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Financial Market Drift

Decoupling of the Financial Sector from the Real Economy?

  • Lukas Menkhoff
  • Norbert Tolksdorf
Book

Table of contents

  1. Front Matter
    Pages I-IX
  2. Lukas Menkhoff, Norbert Tolksdorf
    Pages 1-10
  3. Lukas Menkhoff, Norbert Tolksdorf
    Pages 11-63
  4. Lukas Menkhoff, Norbert Tolksdorf
    Pages 65-122
  5. Lukas Menkhoff, Norbert Tolksdorf
    Pages 123-182
  6. Lukas Menkhoff, Norbert Tolksdorf
    Pages 183-194
  7. Lukas Menkhoff, Norbert Tolksdorf
    Pages 195-200
  8. Back Matter
    Pages 201-233

About this book

Introduction

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.

Keywords

Financial Sector Finanzmärkte Finanzwirtschaft financial economics financial markets finanzieller Sektor

Authors and affiliations

  • Lukas Menkhoff
    • 1
  • Norbert Tolksdorf
    • 2
  1. 1.Department of EconomicsUniversität HannoverHannoverGermany
  2. 2.Faculty of EconomicsRWTH AachenAachenGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-56581-6
  • Copyright Information Springer-Verlag Berlin · Heidelberg 2001
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-62507-7
  • Online ISBN 978-3-642-56581-6
  • Buy this book on publisher's site