Financialization and the World Economy

TL;DR: The authors analyzes recent transformations in Japanese corporate governance within the context of the 2002 reform of the Japanese Commercial Code and the ensuing legislations and argues that this shift is caused by the newly emerging regime of veridiction.

TL;DR: It is argued that society should be unconcerned with the conflict that exists between HFT and traditional market makers in today’s fragmented markets and should instead focus on the effects these participants have on the long-term investors.

TL;DR: In this paper, the impact of financialisation in the economy on firms' access to finance in 138 developing countries was explored using a consistent firm-level data from the World Banks Enterprise Surveys.

TL;DR: In this paper, the authors proposed a blockchain-based approach to finance in the context of profit and loss sharing, which has the potential to reduce the risk and to increase productivity.

TL;DR: The authors showed that the large shocks that capital owners experienced during the Great Depression and World War II have had a permanent effect on top capital incomes and argued that steep progressive income and estate taxation may have prevented large fortunes from fully recovering from these shocks.

TL;DR: In this paper, the authors discuss the role of Bretton-woods and the endorsement of capital controls in the emergence of global finance and the slow and limited move to convertibility.

TL;DR: Greider's seminal bestseller "Secrets of the Temple" as discussed by the authors reveals how the US Federal Reserve operates and manipulates and the world's economy during the last eight crucial years.