Schlagwort-Archive: financialization

Marica Frangakis: Inequality and Financialisation: The Case of the EU

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After the collapse of the Bretton Woods system and the elimination of the system of fixed exchange rates, global finance made new inroads into the world economy, while the deregulation of financial services marked the beginning of the era of financialisation. Inequality in the distribution of income and wealth feeds the process of financialisation and is fed by it. It is a two-way relationship, which has favoured the meteoric rise of the More

Peter Gowan: Crisis in the Heartland. Consequences of the New Wall Street System

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The long credit crunch that began in the Atlantic world in August 2007 is strange in its extraordinary scope and intensity. Mainstream discourse, referring to a ‘sub-prime’ crisis, implies that the credit crunch has been caused, rather than triggered, by a bubble in the real economy. This is at best naïve: after all, the bursting of an equally large bubble in the Spanish housing market led to no such blow-out in the domestic banking system More

Eric Toussaint: The Euro Crisis and Contradictions between Countries in the Periphery and Centre of the European Union

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The crisis that started in the United States in 2007-2008, hit the European Union head on in 2008, and has been causing major problems in the eurozone since 2010. Banks from the strongest European countries are responsible for spreading this plague from the United States to Europe, because they had invested massively in structured financial products. It is important to explain why this crisis has struck the European Union and the eurozone harder than the United States. More

Mirjam Büdenbender: First Abstract

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The Real Estate/Financial Complex in Russia

As the 2007 global financial crisis clearly showed, the dimensions of real estate and finance are closely intertwined. Furthermore, this real estate-finance interaction unfolds differentially across spaces. Yet, to this date these two aspects remain under-researched and under-theorized.

This paper seeks to remedy these shortcomings by mapping the ‚Real Estate/Financial Complex‘ in Russia. Weiterlesen →