Public Banks In The Age Of Financialization
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Public Banks In The Age Of Financialization
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Author : Christoph Scherrer
language : en
Publisher: Edward Elgar Publishing
Release Date : 2017-11-24
Public Banks In The Age Of Financialization written by Christoph Scherrer and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-24 with categories.
This book asks the important question of whether public banks are a better alternative to profit-seeking private banks. Do public banks provide finance for development? Do they serve as stability anchors in financial markets? What kind of governance keeps public banks accountable to the public? Theoretically the book draws on the works of Minsky for the question on stability and on interpretative policy analysis for the issue of governance. It compares empirically three countries with significant public banks: Brazil, Germany, and India.
Finance In An Age Of Austerity
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Author : Johnston Birchall
language : en
Publisher: Edward Elgar Publishing
Release Date : 2013-01-01
Finance In An Age Of Austerity written by Johnston Birchall and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-01 with Business & Economics categories.
This is a book in search of an alternative to the discredited investor-owned banks that have brought the rich countries into crisis and the world economy into a long period of austerity. It finds customer-owned banks Ð credit unions, co-operative banks, building societies Ð have hardly been affected by the crisis and continue to operate according to their organisational DNA: low-risk, close to the customer, underpinned by real savings, and still lending to SMEs to protect jobs and local economies. They are big business Ð in some countries with over 40% of the market Ð but networked in smaller, democratic societies whose origins go back to 1850s Germany. The book explores their history and current situation, measures the impact of the banking crisis, makes a systematic study of their advantages, compares them to alternatives (savings banks and micro-finance institutions), and investigates their supervision and governance structures. It provides hard evidence for the superiority of customer-owned banks. Finance in an Age of Austerity will appeal to public policy analysts and political commentators, academics and students interested in current issues concerning banking regulation, supervision and governance. Social commentators and campaigners concerned with providing an ethical alternative to Ôcasino capitalismÕ and social economists wanting to develop a critique of the investor-owned banking system will also find this book invaluable. It will be essential reading for banking specialists interested in broadening their understanding of a hidden sector that, since the crisis, has become much more significant.
Public Health Systems In The Age Of Financialization
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Author : Ana Carolina Lot Canellas Cordilha
language : en
Publisher: BRILL
Release Date : 2023-06-26
Public Health Systems In The Age Of Financialization written by Ana Carolina Lot Canellas Cordilha and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-26 with Social Science categories.
In Public Health Systems in the Age of Financialization, Ana Carolina Cordilha unpacks policy shifts that have transformed public health systems into vehicles for financial speculation and capital accumulation. While it is commonly thought that these systems are being cut back in the period of financialization, the author shows that current changes in public health financing go far beyond budget cuts and privatization measures. She examines how public health systems are adopting financial instruments and participating in financial accumulation strategies, with harmful impacts on transparency, democratic accountability, and health service provision. With an in-depth study of both the French and Brazilian systems, Cordilha explores the different ways in which this process unfolds in central and peripheral countries.
States Banks And Crisis
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Author : Thomas Marois
language : en
Publisher: Edward Elgar Publishing
Release Date : 2012-05-01
States Banks And Crisis written by Thomas Marois and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-01 with Business & Economics categories.
