IDEAS home Printed from
   My bibliography  Save this paper

Financialisation in the circuit


  • Marco Veronese Passarella

    (University of Leeds)

  • Malcolm Sawyer

    (University of Leeds)


The relationships between financial systems and the macroeconomy with emphasis on the saving—investment relationships and the nature of money are set out. A ‘circuitist’ framework is extended to reflect some major features of the era of financialisation since circa 1980

Suggested Citation

  • Marco Veronese Passarella & Malcolm Sawyer, 2014. "Financialisation in the circuit," Working papers wpaper18, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
  • Handle: RePEc:fes:wpaper:wpaper18

    Download full text from publisher

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

    References listed on IDEAS

    1. Turner, Bengt, 1997. "Housing Cooperatives in Sweden: The Effects of Financial Deregulation," The Journal of Real Estate Finance and Economics, Springer, vol. 15(2), pages 193-217, October.
    2. M. Pohl, 1994. "Handbook On The History Of European Banks," Books, Edward Elgar Publishing, number 204.
    3. Sayer, Andrew, 2015. "Why We Can't Afford the Rich," University of Chicago Press Economics Books, University of Chicago Press, number 9781447320791.
    4. Roger Andersson & Lena Magnusson Turner, 2014. "Segregation, gentrification, and residualisation: from public housing to market-driven housing allocation in inner city Stockholm," International Journal of Housing Policy, Taylor & Francis Journals, vol. 14(1), pages 3-29, March.
    5. Alexis Stenfors, 2014. "The Swedish Financial System," FESSUD studies fstudy13, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    6. Harvey, David, 2005. "The New Imperialism," OUP Catalogue, Oxford University Press, number 9780199278084.
    7. Jamie Peck & Nik Theodore & Neil Brenner, 2013. "Neoliberal Urbanism Redux?," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 37(3), pages 1091-1099, May.
    8. Brett Christophers, 2013. "A Monstrous Hybrid: The Political Economy of Housing in Early Twenty-first Century Sweden," New Political Economy, Taylor & Francis Journals, vol. 18(6), pages 885-911, December.
    9. Anders Lund Hansen & Hans Thor Andersen & Eric Clark, 2001. "Creative Copenhagen: Globalization, Urban Governance and Social Change," European Planning Studies, Taylor & Francis Journals, vol. 9(7), pages 851-869, October.
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Malcolm Sawyer, 2016. "Graziani's analysis of the circuit: does it extend to the era of financialisation?," Review of Keynesian Economics, Edward Elgar Publishing, vol. 4(3), pages 303-315, July.
    2. Lancastle, Neil, 2012. "Circuit theory extended: The role of speculation in crises," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy (IfW), vol. 6, pages =1-27.

    More about this item


    monetary circuit; financialisation; saving; investment;

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:


    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:wpaper18. 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.