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What is Financialisation

Handbook of Research on Financial and Banking Crisis Prediction through Early Warning Systems
Defined broadly as a concept similar to that of globalization, is a term used to describe the increasing role of financial motives, financial markets, financial actors, and financial institutions in the smooth running and operation of both the domestic and the international economy.
Published in Chapter:
Predicting Global Financial Meltdown and Systemic Banking Failure: An Assessment of Early Warning Systems (EWSs) and Their Current Relevance
Shefali Virkar (University of Oxford, UK)
DOI: 10.4018/978-1-4666-9484-2.ch003
Abstract
The last two decades of international financial history have witnessed an unprecedented increase in the number of episodes of financial distress; wherein the incidence of these episodes has not been restricted to national boundaries as localised systemic incidents but have instead been spread to other countries and across regions in the form of financial contagion. This book chapter proposes a detailed discussion and analysis of the scholarly and practitioner literature used to conceptualise and to encapsulate the theoretical construct of an Early Warning System (EWS) developed to predict and mitigate the onset and persistence of systemic banking failures and financial crises. The models that constitute the focus of this overview are pivotal to the prediction of systemic banking meltdowns, either on their own or as constituent elements of other methodological approaches that contribute significantly towards the design and development of an Early Warning System.
Full Text Chapter Download: US $37.50 Add to Cart
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Integrated Reporting for Inclusive and Sustainable Global Capitalism
Represents the continuous growth in prominence of financial markets, financial innovations, financial institutions, and financial elites in the operations of an economic system and its governing institutions, both at the national and international levels.
Full Text Chapter Download: US $37.50 Add to Cart
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