EconPapers    
Economics at your fingertips  
 

Extending Financialisation and Increasing Fragility of the Financial System

Aurel Iancu

Working Papers of National Institute of Economic Research from National Institute of Economic Research

Abstract: Financialisation is a complex and dynamic process of enlarging the monetary and financial relations in economy and society. This paper deals with the analysis of the financial market structure such as: the role and magnitude of financial sectors, the dynamics of the banking sector versus the stock market and the rising role of the shadow banking sector. Also it explains and analyses the ways and modalities to develop financialisation by growing the public and private indebtedness, extension of the securitisation process and using the financial derivatives on a large scale. Considered endogenous factors, they all increase the fragility of the financial system.

Keywords: financialisation; financial sector; stock market; shadow banking; indebtedness; financial innovation; securitisation; financial derivatives (search for similar items in EconPapers)
JEL-codes: E44 G01 G18 G23 G24 G28 G32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac and nep-pke
Date: 2013-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.workingpapers.ro/2013/wpince130307.pdf (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:ror:wpince:130307

Access Statistics for this paper

More papers in Working Papers of National Institute of Economic Research from National Institute of Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Corina Saman ().

 
Page updated 2019-08-20
Handle: RePEc:ror:wpince:130307