Monetary adjustment and inflation of financial claims in the UK after 1980

Book chapter


Lepper, John, Shabani, M., Toporowski, Jan and Tyson, Judith 2016. Monetary adjustment and inflation of financial claims in the UK after 1980. in: Hein, Eckhard, Detzer, Daniel and Dodig, Nina (ed.) Financialisation and the Financial and Economic Crises Cheltenham Edward Elgar. pp. 68-88
AuthorsLepper, John, Shabani, M., Toporowski, Jan and Tyson, Judith
EditorsHein, Eckhard, Detzer, Daniel and Dodig, Nina
Abstract

This chapter explores two ways in which the UK financial system and the real economy developed out of step after 1980. It shows that companies and households took advantage of the easing of financial regulation by securing credit against assets with decreasing regard to the underlying real value of those assets. Hence, in the UK, financialisation largely took the form of inflation of financial claims.

Book titleFinancialisation and the Financial and Economic Crises
Page range68-88
Year2016
PublisherEdward Elgar
Publication dates
Print27 May 2016
Publication process dates
Deposited06 Dec 2017
Place of publicationCheltenham
Series New Directions in Modern Economics series
ISBN9781785362378
Digital Object Identifier (DOI)doi:10.4337/9781785362385
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