RT Journal Article
T1 Financialisation embroils developing countries
A1 Lapavitsas, Costas
AB Financialisation of developed countries includes increased lending to individuals as well as adoption of investment banking by commercial banks, thus contributing directly to the crisis of 2007-9. Financialisation has acquired an international aspect since the 1990s, primarily through liberalised capital flows. In the 2000s international financialisation has resulted in net capital flows from developing to developed countries, thus imposing substantial costs on the former, while subsidising the USA as leading issuer of quasiworld- money. International financialisation has also spurred domestic financialisation in developing countries through development of bond markets and foreign bank entry. Developing countries have been drawn into the crisis as current accounts declined and short-term capital flows were reversed.
PB Instituto Complutense de Estudios Internacionales (ICEI)
SN 1989-5917
YR 2009
FD 2009
LK https://hdl.handle.net/20.500.14352/52706
UL https://hdl.handle.net/20.500.14352/52706
LA eng
DS Docta Complutense
RD 23 abr 2025