IDEAS home Printed from https://ideas.repec.org/b/imk/fmmcps/11-2008.html
   My bibliography  Save this book

Finance-led Capitalism? Macroeconomic Effects of Changes in the Financial Sector

Editor

Listed:
  • Eckhard Hein
    (Berlin School of Economics and Law, Germany)

  • Torsten Niechoj
    (Macroeconomic Policy Institute (IMK) in the Hans Boeckler Foundation, Germany)

  • Heinz-Peter Spahn
    (University of Hohenheim, Germany)

  • Achim Truger
    (Macroeconomic Policy Institute (IMK) in the Hans Boeckler Foundation, Germany)

Abstract

During the recent decades the financial sectors of developed and developing countries have changed remarkably. There has been a major increase in the degree of financial intermediation, and new financial instruments, triggered by national and international legal liberalisation and by the development of communication technologies, have been developed. The overall importance of financial factors for real investment and growth of non-financial business has risen. Finally, the power of shareholders in joint stock companies seems to have increased vis-à-vis management and labourers. These and other changes as well as their effects on the macro-economy require deeper investigation, in particular since the US sub-prime mortgage crisis has been spreading over international financial markets and has already affected real development in the negative.

Suggested Citation

  • Eckhard Hein & Torsten Niechoj & Heinz-Peter Spahn & Achim Truger (ed.), 2008. "Finance-led Capitalism? Macroeconomic Effects of Changes in the Financial Sector," Conference proceedings of the Research Network Macroeconomics and Macroeconomic Policies (FMM), IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute, volume 11, number 11-2008, July.
  • Handle: RePEc:imk:fmmcps:11-2008
    as

    Download full text from publisher

    File URL: http://www.metropolis-verlag.de/Finance-led-Capitalism%3F/705/book.do;jsessionid=8F941EBFB6E8B40C880F1C073D22A253
    Download Restriction: no

    File URL: http://www.metropolis-verlag.de/Finance-led-Capitalism%3F/705/book.do;jsessionid=8F941EBFB6E8B40C880F1C073D22A253
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imk:fmmcps:11-2008. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sabine Nemitz (email available below). General contact details of provider: https://edirc.repec.org/data/imkhbde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.