex innovation in highly developed financial markets. Financialization also affects countries with 'shallow' financial markets but with a significant presence of transnational financial actors that...