Ward, C;
Van Loon, J;
Wijburg, G;
(2019)
Neoliberal Europeanisation, Variegated Financialisation: Common but Divergent Economic Trajectories in the Netherlands, United Kingdom and Germany.
Tijdschrift voor Economische en Sociale Geografie
, 110
(2)
pp. 123-137.
10.1111/tesg.12342.
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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.
| Type: | Article |
|---|---|
| Title: | Neoliberal Europeanisation, Variegated Financialisation: Common but Divergent Economic Trajectories in the Netherlands, United Kingdom and Germany |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1111/tesg.12342 |
| Publisher version: | https://doi.org/10.1111/tesg.12342 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Social Sciences, Economics, Geography, Business & Economics, Germany, United Kingdom, the Netherlands, variegated financialisation, balance sheets, European Union, POLITICAL-ECONOMY, FINANCIALIZATION, FINANCE, KEYNESIANISM, GEOGRAPHIES, CAPITALISM, MARKETS, CRISIS |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > The Bartlett School of Planning |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10088127 |
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