''Thomas Marois'' book, States, Banks and Crisis, is highly attractive to development scholars because of the combinations of topics it discusses, the countries analyzed, and its characterization of financial capital as dominant. In the last century the states of Mexico and Turkey promoted robust economic growth guided by powerful public banking organizations. The book captures how this came to a halt since the 1980s through the privatizing of economic activity, especially banking activities in ways that induced steep banking crises that halted economic development. Marois discusses the theory and history of Mexico and Turkey in depth offering an excellent analysis of their neoliberal experiences while proposing new alternatives to reshape the linkages between the financial sector and economic growth.'' Noemí Levy, National Autonomous University of Mexico (UNAM), Mexico City ''This book attempts to provide a critique of neoclassical and liberal political economists as well as the much-hyped and influential "varieties of capitalism" approach, a variant of institutionalist political economy, by claiming that they are dismissive of "the structural power of financial capital". In this regard, it makes an important contribution to the critical political economy tradition with its detailed analysis of the relations between the state, finance capital and labour in the context of two "emerging capitalisms", Mexico and Turkey. Thereby, it enhances our understanding of how the financial crises function as driving forces of neoliberal transformation by initiating new forms of state specific to peripheral capitalism.'' Galip Yalman, Middle East Technical University, Turkey ''As analysts fixated on the financial crisis convulsing the core capitalist countries, the so-called "emerging markets" also saw stunning tranformations in the world of finance capitalism. This remarkable study by Tom Marois carefully dissects the evolution of the banking industry in two of the most significant state-led capitalisms, Turkey and Mexico, as they formed finance-led neoliberal economic policies. The consequences for their development strategies makes for sober reading. This is a unique and crucial study for students of the comparative political economy of contemporary capitalism.'' Greg Albo, York University, Canada ''Financialization is as financialization does. It is a mix of the universal characteristics of finance within capitalism, its contemporary powerful hold over, even defining feature of, the neoliberal age, and the myriad of specific global markets and countries into which it has penetrated. In a stunning work of comparative political economy, Marois brilliantly weaves together these aspects of finance drawing on both innovative theoretical insights and primary case study evidence from Turkey and Mexico to furnish what will become a classic and original contribution to the understanding of financialization in the developing world, highlighting both the role of the state in the era of putatively free markets and the possibility, indeed, necessity of alternatives.'' Ben Fine, University of London, UK ''Marois has provided us with a fascinating, rigorous and important study of the rise and persistence of finance capitalism in Mexico and Turkey. Drawing on an innovative historical materialist lens, Marois'' analysis reveals the struggles, contradictions, and continued significance of the banking sector in defining and redefining neoliberal-led development in these so-called "emerging markets". This is a very welcome addition to critical understandings of the role of finance and states in the global South.'' Susanne Soederberg, Queen''s University, Canada Thomas Marois'' groundbreaking interpretation of banking and development in Mexico and Turkey builds on a Marxian-inspired framework premised on understanding states and banks as social relationships alongside crisis and labor as vital to finance today. The book''s rich historical and empirical content reveals definite institutionalized relationships of power that mainstream political economists often miss. While leading to a timely analysis of the impact of the Great Recession on Mexico and Turkey, the major contribution of States, Banks and Crisis in its account of emerging finance capitalism. This is defined as the current phase of accumulation wherein the interests of financial capital are fused in the state apparatus as the institutionalized priorities and overarching social logic guiding the actions of state managers and government elites, often to the detriment of labor. This interdisciplinary and accessible study on banking and development will prove to be an important resource for upper-level undergraduates, graduates, and scholars in economics, development studies, political science, political economy, development finance, sociology, international relations and international political economy.
Public Banks
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Author : Thomas Marois
language : en
Publisher: Cambridge University Press
Release Date : 2023-05-11
Public Banks written by Thomas Marois and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-05-11 with Business & Economics categories.
Public banks are banks located within the public sphere of a state. They are pervasive, with more than 900 institutions worldwide, and powerful, with tens of trillions in assets. Public banks are neither essentially good nor bad. Rather, they are dynamic institutions, made and remade by contentious social forces. As the first single-authored book on public banks, this timely intervention examines how these institutions can confront the crisis of climate finance and catalyse a green and just transition. The author explores six case studies across the globe, demonstrating that public banks have acquired the representative structures, financial capacity, institutional knowledge, collaborative networks, and geographical reach to tackle decarbonisation, definancialisation, and democratisation. These institutions are not without contradictions, torn as they are between contending public and private interests in class-divided society. Ultimately, social forces and struggles shape how and if public banks serve the public good.
Bank Privatization And Performance
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Author : Thorsten Beck
language : en
Publisher: World Bank Publications
Release Date : 2005
Bank Privatization And Performance written by Thorsten Beck and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Banks and banking categories.
"Beck, Cull, and Jerome assess the effect of privatization on performance in a panel of Nigerian banks for the period 1990--2001. They find evidence of performance improvement in nine banks that were privatized, which is remarkable given the inhospitable environment for true financial intermediation. Their results also suggest negative effects of the continuing minority government ownership on the performance of many Nigerian banks. The authors' results complement aggregate indications of decreasing financial intermediation over the 1990s. Banks that focused on investment in government bonds and non-lending activities enjoyed a relatively higher performance. This paper--a product of the Finance Team, Development Research Group--is part of a larger effort in the group to study the effects of bank privatization in developing countries"--World Bank web site.
