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Neoliberal Europeanisation, Variegated Financialisation: Common but Divergent Economic Trajectories in the Netherlands, United Kingdom and Germany

Neoliberal Europeanisation, Variegated Financialisation: Common but Divergent Economic... Revisiting attempts to connect comparative political economy and the geographies of finance, we present a balance sheet analysis of financialisation in the UK, the Netherlands, and Germany from 1992–2012. We define financialisation broadly as a trend towards a greater reliance on assets and/or debt, with particular manifestations across different domains of the economy: a greater reliance on financial tools and metrics for the state and non‐financial corporations, a shift to market‐based banking and increasing dependence on credit or asset‐based welfare for households. We use OECD time‐series balance sheet data and qualitative accounts drawn from the literature to overview economic change in our case countries. Using this informal comparison we develop the concept of ‘variegated financialisation’ by exploring the common but not convergent financialising trajectories of our case countries and relating them to the politics of finance’s institutional embedding. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Tijdschrift Voor Economische En Sociale Geografie Wiley

Neoliberal Europeanisation, Variegated Financialisation: Common but Divergent Economic Trajectories in the Netherlands, United Kingdom and Germany

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References (53)

Publisher
Wiley
Copyright
"© 2019 Royal Dutch Geographical Society KNAG"
ISSN
0040-747X
eISSN
1467-9663
DOI
10.1111/tesg.12342
Publisher site
See Article on Publisher Site

Abstract

Revisiting attempts to connect comparative political economy and the geographies of finance, we present a balance sheet analysis of financialisation in the UK, the Netherlands, and Germany from 1992–2012. We define financialisation broadly as a trend towards a greater reliance on assets and/or debt, with particular manifestations across different domains of the economy: a greater reliance on financial tools and metrics for the state and non‐financial corporations, a shift to market‐based banking and increasing dependence on credit or asset‐based welfare for households. We use OECD time‐series balance sheet data and qualitative accounts drawn from the literature to overview economic change in our case countries. Using this informal comparison we develop the concept of ‘variegated financialisation’ by exploring the common but not convergent financialising trajectories of our case countries and relating them to the politics of finance’s institutional embedding.

Journal

Tijdschrift Voor Economische En Sociale GeografieWiley

Published: Apr 1, 2019

Keywords: ; ; ; ; ;

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