Revista de economía mundial -- V. 46., (2017)

Permanent URI for this collectionhttps://hdl.handle.net/10272/13963

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Now showing 1 - 9 of 9

War of attrition and power of inaction: The Spanish financial crisis its lessons for the European Banking Union
(Universidad de Huelva, 2017) Otero Iglesias, Miguel; Royo, Sebastián; Steinberg Wechsler, Federico
The aim of this paper is to analyse the main causes of the Spanish financial crisis (2009/12). Risk mismanagement in the "war of attrition" between the main stakeholders (the central and regional governements, the Bank of Spain and the cajas), which was furtherreinforced by the "power of inaction" of the big SpanishBanks: Santander and BBVA
The extent and variegation of financialisation in Europe: a preliminary analysis
(Universidad de Huelva, 2017) Brown, Andrew; Spencer, David A.; Veronese Passarella, Marco
This paper provides a preliminary analisys of the variegated extent of financialisation of European economies since circa 1980. For this purpose, the broad characterisation of financialisation offered by Fine (2012) is adopted. This characterisation identifies eight features of the financialisation proccess. We focus in particular on the financial sector within a selection of Europeam economies. Data show that the financialisation process is not reflected in the share of employment in the financial sector. This is likely to be the result of the labour-saving nature of technological and organisational innovations introduced in the financial sector in the last two decades.
Perspectives on financialisation and crises in Europe
(Universidad de Huelva, 2017) García Arias, Jorge; Horn, Laura; Toporowski, Jan
This edititorial introduction highlights fundamental issues of financialisation in Europe, with particular focus on the interlinkages with recent and ongoing crises. Following an overview of core axes of current discussion in the literature, the editors present the contributions to the especial section, and conclude with an outlook on the relevance of continued discussions of financialisation
Pension funds and financialisation in the European Union
(Universidad de Huelva, 2017) Bonizzi, Bruno; Churchill, Jennifer
The expansion and innovation of financial markets, commonly known as financialisation, is closely linked to the growth of pension funds. While the conventional narrative is based on the notion of financial development as a positive change, this paperargues that pension funds may induce demand-led pressures on the financial system, generating potencial for systemic risk and instability. The rise of pension funds is therefore important for the process of financialisation, as these institutions` demand for assets continuously sparks growth and innovation in financial markets.
Influencia del emprendimiento sobre el crecimiento económico y la eficiencia: importancia de la calidad institucional y la innovación social desde una perspectiva internacional
(Universidad de Huelva, 2017) Jorge Moreno, Justo de
Este trabajo tiene un doble objetivo: el análisis de la influencia del emprendimiento sobre el crecimiento económico y los efectos de la calidad institucional, la innovación social, y el emprendimiento sobre la eficiencia en un panel completo/incompleto de 31/49 países en el período 2004-2014. La propuesta metodológica consiste en la utilización de funciones de producción estocástica (Greene, 2005)
Financialisation in the Post-Yugoslav Region: monetary policy, credit money and dollarization
(Universidad de Huelva, 2017) Zivkovi, Andreja
This paper considers long term processes of financialisation in the former and Post-Yugoslavia. Reegional monetary policy has since the 1980s defended the value of credit money in order to facilitate international capital flows. It is argued that the monetary system of fixed exchange rates, inflation targeting and capital account liberalisation has institutionalised the subordinate financialisation and dollarization of the region
Financialisation and work in the Eu: inequality, debt and labour market segmentation
(Universidad de Huelva, 2017) Sntos, Ana C.; Lopes, Cláudia A.; Betzelt, Sigrid
This article examines the link between financialisation and work in five EU countries representative of different types of financial system and welfare regime: Sweden, Germany, the UK, Portugal and Polannd. This is done by way of a crosss-country comparative exercise that analyses micro-level survey data on household income, debt, and working conditions. Notwithstanding some differences across the countries, living conditions have worsened after the global financial crisis (GFC) for a substantial number of households, as reflected in respondents`reports of declining household income, recourse to debt to cover living expenses and deteriorated employment relation. As the finance-work nexus has been more detrimental to low-income and non-standard workers in Germany and Poland, the article concludes that the impacts of financialisatios on well-being cannot be simply infarred from the sizes of national financial systems or the extent of household engagement with finance, nor from extant welfare regime typologies. To better account for these impacts one also needs to consider the more intermediate effects of finance on well-being through labour market segmentation
Financialisation as the core problem for a "Social Europe"
(Universidad de Huelva, 2017) Nölke, Andreas
For more than three decades, increasing financialisation has been a core feature of the European economy. This process does not only lead to economic instability, but also to social inequality. A driving force of financialisation in Europe are the internal market institutions of the European Union, aggravated through the introduction of the Euro and the programmes for rescuing the common currency.
Análisis del nivel de riqueza y desarrollo social en las regiones europeas
(Universidad de Huelva, 2017) Prada Blanco, Albino; Sánchez Fernández, Patricio
En este trabajo se analizan las regiones europeas en función de su clasificación en términos de riqueza material y la derivada de diversos índices sintéticos de desarrollo utilizando los atributos y variables que lo caracterizan. Con esta finalidad recurrimos en primer lugar a dos indicadores diferentes: uno que sigue la metodología PNUD y otro que aplica el análisis multivariante factorial. Los recursos obtenidos permiten identificar qué regiones transforman mejor el crecimiento en desarrollo social, y qué dimensiones o variables del desarrollo son las responsables de los cambios de posición en los diversos rankings

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