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Extinderea financiarizarii si accentuarea fragilitatii sistemului financiar

Author

Listed:
  • IANCU, Aurel

    (National Institute of Economic Research, Romanian Academy)

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 securitisation process and using the financial derivatives on a large scale. Considered endogenous factors, they all increase the fragility of the financial system.

Suggested Citation

  • IANCU, Aurel, 2013. "Extinderea financiarizarii si accentuarea fragilitatii sistemului financiar," Studii Economice 130128, National Institute of Economic Research.
  • Handle: RePEc:ror:seince:130128
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    File URL: http://www.studii-economice.ro/2013/seince130128.pdf
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    Cited by:

    1. Mihaiteanu Sanda, 2014. "Significant Aspects Related To Financial Instability In Romania, Under The Constraints Imposed By The European Integration," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 167-174, July.

    More about this item

    Keywords

    financialisation; financial sector; stock market; shadow banking; indebtedness; financial innovation; securitisation; financial derivatives;

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G01 - Financial Economics - - General - - - Financial Crises
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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