IDEAS home Printed from
   My bibliography  Save this paper

Financialisation, Media and Social Change


  • Catherine Happer

    (University of Glasgow)


This paper examines the role of the media in shaping the public debate on finance and the economy, and the way this impacts on social change both at the level of policy and of individual behaviours. It is founded in debates about financialisation and neoliberalism which focus on the shift of power to large corporations and the way society has been transformed by the corporatisation of public life. One result of these structural developments is an increasingly integrated political and media culture which promotes the interests of the market and operates to limit the information available to audiences in understanding the issues. Alternative solutions to economic problems are effectively removed from public debate as shown through a discussion of media representations of the current economic crisis and possible responses to it. This limiting of alternatives is implicated in the shaping of sympathetic attitudes to ‘preferred’ views and actions and can facilitate preferred directions in social change at the level of policy by limiting the potential for effective resistance. Whilst the relationship between the media, attitudes and behaviours is complex, behavioural change, as reflected in, say, home-owning trends, is most likely to occur when media accounts are supported by policy moves.

Suggested Citation

  • Catherine Happer, 2013. "Financialisation, Media and Social Change," Working papers wpaper10, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
  • Handle: RePEc:fes:wpaper:wpaper10

    Download full text from publisher

    File URL:
    File Function: Full text
    Download Restriction: no

    References listed on IDEAS

    1. Haverland, Markus, 2000. "National Adaptation to European Integration: The Importance of Institutional Veto Points," Journal of Public Policy, Cambridge University Press, vol. 20(01), pages 83-103, April.
    2. Kaeding, Michael, 2006. "Determinants of Transposition Delay in the European Union," Journal of Public Policy, Cambridge University Press, vol. 26(03), pages 229-253, December.
    3. Paul Wachtel & Iftekhar Hasan & John Bonin, 2008. "Banking in Transition Countries," Working Papers 08-22, New York University, Leonard N. Stern School of Business, Department of Economics.
    4. De Haas, Ralph & Naaborg, Ilko, 2006. "Foreign banks in transition countries. To whom do they lend and how are they financed?," MPRA Paper 6320, University Library of Munich, Germany.
    5. Mario Tonveronachi, 2010. "Empowering supervisors with more principles and discretion to implement them will not reduce the dangers of the prudential approach to financial regulation," PSL Quarterly Review, Economia civile, vol. 63(255), pages 363-378.
    6. Paul Wachtel & Iftekhar Hasan & John Bonin, 2008. "Banking in Transition Countries," Working Papers 08-22, New York University, Leonard N. Stern School of Business, Department of Economics.
    7. Sarkis Joseph Khoury & Clas Wihlborg, 2006. "Outsourcing Central Banking: Lessons from Estonia," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 9(2), pages 125-144.
    8. Neven Borak, 2000. "Western Rules for Eastern Banking," Post-Communist Economies, Taylor & Francis Journals, vol. 12(3), pages 293-306.
    9. Sõrg, Mart & Tuusis, Danel, 2008. "Foreign banks increase the social orientation of Estonian financial sector," Wirtschaftswissenschaftliche Diskussionspapiere 01/2008, University of Greifswald, Faculty of Law and Economics.
    10. Gerda Falkner & Oliver Treib, 2008. "Three Worlds of Compliance or Four? The EU-15 Compared to New Member States," Journal of Common Market Studies, Wiley Blackwell, vol. 46, pages 293-313, March.
    11. Bernard Steunenberg, 2006. "Turning Swift Policy-making into Deadlock and Delay," European Union Politics, , vol. 7(3), pages 293-319, September.
    12. Havrylchyk, Olena, 2006. "Efficiency of the Polish banking industry: Foreign versus domestic banks," Journal of Banking & Finance, Elsevier, vol. 30(7), pages 1975-1996, July.
    13. Zdenek Kudrna, 2012. "Cross‐Border Resolution of Failed Banks in the European Union after the Crisis: Business as Usual," Journal of Common Market Studies, Wiley Blackwell, vol. 50(2), pages 283-299, March.
    14. Scholtens, Bert, 2000. "Financial regulation and financial system architecture in Central Europe," Journal of Banking & Finance, Elsevier, vol. 24(4), pages 525-553, April.
    15. Elisabetta Montanaro & Mario Tonveronachi, 2011. "A critical assessment of the European approach to financial reforms," PSL Quarterly Review, Economia civile, vol. 64(258), pages 193-226.
    16. Ralph de Haas & Ilko Naaborg, 2005. "Foreign Banks in Transition Economies: Small Business Lending and Internal Capital Markets," International Finance 0504004, EconWPA.
    17. Iain Begg, 2009. "Regulation and Supervision of Financial Intermediaries in the EU: The Aftermath of the Financial Crisis," Journal of Common Market Studies, Wiley Blackwell, vol. 47, pages 1107-1128, November.
    18. Steinherr, Alfred, 1997. "Banking Reforms in Eastern European Countries," Oxford Review of Economic Policy, Oxford University Press, vol. 13(2), pages 106-125, Summer.
    Full references (including those not matched with items on IDEAS)

    More about this item


    media; economy; news; social change;

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
    • P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
    • R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis
    • Z1 - Other Special Topics - - Cultural Economics


    Access and download statistics


    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:fes:wpaper:wpaper10. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Helen Evans). General contact details of provider: .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.