Héctor Labat Moles, Le capitalisme dominé par la finance après le « shadow banking » : Implications analytiques, d’instabilité financière et macroéconomiques
The term "shadow banking" spread after the global financial crisis despite lacking any consensual definition. Heterodox authors adopted it without a comprehensive evaluation of its implications. This dissertation aims at reassessing the analysis of shadow banking within the heterodox tradi...
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Association Recherche & Régulation
2023-12-01
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| Series: | Revue de la Régulation |
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| Online Access: | https://journals.openedition.org/regulation/23403 |
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| author | Héctor Labat Moles |
| author_facet | Héctor Labat Moles |
| author_sort | Héctor Labat Moles |
| collection | DOAJ |
| description | The term "shadow banking" spread after the global financial crisis despite lacking any consensual definition. Heterodox authors adopted it without a comprehensive evaluation of its implications. This dissertation aims at reassessing the analysis of shadow banking within the heterodox tradition of finance-dominated capitalism macroeconomics from three angles: conceptual, analytical and empirical. First, the dissertation revisits shadow banking literature showing that "shadow banking" is a polysemic and polymorph term due to its competing uses as both a theory fix and a regulatory perimeter. Second, the dissertation exposes the inconvenience of shadow banking as an analytical category due to its polysemy, its political use and its inconsistency with heterodox theory, putting forward a conceptual reframing. Finally, the dissertation assesses empirically the macroeconomic implications of shadow banking studying the case of Spain (1998-2019) with the supermultiplier demand-led growth-decomposition methodology. |
| format | Article |
| id | doaj-art-c76bcf92e3e9487ca07de371f54c1aa8 |
| institution | Kabale University |
| issn | 1957-7796 |
| language | English |
| publishDate | 2023-12-01 |
| publisher | Association Recherche & Régulation |
| record_format | Article |
| series | Revue de la Régulation |
| spelling | doaj-art-c76bcf92e3e9487ca07de371f54c1aa82025-01-30T14:27:08ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962023-12-013510.4000/regulation.23403Héctor Labat Moles, Le capitalisme dominé par la finance après le « shadow banking » : Implications analytiques, d’instabilité financière et macroéconomiquesHéctor Labat MolesThe term "shadow banking" spread after the global financial crisis despite lacking any consensual definition. Heterodox authors adopted it without a comprehensive evaluation of its implications. This dissertation aims at reassessing the analysis of shadow banking within the heterodox tradition of finance-dominated capitalism macroeconomics from three angles: conceptual, analytical and empirical. First, the dissertation revisits shadow banking literature showing that "shadow banking" is a polysemic and polymorph term due to its competing uses as both a theory fix and a regulatory perimeter. Second, the dissertation exposes the inconvenience of shadow banking as an analytical category due to its polysemy, its political use and its inconsistency with heterodox theory, putting forward a conceptual reframing. Finally, the dissertation assesses empirically the macroeconomic implications of shadow banking studying the case of Spain (1998-2019) with the supermultiplier demand-led growth-decomposition methodology.https://journals.openedition.org/regulation/23403shadow bankingfinancial regulationsupermultiplierfinancial instabilityglobal financial crisisfinance-dominated capitalism |
| spellingShingle | Héctor Labat Moles Héctor Labat Moles, Le capitalisme dominé par la finance après le « shadow banking » : Implications analytiques, d’instabilité financière et macroéconomiques Revue de la Régulation shadow banking financial regulation supermultiplier financial instability global financial crisis finance-dominated capitalism |
| title | Héctor Labat Moles, Le capitalisme dominé par la finance après le « shadow banking » : Implications analytiques, d’instabilité financière et macroéconomiques |
| title_full | Héctor Labat Moles, Le capitalisme dominé par la finance après le « shadow banking » : Implications analytiques, d’instabilité financière et macroéconomiques |
| title_fullStr | Héctor Labat Moles, Le capitalisme dominé par la finance après le « shadow banking » : Implications analytiques, d’instabilité financière et macroéconomiques |
| title_full_unstemmed | Héctor Labat Moles, Le capitalisme dominé par la finance après le « shadow banking » : Implications analytiques, d’instabilité financière et macroéconomiques |
| title_short | Héctor Labat Moles, Le capitalisme dominé par la finance après le « shadow banking » : Implications analytiques, d’instabilité financière et macroéconomiques |
| title_sort | hector labat moles le capitalisme domine par la finance apres le shadow banking implications analytiques d instabilite financiere et macroeconomiques |
| topic | shadow banking financial regulation supermultiplier financial instability global financial crisis finance-dominated capitalism |
| url | https://journals.openedition.org/regulation/23403 |
| work_keys_str_mv | AT hectorlabatmoles hectorlabatmoleslecapitalismedomineparlafinanceapresleshadowbankingimplicationsanalytiquesdinstabilitefinanciereetmacroeconomiques |