The financialization of local governments: evidence from the Italian case

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Derivatives markets emblematically reflect the rise of finance in modern capitalism (Bryan and Rafferty, 2006; Wigan, 2009, a multifaceted process known as financialisation (Engelen, 2008). The notional value of global over-the-counter (OTC) derivatives was $553 trillion at the end of June 2015 (BIS, 2015). This huge sum raises questions concerning why individuals use derivatives and how these practices spread differentially across the world.
Original languageEnglish
Title of host publicationThe Routledge companion to banking regulation and reform
EditorsIsmail Erturk, Daniela Gabor
Place of PublicationAbingdon, UK
PublisherRoutledge
Chapter11
Pages208–222
Number of pages15
ISBN (Electronic)9780203733462
ISBN (Print)9780415855938
DOIs
Publication statusPublished - 14 Sept 2016

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