Abstract
It is an accepted fact at the time of writing that financial phenomena have the ability to wreak havoc on the economy. As Fahrer (2007, p. 21) notes:
the financial economy is growing to a level where it is starting to influence more profoundly the fundamentals of the real economy […]. Regulators are focusing much more on asset bubble risks or a potential hedge fund crisis with risks crystallising in the financial economy because of the wash-over effects on the real economy.
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Pilkington, M. (2009). The Financialization of Modern Economies in Monetary Circuit Theory. In: Ponsot, JF., Rossi, S. (eds) The Political Economy of Monetary Circuits. Palgrave Macmillan, London. https://doi.org/10.1057/9780230245723_10
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DOI: https://doi.org/10.1057/9780230245723_10
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