Financiarización y crisis económica: ¿puede pasar de nuevo?

Jesus Ferreiro () and Carmen Gómez Vega
Additional contact information
Carmen Gómez Vega: Universidad del País Vasco (UPV/EHU)

EKONOMIAZ. Revista vasca de Economía, 2020, vol. 35 Anniversary, issue 02, 86-107

Abstract: Many studies point out the central role played by the process of financialization in the burst of the Global Financial Crisis and the subsequent Great Recession. The negative consequences of an excessive size of finances suggest the need of a de-financialization process that reduced the size of the financial assets and liabilities. The study of the balance sheets of the European Union countries since the year 2007 shows, however, that this process has not taken place in most European countries, leading to the possibility of a new systemic financial crisis in the short or medium term.

Keywords: crisis financiera; financiarización; de-financiarización; balances financieros; Unión Europea; financial crisis; financialization; de-financialization; balance sheets; European Union (search for similar items in EconPapers)
JEL-codes: E44 F34 G01 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.euskadi.eus/web01-a2reveko/es/k86aEkon ... idpubl=94&registro=8 complete text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ekz:ekonoz:2020203

Ordering information: This journal article can be ordered from
Dpto. de Hacienda y Finanzas, Gobierno Vasco, C/Donostia-San Sebastián, 1, 01010 Vitoria-Gasteiz, Spain

Access Statistics for this article

More articles in EKONOMIAZ. Revista vasca de Economía from Gobierno Vasco / Eusko Jaurlaritza / Basque Government Contact information at EDIRC.
Bibliographic data for series maintained by Iñaki Treviño ().