Ciclo de conferencias "Global finance and financial crisis"
Fecha: 29 y 30 de septiembre y 1 de octubrede 2015, 12:00 a 14:30 hrs.
Lugar: 29 de septiembre - Sala David Ibarra Muñoz, Facultad de Economía, Edificio B, 2do. piso
30 de septiembre y 1 de octubrede 2015 - Aula Magna Jesús Silva Herzog, Edificio B, 1er piso
Organizador: Posgrado de la Facultad de Economía
Programa
Versión descargable del programa
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"Financialisation: A General Overview"
- Heterodox views on financialisation
- An Alternative view of financialisation
- Policy implications of financialisation
Suggested reading:
- Epstein, G (2005), Introduction, in Epstein, G (ed.), Financialization and the World Economy, Edward Elgar
- Fine, B (2013-4) Financialization from a Marxist Perspective, International Journal of Political economy, Vol.42, 47-66
- Fine, B. (2010) Locating Financialisation, Historical Materialism, Vol. 18, 97-116
- Krippner, G (2005), The Financialization of the American Economy, Socio-Economic Review, Vol.3, 173-208
- Lysandrou, P, The Colonisation of the Future: An Alternative View of Financialisation and its Portents, under review with the Cambridge Journal of Economics.
- Michell, J and Toporowski, J (2013-14), Critical Observations on Financialization and the Financial Process, International Journal of Political Economy, Vol.42, 67-82
- Stockhammer, E (2012), Financialization in Toporowski, J and Michel, J (eds) Handbook of Critical Issues in Finance, Edward Elgar
- Van der Zwan, N. (2014), Making sense of financialization, Socio-Economic Review, Vol.12, 99-129
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"The role of the banking system in the financial crisis"
- The financial securities at the heart of the crisis: ABS and CDOs
- The role of the shadow banking sector
- The role of the hedge funds
Suggested reading:
- Caballero, R. J. (2010), ‘The "Other" Imbalance and the Financial Crisis’, Working Paper, No. 15636, NBER.
- Demyanyk, Y. and Van Hemert, O. (2011), Understanding the Subprime Mortgage Crisis. Review of Financial Studies, vol. 24(6), 1848-1880.
- Lysandrou, P and Nesvetailova, A (2015), The Role of Shadow Banking Entities in the Subprime Crisis: A Disaggregated View, Review of International Political Economy
- Lysandrou, P (2012) The primacy of hedge funds in the subprime crisis, Journal of Post-Keynesian Economics
- Palma, J.G. (2009), The revenge of the market on the rentiers: why neo-liberal reports of the end of history turned out to be premature, Cambridge Journal of Economics, vol. 33(4), 829–869.
- The Financial Crisis Inquiry Commission 2011. The Financial Crisis Inquiry Report: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States, Washington, DC: U.S. Government Printing Office.
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"The role of inequality in the financial crisis"
- Income dispersion and the supply of CDOs
- Wealth concentration and the demand for CDOs
- The primacy of inequality as the structural cause of the crisis
Suggested reading:
- Goda, T and Lysandrou, P (2014), The contribution of wealth concentration to the subprime crisis: A quantitative estimation, Cambridge Journal of Economics
- Kumhof, M., and Ranciere, R. (2010), ‘Inequality, Leverage and Crises’, Working Paper, No. 10/268, IMF.
- Lysandrou, P. (2011), Global inequality as one of the root causes of the financial crisis: a suggested explanation, Economy and Society, vol. 40(3), 323-344.
- Rajan, R. (2010), Fault Lines. How Hidden Fractures Still Threaten the World Economy, Princeton, Princeton University Press.
- Stockhammer, E. (2012), ‘Rising Inequality as a root cause of the present crisis’, Working Paper, No. 282, University of Massachusetts (PERI).
- Van Treeck, T. (2013), Did inequality cause the U.S. financial crisis?, Journal of Economic Surveys, early online view: DOI: 10.1111/joes.12028.
- Van Treeck, T., and Sturn, S. (2012), ‘Income inequality as a cause of the Great Recession? A survey of current debates’, Conditions of Work and Employment Series, No. 39, ILO.