The Age Of Central Banks
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Author : Curzio Giannini
language : en
Publisher: Edward Elgar Pub
Release Date : 2011
The Age Of Central Banks written by Curzio Giannini and has been published by Edward Elgar Pub this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
Examining the interactions between central banks, private sector financial intermediaries and the government, Curzio Giannini also tackles the workings of the international monetary system in general.
Labor In The Age Of Finance
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Author : Sanford M. Jacoby
language : en
Publisher: Princeton University Press
Release Date : 2021-06
Labor In The Age Of Finance written by Sanford M. Jacoby and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06 with Business & Economics categories.
From award-winning economic historian Sanford M. Jacoby, a fascinating and important study of the labor movement and shareholder capitalism Since the 1970s, American unions have shrunk dramatically, as has their economic clout. Labor in the Age of Finance traces the search for new sources of power, showing how unions turned financialization to their advantage. Sanford Jacoby catalogs the array of allies and finance-based tactics labor deployed to stanch membership losses in the private sector. By leveraging pension capital, unions restructured corporate governance around issues like executive pay and accountability. In Congress, they drew on their political influence to press for corporate reforms in the wake of business scandals and the financial crisis. The effort restrained imperial CEOs but could not bridge the divide between workers and owners. Wages lagged behind investor returns, feeding the inequality identified by Occupy Wall Street. And labor’s slide continued. A compelling blend of history, economics, and politics, Labor in the Age of Finance explores the paradox of capital bestowing power to labor in the tumultuous era of Enron, Lehman Brothers, and Dodd-Frank.
The Age Of Austerity
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Author : Thomas J. Schoenbaum
language : en
Publisher: Edward Elgar Publishing
Release Date : 2012-01-01
The Age Of Austerity written by Thomas J. Schoenbaum and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-01 with Political Science categories.
This provocative look at the global financial crisis argues that the United States, the European Union and Japan have intentionally and unwittingly adopted wrong-headed economic policies in a futile attempt to deal with sovereign debt resulting from the global financial crisis. It offers persuasive evidence of how the politics of austerity fail to encourage economic recovery, and proposes instead a number of alternative ideas and solutions. The book begins with a detailed breakdown of the financial crisis and the government response in the United States, with particular focus on the Dodd-Frank Wall Street Reform and Consumer Protection Act. The author then puts forth a basic three-part plan calling for (1) fundamental tax and entitlement reform; (2) massive economic stimulus in the form of public and private investment to modernize the countryÍs aging infrastructures; and (3) mortgage relief to revitalize the nationÍs housing markets. The book concludes with specific policy proposals designed to achieve these goals and return the US economy to a state of full employment and robust economic growth. This timely and insightful volume will appeal to students and scholars of economics, public policy and finance, as well as anyone with an interest in the recent economic history of the United States.
Money Banking Trade And Public Finance
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Author : M. C. Vaish
language : en
Publisher:
Release Date : 1996
Money Banking Trade And Public Finance written by M. C. Vaish and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.
In This Edition, A Full Chapter On Government And The Economy Has Been Added Which Discusses The Role Of The State In Economic Life Of The People. In Addition To This, The Chapters On International Finance, Institutions And International Trade Have Particularly Been Strengthened Through The Addition Of Latest Available Data.The Book Is An Excellent Treatise On The Subject Covering Systematic Discussion Of Carefully Chosen Topics. The Book Has Been Organised Into 53 Chapters Divided Into Six Integrated Parts. Part One Is Devoted To The Discussion Of Theoretical Importance And Practical Role Of Money In The Economy. Part Two Of The Book Is Largely Concerned With The Study Of The Development Of Money Market, Commercial Banks, Central Banking And Discussion Of Different Money Markets And Monetary Policy. Part Three Contains Five Important Theoretical Topics On Foreign Trade And Sector Of The Economy. Part Four Discusses The Development And Functioning Of The Various International Financial Institutions And The Problems Of International Liquidity. Part Five Is Devoted To The Discussion Of Theory Of International Trade And Other Related Topics. Part Six Explains The Theory Of Public Finance And Its Various Aspects Like, Nature And Scope, Principle Of Maximum Social Advantage, Public Expenditure, Public Revenue, Taxation And Public Debt.The Book Is Primarily Meant For Undergraduate Students Of Indian Universities And Various Competitive Examinations.