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Financialisation in the circuit

Author

Listed:
  • Marco Veronese Passarella

    (University of Leeds)

  • Malcolm Sawyer

    (University of Leeds)

Abstract

The relationships between financial systems and the macroeconomy with emphasis on the saving—investment relationships and the nature of money are set out. A ‘circuitist’ framework is extended to reflect some major features of the era of financialisation since circa 1980

Suggested Citation

  • Marco Veronese Passarella & Malcolm Sawyer, 2014. "Financialisation in the circuit," Working papers wpaper18, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    • Handle: RePEc:fes:wpaper:wpaper18
    as

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    File URL: http://fessud.eu/wp-content/uploads/2013/04/financialisation-and-the-circuit-working-paper-18.pdf
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    Citations

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    Cited by:

    1. Jo Michell, 2017. "Do Shadow Banks Create Money? ‘Financialisation’ and the Monetary Circuit," Metroeconomica, Wiley Blackwell, vol. 68(2), pages 354-377, May.
    2. Alberto Botta & Eugenio Caverzasi & Daniele Tori, 2015. "Financial–Real-Side Interactions in an Extended Monetary Circuit with Shadow Banking: Loving or Dangerous Hugs?," International Journal of Political Economy, Taylor & Francis Journals, vol. 44(3), pages 196-227, July.
    3. Malcolm Sawyer, 2016. "Graziani's analysis of the circuit: does it extend to the era of financialisation?," Review of Keynesian Economics, Edward Elgar Publishing, vol. 4(3), pages 303-315, July.
    4. Lancastle, Neil, 2012. "Circuit theory extended: The role of speculation in crises," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 6, pages 1-27.
    5. Fontana, Giuseppe & Sawyer, Malcolm, 2016. "Towards post-Keynesian ecological macroeconomics," Ecological Economics, Elsevier, vol. 121(C), pages 186-195.

    More about this item

    Keywords

    monetary circuit; financialisation; saving; investment;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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