IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/21727_5.html
   My bibliography  Save this book chapter

The driving forces of financialisation

In: Financialisation

Author

Listed:
  • .

Abstract

The characteristics of financialisation that help identify the drivers include growth in the size and scope of financial markets, institutions and instruments; increasing power of the financial oligarchy; and increasing participation of ordinary people in financial transactions. Based on these characteristics, seven drivers of financialisation can be identified: deregulation, financial innovation, technology, shareholder value paradigm, market-based banking, government support, and support from academia. With all of these driving forces in place, impeding financialisation, let alone reversing it, will be rather difficult. Such a monumental task will require a change of culture away from the norms dictated by neoliberalism and the free market doctrine.

Suggested Citation

  • ., 2023. "The driving forces of financialisation," Chapters, in: Financialisation, chapter 5, pages 99-121, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21727_5
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/9781803926582.00010.xml
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Economics and Finance;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:21727_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.