Published numbers

Format: 2019
Financialisation as the Core Problem for a “Social Europe”
Journal:
46 - 2017
Author(s):
Andreas Nölke
Abstract:
For more than three decades, increasing financialisation has been a core feature of the European economy. This process does not only lead to economic instability, but also to social inequality. A driving force of financialisation in Europe are the internal market institutions of the European Union, aggravated through the introduction of the Euro and the programmes for rescuing the common currency.
Attached file:
Topics:
Financialization; European Union; Social Europe; Crisis.
Sections:
Financialisation and Crises in Europe
The Extent and Variegation of Financialisation in Europe: A Preliminary Analysis
Journal:
46 - 2017
Author(s):
Andrew Brown, David A. Spencer and Marco Veronese Passarella
Abstract:
This paper provides a preliminary analysis of the variegated extent of financialisation of European economies since circa 1980. For this purpose, the broad characterisation of financialisation offered by Fine (2012) is adopted. This characterisation identifies eight features of the financialisation process. We focus in particular on the size of the financial sector within a selection of European economies.
Attached file:
Topics:
Financial Crises; Government Policy and Regulation of Financial Markets; Financial Institutions; Varieties of Capitalism; Variegated Financialisation
Sections:
Financialisation and Crises in Europe
Pension Funds and Financialisation in the European Union
Journal:
46 - 2017
Author(s):
Bruno Bonizzi and Jennifer Churchill
Abstract:
The expansion and innovation of financial markets, commonly known as financialisation, is closely linked to the growth of pension funds. While the conventional narrative is based on the notion of financial development as a positive change, this paper argues that pension funds may induce demand-led pressures on the financial system, generating potential for systemic risk and instability.
Attached file:
Topics:
Pension Funds; Risk; Financial Innovation; Alternative Assets; Financialisation
Sections:
Financialisation and Crises in Europe
Financialisation and Work in the EU: Inequality, Debt and Labour Market Segmentation
Journal:
46 - 2017
Author(s):
Ana C. Santos, Cláudia A. Lopes and Sigrid Betzelt
Abstract:
This article examines the link between financialisation and work in five EU countries representative of different types of financial system and welfare regime: Sweden, Germany, the UK, Portugal and Poland. This is done by way of a cross-country comparative exercise that analyses micro-level survey data on household income, debt, and working conditions.
Attached file:
Topics:
EU; Financialisation; Inequality; Household Debt; Labour Market Segmentation
Sections:
Financialisation and Crises in Europe
Financialisation in the Post-Yugoslav Region: Monetary Policy, Credit Money and Dollarization
Journal:
46 - 2017
Author(s):
Andreja Živković
Abstract:
This paper considers long term processes of financialisation in the former and post-Yugoslavia. Regional monetary policy has since the 1980s defended the value of credit money in order to facilitate international capital flows. It is argued that the monetary system of fixed exchange rates, inflation targeting and capital account liberalisation has institutionalised the subordinate financialisation and dollarization of the region.
Attached file:
Topics:
Financialisation; Dollarization; Euro; Transition Economies; Southeast Europe
Sections:
Financialisation and Crises in Europe
Influencia del emprendimiento sobre el crecimiento económico y la eficiencia: importancia de la calidad institucional y la innovación social desde una perspectiva internacional
Journal:
46 - 2017
Author(s):
Justo De Jorge-Moreno
Abstract:
Este trabajo tiene un doble objetivo; el análisis de la influencia del emprendimiento sobre el crecimiento económico y los efectos de la calidad institucional, la innovación social, y el emprendimiento sobre la eficiencia en un panel completo/incompleto de 31/49 países en el período 2004-2014. La propuesta metodológica consiste en la utilización de funciones de producción estocásticas (Greene, 2005).
Attached file:
Topics:
Crecimiento económico; Emprendimiento; Innovación social; Calidad institucional; Frontera de producción
Sections:
Sección General
Análisis del nivel de riqueza y desarrollo social en las regiones europeas
Journal:
46 - 2017
Author(s):
Albino Prada Blanco y Patricio Sánchez-Fernández
Abstract:
En este trabajo se analizan las regiones europeas en función de su clasificación en términos de riqueza material y la derivada de diversos índices sintéticos de desarrollo utilizando los atributos y variables que lo caracterizan. Con esta finalidad recurrimos en primer lugar a dos indicadores diferentes: uno que sigue la metodología PNUD y otro que aplica el análisis multivariante factorial.
Attached file:
Topics:
Indicadores sintéticos; Riqueza; Desarrollo social; Regiones; Europa
Sections:
Sección General
War of Attrition and Power of Inaction: The Spanish Financial Crisis and its Lessons for the European Banking Union
Journal:
46 - 2017
Author(s):
Miguel Otero-Iglesias, Sebastián Royo y Federico Steinberg Wechsler
Abstract:
The aim of this paper is to analyse the main causes of the Spanish financial crisis (2009-12). Risk mismanagement in the saving banks was the main culprit but the intensity of the crisis was due to the “war of attrition” between the main stakeholders (the central and regional governments, the Bank of Spain and the cajas), which was further reinforced by the “power of inaction” of the big Spanish banks: Santander and BBVA.
Attached file:
Topics:
Spain; Banking Crisis; Supervision; Eurozone; European Banking Union
Sections:
Sección General
Índice
Journal:
45 - 2017
Attached file:
Index
Journal:
45 - 2017
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