221
Views
2
CrossRef citations to date
0
Altmetric
Articles

Global Financial Markets, Predominance of Monetary Policy and the Deepening of Financialization

References

  • Allen, Mark, Cristoph Rosenberg, Christian Keller, Brad Setser, and Nouriel Roubini, [email protected]. 2002. “A Balance Sheet Approach to Financial Crisis.” IMF Working Papers 02 (210):1.
  • Arestis, Philip. 2009. “New Consensus Macroeconomics and Keynesian Critique.” In Macroeconomic Policies on Shaky Foundations: Wither Mainstream Macroeconomics?, edited by E. Hein, T. Niechoj and E. Stockhammer, 47–62. Marburg: Metropolis.
  • Bank for International Settlements. 2017. 87th Annual Report. Basel: Bank for International Settlements.
  • Bernanke, Ben. 2013. The Federal Reserve and the Financial Crisis: Lectures Given by Ben S. Bernanke. Princeton: Princeton University Press.
  • Blinder, Alan. 2004. “The Case Against the Case Against Discretionary Fiscal Policy.” CEPS, Working Paper No. 100. Prepared for Federal Reserve Bank of Boston Conference, “The Macroeconomics of Fiscal Policy,” Chatham, Mass (June 14–16).
  • Bordo, Michael, Barry Eichengreen, Daniela Klingebiel, Maria Soledad Martinez-Peria, and Andrew K. Rose. 2001. “Is the Crisis Problem Growing More Severe?” Economic Policy 16 (32):52–82. doi: 10.1111/1468-0327.00070.
  • Borio, Claudio, and Boris Hofmann. 2017. “Is Monetary Policy less Effective When Interest Rates Are Persistently Low?” BIS, Working Papers, 628 (April).
  • Boyer, Robert, Mario Dehove, and Dominique Plihon. 2004. Les crisis financières [Financial Crises]. Paris: La documentation française.
  • Brender, Anton, and Florence Pisani. 2018. L’économie américaine [The American Economy]. Paris: La Découverte.
  • Cartapanis, André. 2004. “Le déclenchement des crises de change: qu’avons-nous appris depuis dix ans? [The Triggering of Exchange Rate Crises: What Have We Learned over Ten Years?].” Économie internationale 97 (1):5–48.
  • Chesnais, François. 1997. La mondialisation du capital [Globalization of Capital] (Nouvelle édition augmentée. Paris: Syros.
  • Correa, Eugenia. 1998. Crisis y desregulación financiera [Crisis and Financial Deregulation]. México: Siglo XXI.
  • Correa, Eugenia, Gregorio Vidal, and Wesley Marshall. 2012. “Financialization in Mexico: Trajectory and Limits.” Journal of Post Keynesian Economics 35 (2):255–75. doi: 10.2753/PKE0160-3477350205.
  • Delli Gatti, Domenico, Mauro Gallegati, Bruce Greenwald, Alberto Russo, and Joseph Stiglitz. 2012. “Sectoral Imbalances and Long Run Crises.” In Global Macro Economy and Finance, edited by F. Allen, M. Aoki, J.-P. Fitoussi, N. Kiyotaki, R. Gordon, and J. Stiglitz, 61–97. New York: Palgrave.
  • Eichengreen, Barry, and Carlos Arteta. 2000. Banking Crisis in Emerging Markets: Presumptions and Evidence (Center for International and Development Economic Research, Paper No. C00-115). Berkeley: University of California.
  • Fisher, Paul. 2010. “An Unconventional Journey: The Bank of England’s Asset Purchase Programme.” Speech, Stonehouse Court, Gloucestershire, (October 11). Bank of England Archive. http://www.bankofengland.co.uk/archive/Documents/historicpubs/speeches/2010/speech453.pdf.
  • Friedman, Milton, and Anna Schwartz. 1963. A Monetary History of the United States 1867–1960. Princeton: Princeton University Press.
  • Galbraith, James K. 2012. Inequality and Instability. A Study of the World Economy Just Before the Great Crisis. New York: Oxford University Press.
  • Guttmann, Robert. 2008. “Introducción al Capitalismo Conducido por las Finanzas [Introduction to Capitalism Conducted by Finances].” Ola Financiera 1 (2):20–59.
  • International Monetary Fund. 1997. International Capital Markets, Developments, Prospects and Key Policy Issues. Washington, DC: International Monetary Fund. November.
  • International Monetary Fund. 1998. World Economic Outlook: Financial Crises: Causes and Indicators. Washington, D.C.: International Monetary Fund.
  • Jeanne, Olivier. 2000. “Currency Crisis: A Perspective on Recent Theoretical Developments.” Special Papers in International Economics No. 20, International Finance Section, Department of Economics, Princeton University.
