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Financial Market Drift

Decoupling of the Financial Sector from the Real Economy?

  • Book
  • © 2001

Overview

Authors:
  1. Lukas Menkhoff

    1. Department of Economics, Universität Hannover, Hannover, Germany

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  2. Norbert Tolksdorf

    1. Faculty of Economics, RWTH Aachen, Aachen, Germany

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  • The book is on the borderline between financial and real economy

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Table of contents (6 chapters)

  1. Front Matter

    Pages I-IX
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  2. Introduction

    • Lukas Menkhoff, Norbert Tolksdorf
    Pages 1-10

  3. The relative sizes of the financial sector and the real economy

    • Lukas Menkhoff, Norbert Tolksdorf
    Pages 11-63

  4. Current empirical studies of decoupling characteristics

    • Lukas Menkhoff, Norbert Tolksdorf
    Pages 65-122

  5. Analysis of possible decoupling consequences for the financial sector

    • Lukas Menkhoff, Norbert Tolksdorf
    Pages 123-182

  6. Economic policy: Assessment and options

    • Lukas Menkhoff, Norbert Tolksdorf
    Pages 183-194

  7. Concluding assessment of the decoupling hypothesis

    • Lukas Menkhoff, Norbert Tolksdorf
    Pages 195-200

  8. Back Matter

    Pages 201-233
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Keywords

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.

Authors and Affiliations

  • Department of Economics, Universität Hannover, Hannover, Germany

    Lukas Menkhoff

  • Faculty of Economics, RWTH Aachen, Aachen, Germany

    Norbert Tolksdorf

Bibliographic Information

  • Book Title: Financial Market Drift

  • Book Subtitle: Decoupling of the Financial Sector from the Real Economy?

  • Authors: Lukas Menkhoff, Norbert Tolksdorf

  • DOI: https://doi.org/10.1007/978-3-642-56581-6

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin · Heidelberg 2001

  • Hardcover ISBN: 978-3-540-41165-9Published: 04 December 2000

  • Softcover ISBN: 978-3-642-62507-7Published: 01 November 2012

  • eBook ISBN: 978-3-642-56581-6Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: IX, 234

  • Topics: Macroeconomics/Monetary Economics//Financial Economics, International Economics

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