Contested Control and the Power of Finance, Selected Essays of Gerald Epstein
Chapter 14: Financialization, rentier interests and central bank policy
“Financialization” refers to the increasing importance of financial markets, financial motives, financial institutions, and financial elites in the operations of the economy and its governing institutions, both at the national and international levels. Many questions arise when considering the increased role of finance in the world economy. What are its dimensions? What is causing it? What impact is it having on income distribution within and between countries? What is its impact on economic growth? What impact is financialization having on the nature and distribution of political power within and between countries? What policies can be implemented to reduce the negative effects of financialization while preserving its positive effects, if there are any?
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.