CHANGING ROLE OF THE FINANCIAL SECTOR IN THE U.S. ECONOMY: FROM INTERMEDIATION TO DOMINANCE
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CHANGING ROLE OF THE FINANCIAL SECTOR IN THE U.S. ECONOMY: FROM INTERMEDIATION TO DOMINANCE
Annotation
PII
S268667300000616-7-1
Publication type
Article
Status
Published
Edition
Pages
65-80
Abstract
Analyzing different aspects of the U.S. financial sector activity in the second half of the 20th and the early 21st centuries the author shows that many structural changes in this sector no longer fulfill an important intermediary function enjoying instead the dominant position in many social and economic processes.
Keywords
financial sector, credit, mortgage, securitization, asset management industry, speculative trading
Date of publication
11.10.2014
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0
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895
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