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The Macroeconomics of Financialization: Stages of Development Approach

Thomas Palley

Chapter 3 in Financialization, 2013, pp 41-61 from Palgrave Macmillan

Abstract: Abstract Chapter 2 provided an empirical characterization of financialization. This chapter examines the macroeconomics of financialization using a stages of development approach that captures the evolving nature of financialization. This stages of development approach is suggested by Chick’s (1986) treatment of the evolution of banking systems.

Keywords: Stock Market; Wage Income; Dividend Payout; Wage Bill; Investment Spending (search for similar items in EconPapers)
Date: 2013
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Journal Article: The Macroeconomics of Financialization: A Stages of Development Approach (2009) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-26582-1_3

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DOI: 10.1057/9781137265821_3

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