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the hard core of financialization. Shadow banking manifests itself through a variety of activities carried out since time …
Persistent link: https://www.econbiz.de/10011494440
the hard core of financialization. Shadow banking manifests itself through a variety of activities carried out since time …
Persistent link: https://www.econbiz.de/10011075888
This paper studies the specificities of the regulation of shadow banking in the EU. It argues that the idiosyncratic features of the EU shadow banking sector call for a different (or indigenized) regulatory approach from that of the U.S. It highlights striking differences between the EU and the...
Persistent link: https://www.econbiz.de/10012853767
The discussion around the role of nonbanks and their impact on financial stability is a healthy development. However, the author believes the current debate is filled with a number of misconceptions and omissions that detract from the goals of enhancing market stability and economic growth...
Persistent link: https://www.econbiz.de/10013004715
Usurers have been the first step to financial intermediation. Standing as financial intermediaries, they were carrying out the high risk not to be refunded the money granted as loans. But this high risk has always been remunerated by a high interest rate on loans granted. Banks institutions, as...
Persistent link: https://www.econbiz.de/10013056999
For the past decade, the U.S. economy has been driven not by industrial investment but by a real estate bubble. Although the United States may seem to be the leading example of industrial capitalism, its economy is no longer based mainly on investing in capital goods to employ labor to produce...
Persistent link: https://www.econbiz.de/10008679875
For the past decade, the U.S. economy has been driven not by industrial investment but by a real estate bubble. Although the United States may seem to be the leading example of industrial capitalism, its economy is no longer based mainly on investing in capital goods to employ labor to produce...
Persistent link: https://www.econbiz.de/10010281706
new information and communication technologies, the globalization of economies and the 2007-08 financial crisis have … considerably modified the geography of finance. Financial globalization has, first of all, had a heavy impact on the level of … regional scale or the national scale, due to financial globalization, financial activities have been more tightly grouped …
Persistent link: https://www.econbiz.de/10005005494
The location of financial activities is traditionally characterized by a great deal of inertia. However, the 2007-10 crisis may considerably modify the geography of finance and cause an upheaval in world hierarchy. The crisis hit the Western countries directly and the main financial centers have...
Persistent link: https://www.econbiz.de/10008472424
Finance has become more a problem than a solution to what the world most wants: socially inclusive growth. It has become a source of crises that threaten the development of the real economy. It has escaped accountability to democratic institutions and often helped, instead, to influence and...
Persistent link: https://www.econbiz.de/10013053812