  • Jeanne, Olivier. 2003. “Comprendre les crises financières internationales” [Understanding International Financial Crises].” Revue d'économie financière 70 (1) :23–31. doi: 10.3406/ecofi.2003.4818.
  • Joyce, Michael, Matthew Tong, and Robert Woods. 2011. “The United Kingdom’s Quantitative Easing Policy: Design, Operation and Impact.” Quarterly Bulletin Q3, Bank of England, pp. 200-212. https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2011/the-uks-quantitative-easing-policy-design-operation-and-impact.pdf?la=en&hash=62052A70C866C3F52125D98619D2E8BD1E69D3BE
  • Kaminsky, Graciela, and Carmen Reinhart. 1999. “The Twin Crises: The Causes of Banking and Balance-of-Payments Problems.” American Economic Review 89 (3):473–500. doi: 10.1257/aer.89.3.473.
  • Lavoie, Marc. 2014. Post-Keynesian Economics: New Foundations, Cheltenham, UK: Edward Elgar.
  • Orléan, André. 1999. Le pouvoir de la finance [The Power of Finance]. Paris: Éditions Odile Jacob.
  • Plihon, Dominique. 2003. “La economía de fondos propios: un nuevo regimen de acumulación financiera. [The Economy of Self-Finance: A New Regime of Financial Accumulation].” In Las trampas de las finanzas mundiales [The Pitfalls of Global Finance], edited by F. Chesnais and D. Plihon, 23–39. Madrid: Ediciones Akal.
  • Rochon, L. P., and Mark Setterfield. 2008. “The Political Economy of Interest Rate Setting, Inflation, and Income Distribution.” International Journal of Political Economy 37 (2):5–25. doi: 10.2753/IJP0891-1916370201.
  • Serfati, Claude. 2016. “Las raíces financieras de los grupos industriales mundiales [The Financial Roots of Global Industrial Groups].” Ola Financiera 24 (9):1–42.
  • Sharpe, Steve A., and Gustavo A. Suarez. 2014. "Why Isn’t Investment More Sensitive to Interest Rates: Evidence from Surveys." Federal Reserve Board Working Paper 2014-02, Washington, D.C.
  • Stiglitz, Joseph, and Hamid Rashid. 2016. “What’s Holding Back World Economy? The Guardian, February 8. Accessed February 15, 2022. https://www.theguardian.com/business/2016/feb/08/whats-holding-back-world-economy-joseph-e-stiglitz.
  • Stone, Mark, and Melvyn Weeks. 2001. “Systemic Financial Crises, Balance Sheets, and Model Uncertainty.” International Monetary Fund Working Paper, No. 162., Washington, DC.
  • Summers, Lawrence. 2000. “International Financial Crises: Causes, Prevention, and Cures.” American Economic Review 90 (2):1–16. doi: 10.1257/aer.90.2.1.
  • Tcherneva, P. 2012. “The Role of Fiscal Policy.” International Journal of Political Economy 41 (2):5–25. doi: 10.2753/IJP0891-1916410201.
  • The Treasury Department. 2008. "Treasury Supplementary Financing Program," September, 17. Accessed October 3, 2020. https://www.treasury.gov/press-center/press-releases/pages/hp1144.aspx.
  • Vidal, Gregorio. 2016. “Estados Unidos: Economía, manufactura y ganancia financiera [United States: Economy, Manufacturing and Financial Profit].” In La economía mundial y los procesos de integración y regionalización [The World Economy and the Processes of Integration and Regionalization], edited by G. Vidal, 19–40. Mexico: Miguél Ángel Porrúa.
  • Vidal, Gregorio. 2019. “Austeridad, transnacionalización y grandes empresas [Austerity, Transnationalization and Large Firms].” In Cambios en el Centro Hegemónico: Flujos Financieros [Changes in the Hegemonic Center: Financial Flows], edited by A. Girón and E. Correa, 27–42. Mexico: UNAM.
  • Vidal, Gregorio. 2021. “Recession, Financial Instability, Social Inequality and the Health Crisis.” Review of Political Economy 33 (4):711–24. doi: 10.1080/09538259.2021.1943933.
  • Vidal, Gregorio, and Wesley Marshall. 2014. “Has the US Lurched into a Process of Underdevelopment? Insights from Celso Furtado.” Journal of Economic Issues 47 (4):837–64.
  • Werner, Richard. 1994. Liquidity Watch. Jardine Fleming Securities Ltd., Tokyo Branch, (May).
  • Werner, Richard. 1997. “Towards a New Monetary Paradigm: A Quantity Theorem of Disaggregated Credit, with Evidence from Japan.” Kredit und Kapital 30 (2):276–309.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.