Financial markets: masters or servants?

Quiggin, John (2011) Financial markets: masters or servants?. Politics and Society, 39 3: 331-345. doi:10.1177/0032329211415502

Author Quiggin, John
Title Financial markets: masters or servants?
Journal name Politics and Society   Check publisher's open access policy
ISSN 0032-3292
Publication date 2011-09
Sub-type Article (original research)
DOI 10.1177/0032329211415502
Volume 39
Issue 3
Start page 331
End page 345
Total pages 15
Place of publication Thousand Oaks, CA, United States
Publisher Sage Publications
Language eng
Abstract hroughout the history of capitalism, there have been tensions between financial institutions and the state, and between financial capital and the firms and households engaged in the production and consumption of physical goods and services. Periods of financial sector dominance have regularly ended in spectacular panics and crashes, often resulting in the liquidation of large numbers of financial institutions and the reimposition of regulatory controls previously dismissed as outmoded and unnecessary. The aim of this article is to consider measures to restore financial markets to their proper role, as servants rather than masters of the market economy and the society within which it is embedded.
Keyword Financial regulation
Global financial crisis
Narrow banking
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collection: School of Economics Publications
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Citation counts: TR Web of Science Citation Count  Cited 2 times in Thomson Reuters Web of Science Article | Citations
Scopus Citation Count Cited 3 times in Scopus Article | Citations
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