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Rise of finance : causes, consequences and cures

By: Nageswaran, V. Anantha | Natarajan, Gulzar.
Publisher: Cambridge Cambridge University Press 2019Description: xvi, 286p.ISBN: 9781108482349.Subject(s): Economics -- Globalization--Economic aspects -- Finance -- Financialization -- Monetary policyDDC classification: 332 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.
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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.

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