Financialization and the World Economy

Front Cover
Gerald A. Epstein
Edward Elgar Publishing, Jan 1, 2005 - Business & Economics - 440 pages
The final section offers ideas for policy responses, including capital controls and securities transaction taxes."--BOOK JACKET.
 

Contents

Introduction and Distributional Implications
1
Financialization and the World Economy
3
A Class Analysis
17
Financialization Central Bank Policy and Labor Solidarity
46
Financialization and the US Economy
75
The Impact of Destructive Product Market Competition and Modern Financial Markets on Nonfinancial Corporation Performance in the Neoliberal Era
77
Financialization in the Extreme
111
Sources of Vulnerability in US Financial Markets
149
Case Studies of Financialization and Economic Crisis
241
10 The Rise of the New Money Doctors in Mexico
243
11 The Making of the Turkish Financial Crisis
260
Some Elements and Background
289
13 International Liquidity and Growth Fluctuations in Brazil
314
14 The Causes and Consequences of Neoliberal Restructuring in Postcrisis Korea
334
Policy Perspectives
355
15 Averting Crisis? Assessing Measures to Manage Financial Integration in Emerging Economies
357

Financialization and the International Monetary System
181
7 Financial Globalization Exchange Rates and International Trade
183
8 The Eurodollar Market and the New Era of Global Financialization
210
9 The Role of the International Monetary System in Financialization
220
16 Why International Capital Mobility Should be Curbed and How it Could be Done
384
Design Issues Market Impact and Revenue Estimates
409
Index
426
Copyright

Other editions - View all

Common terms and phrases

About the author (2005)

Edited by Gerald A. Epstein, Professor of Economics and Co-Director, Political Economy Research Institute (PERI), University of Massachusetts-Amherst, US

Bibliographic information