000			01800 a2200241 4500
005			20191223172924.0
008			191217b xxu||||| |||| 00| 0 eng d
020			_a9781108482349
040			_cIIT Kanpur
041			_aeng
082			_a332 _bN134r
100			_aNageswaran, V. Anantha
245			_aThe rise of finance _bcauses, consequences and cures _cV. Anantha Nageswaran and Gulzar Natarajan; foreword by Y.V. Reddy
260			_bCambridge University Press _c2019 _aCambridge
300			_axvi, 287p
520			_aFinancialisation, or the disproportionate importance of financial considerations in economic decisions, has been a defining feature of the economic history of the last twenty-five years. The wave of deregulation that accompanied the neoliberal agenda in the US, aided by the dominance of US dollar and American economy, has resulted in the globalisation of finance. This book examines the rise of financialisation globally, while charting its drawbacks and prescribing suggestions for a definitive overhaul of the structure. Bringing together various strands of the latest research and evidence generated in recent years, empirical analysis, and views of reputed experts in the field, it presents a counter-point to the canonical ideas of analysing financial market dynamics and financial globalisation. It proposes a revision of the current monetary policy paradigm to correct its excessive focus on equity markets and their 'wealth effect', embrace a more symmetric response to the economic cycle, and a mandate to focus on financial stability as much as price stability.
650			_aFinancialization
650			_aGlobalization -- Economic aspects
650			_aMonetary policy
700			_aNatarajan, Gulzar
700			_aReddy, Y. V. [fore.]
942			_cBK
999			_c561068 _d561068