Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/110442
Authors: 
Iancu, Aurel
Year of Publication: 
2013
Series/Report no.: 
Working Papers of National Institute of Economic Research, Romanian Academy 130307
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 of the securitisation process and using the financial derivatives on a large scale. Considered endogenous factors, they all increase the fragility of the financial system.
Subjects: 
financialisation
financial sector
stock market
shadow banking
indebtedness
financial innovation
securitisation
financial derivatives
JEL: 
E44
G01
G18
G23
G24
G28
G32
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.