Financial Market Drift

Decoupling of the Financial Sector from the Real Economy?

Authors: Menkhoff, Lukas, Tolksdorf, Norbert

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About this book

International financial markets play an increasing role in the mind of the general public, much more than they did a few decades ago. There can be no doubt that the size of financial markets has grown at a faster pace than the markets for goods and services in the past ten or twenty years. However, it is still unclear whether this is a desirable development, or whether it indicates looming risks. The book documents and classifies the debate about the potential decoupling of the financial sector from the real economy, and then to introduce it into the context of established scientific lines of research. We try to provide a logical structuring of the heterogeneous arguments by postulating a decoupling hypothesis (phenomena, causes, consequences). Various models are presented in this structure and stylized facts can be isolated.

Table of contents (6 chapters)

  • Introduction

    Menkhoff, Lukas (et al.)

    Pages 1-10

  • The relative sizes of the financial sector and the real economy

    Menkhoff, Lukas (et al.)

    Pages 11-63

  • Current empirical studies of decoupling characteristics

    Menkhoff, Lukas (et al.)

    Pages 65-122

  • Analysis of possible decoupling consequences for the financial sector

    Menkhoff, Lukas (et al.)

    Pages 123-182

  • Economic policy: Assessment and options

    Menkhoff, Lukas (et al.)

    Pages 183-194

Buy this book

eBook $74.99
price for USA (gross)
  • ISBN 978-3-642-56581-6
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-3-540-41165-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $99.00
price for USA
  • ISBN 978-3-642-62507-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Financial Market Drift
Book Subtitle
Decoupling of the Financial Sector from the Real Economy?
Authors
Copyright
2001
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin ยท Heidelberg
eBook ISBN
978-3-642-56581-6
DOI
10.1007/978-3-642-56581-6
Hardcover ISBN
978-3-540-41165-9
Softcover ISBN
978-3-642-62507-7
Edition Number
1
Number of Pages
IX, 234
Topics