Financialization
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| Format: | Thesis |
| Kulcsszavak: | economics Financialization global growth Phenomena |
| Online Access: | http://dolgozattar.uni-bge.hu/44192 |
| Abstract: | The most common definition of "financialization" comes from Gerald Epstein and states that it refers to the growing significance of financial markets, financial motives, financial institutions, and financial elites in the functioning of the economy and the institutions that govern it, both on the national and international levels (Epstein, 2005). The topic of household financialization is scarcely addressed in the literature and this is evidenced by the number of labels used to describe this phenomena, the second reason which suggests that the phenomena of financialization and even more the issue on financialization of the household has not been examined very clearly yet, is the absence of unambiguous definitions. (Kata & Chmiel, 2017) My channel of information will focus mostly on the economy of the United States, where financialization appears to be most prominent. On the basis of the growth in the proportion of rentier income, it appears that financialization has infected all developed countries. As such, the objectives of this paper are primarily descriptive and conceptual in nature, and the main idea is to inform, then examines the available data for what it reveals about the rise of finance in the economy of the United States as well as to examine how financialization impacts households in the United States. As the phenomena presented it is so broad, I limited it the present research by only evaluating their level of debt. Research of a qualitative type was carried out by utilizing written materials, secondary literary sources including books, case studies, articles, and other documents of a similar kind, as well as pertinent statistics data. My findings and a conclusion I've drawn from all the information in this article are provided in the last chapter, which should shed some light on the problem I set out to examine. |
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