Amazon cover image
Image from Amazon.com

The rise of finance: causes, consequences and cures

By: Contributor(s): Material type: TextTextPublication details: Cambridge University Press 2019 Cambridge Description: xvi, 286 p. Includes indexISBN:
  • 9781108482349
Subject(s): DDC classification:
  • 332 N2R4
Summary: Financialisation, or the disproportionate importance of financial considerations in economic decisions, has been a defining feature of the economic history of the last twenty-five years. The wave of deregulation that accompanied the neoliberal agenda in the US, aided by the dominance of US dollar and American economy, has resulted in the globalisation of finance. This book examines the rise of financialisation globally, while charting its drawbacks and prescribing suggestions for a definitive overhaul of the structure. Bringing together various strands of the latest research and evidence generated in recent years, empirical analysis, and views of reputed experts in the field, it presents a counter-point to the canonical ideas of analysing financial market dynamics and financial globalisation. It proposes a revision of the current monetary policy paradigm to correct its excessive focus on equity markets and their 'wealth effect', embrace a more symmetric response to the economic cycle, and a mandate to focus on financial stability as much as price stability. https://www.cambridge.org/gb/academic/subjects/economics/finance/rise-finance-causes-consequences-and-cures?format=HB
Tags from this library: No tags from this library for this title. Log in to add tags.
Star ratings
    Average rating: 3.0 (1 votes)
Holdings
Item type Current library Item location Collection Shelving location Call number Status Date due Barcode
Books Vikram Sarabhai Library Rack 17-B / Slot 632 (0 Floor, West Wing) Non-fiction General Stacks 332 N2R4 (Browse shelf(Opens below)) Available 200697

Table of Contents

List of figures
List of tables and boxes
Foreword
Prologue
Part I. The Causes:
1. Introduction
2. The rise of finance: origins
Part II. The Consequences:
3. Wages, compensation and inequality
4. The monetary policy framework
5. Consequences of unconventional monetary policy
Part III. The Cure:
6. The way forward
7. Finance in India
8. Conclusion
Index.


Financialisation, or the disproportionate importance of financial considerations in economic decisions, has been a defining feature of the economic history of the last twenty-five years. The wave of deregulation that accompanied the neoliberal agenda in the US, aided by the dominance of US dollar and American economy, has resulted in the globalisation of finance. This book examines the rise of financialisation globally, while charting its drawbacks and prescribing suggestions for a definitive overhaul of the structure. Bringing together various strands of the latest research and evidence generated in recent years, empirical analysis, and views of reputed experts in the field, it presents a counter-point to the canonical ideas of analysing financial market dynamics and financial globalisation. It proposes a revision of the current monetary policy paradigm to correct its excessive focus on equity markets and their 'wealth effect', embrace a more symmetric response to the economic cycle, and a mandate to focus on financial stability as much as price stability.


https://www.cambridge.org/gb/academic/subjects/economics/finance/rise-finance-causes-consequences-and-cures?format=HB

There are no comments on this title.

to post a comment.