Research economists explore and review the literature on the long-run transition towards finance-dominated capitalism and the implications for macroeconomic and financial
stability--particularly for the recent global financial and economic crises. These recent crises indicate the demise of finance dominated capitalism, they argue, not in the sense that it will
vanish, but that in the future it will not be able to generate sustainable high growth rates in the mature capitalist economies. Among the topics are an overview of theories of financial crises
as cumulative processes, five explanations for the international financial crisis, and financial deregulation and the 2007-08 US financial crisis. Annotation ©2015 Ringgold, Inc., Portland, OR
(protoview.com)
