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The Rise of Finance: Causes, Consequences and Cures Hardcover - 2019

by V. Anantha Nageswaran; Gulzar Natarajan


From the publisher

Financialisation, or the disproportionate importance of financial considerations in economic decisions, has been a defining feature of the economic history of the last twenty-five years. The wave of deregulation that accompanied the neoliberal agenda in the US, aided by the dominance of US dollar and American economy, has resulted in the globalisation of finance. This book examines the rise of financialisation globally, while charting its drawbacks and prescribing suggestions for a definitive overhaul of the structure. Bringing together various strands of the latest research and evidence generated in recent years, empirical analysis, and views of reputed experts in the field, it presents a counter-point to the canonical ideas of analysing financial market dynamics and financial globalisation. It proposes a revision of the current monetary policy paradigm to correct its excessive focus on equity markets and their 'wealth effect', embrace a more symmetric response to the economic cycle, and a mandate to focus on financial stability as much as price stability.

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  • Title The Rise of Finance: Causes, Consequences and Cures
  • Author V. Anantha Nageswaran; Gulzar Natarajan
  • Binding Hardcover
  • Pages 306
  • Volumes 1
  • Language ENG
  • Publisher Cambridge University Press
  • Date 2019-05-23
  • Features Bibliography, Index
  • ISBN 9781108482349 / 1108482341
  • Weight 1.27 lbs (0.58 kg)
  • Dimensions 9 x 6 x 0.75 in (22.86 x 15.24 x 1.91 cm)
  • Library of Congress subjects Finance, Economics
  • Library of Congress Catalog Number 2019033422
  • Dewey Decimal Code 332
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