Search results for "Financiarisation"
showing 3 items of 3 documents
Les mouvements de capitaux en union économique et monétaire : approches historiques et théoriques
2019
The liberalization of international capital flows seems linked to the increase and worsening of financial crisis. Since the financial crisis in 2007-2008, the ideological dimension of “happy globalization” has brought to light and given new strength to dissentient voices that could not be heard before. This thesis tries to evaluate the importance of capital flows on the stability of à financial system. Its purpose is to compare different financial systems and levels of financial liberalization, using the Economic and Monetary Union as an example because it combined full liberalization of the capital market within the zone a well as in relations with the outside. We have considered the need …
Crisis económica y desarrollo metropolitano. Una propuesta de investigación
2015
[EN] The metropolitan areas have undergone deep transformations linked to neo-liberal globalization, whose effects have been disseminated with uneven intensity depending on their specific local paths. The current economic crisis and the austerity policies applied in the European periphery shows their contradictions and causes new social and spatial asymmetries that are best reflected in these large urban areas, modifying their development paths. This paper proposes an interpretation on the territorial dimension of the economic crisis, discusses some of its main metropolitan manifestations and proposes various lines of research. The effect of the financialisation in the production of urban s…
Systèmes financiers et canaux de transmission de la politique monétaire
2010
This dissertation analyses the consequences of transformations in the financial sphere on the transmission channels of decisions in monetary policy in industrialized countries over the past several years. We observe that as a result of these transformations, banking institutions have evolved from an originate to hold model to an originate to distribute model. This has enabled banks to turn more toward derivative products and credit risk transfer instruments. We demonstrate that these techniques of active/passive management have completely revolutionized the theoretical foundations of traditional channels and in particular the credit channel. Our analysis of these landmark changes is organiz…