PPT-Financialisation

and the Big Society what is it and is it happening Professor Peter Wells The Big Society Localism and Housing Policy an ESRC Seminar Series University of St Andrews 1314 March 2014 Context. and Industry. Diverse Regional Responses to the Global Crisis: Implications for Finance and the Real Economy . Muttukadu. Chennai Jan 2015. Sushil. Khanna. Indian Institute of Management Calcutta . Malcolm Sawyer. University of Leeds, UK and FESSUD. Structure of presentation. Some remarks on nature of financialisation. Financialisation and economic performance. The appropriate roles of the financial sector. F. inancialisation. Andrew Brown. andrew@lubs.leeds.ac.uk. The views expressed during the execution of the FESSUD project, in whatever form and or by whatever medium, are the sole responsibility of the authors. The European Union is not liable for any use that may be made of the information contained therein. Why bond markets?. Issue not whether bond markets are good or not, but whether they can emerge and grow and if so how and with what implications.. If a market for long term bonds exists, along with a liquid secondary market to trade them, this provides an alternative way of financing long term investment without much mismatch of liquidity and maturity.. of residential housing . Amsterdam case study. EC Joint Research Centre. Territorial Development Unit (JRC.B3). ricardo.barranco@ec.europa.eu. chris.jacobs-crisioni@ec.europa.eu. European Week of Regions and Cities. Financialisation. Definition. Drivers. Characteristics. Economic consequences. What do we mean by financialisation?. the shareholder value model of corporate governance and the ROE-norm. money manager capitalism (Minsky) .