Routledge Critical Studies in Finance and Stability
About the Book Series
The 2007-8 Banking Crash has induced a major and wide-ranging discussion on the subject of financial (in)stability and a need to revaluate theory and policy. The response of policy-makers to the crisis has been to refocus fiscal and monetary policy on financial stabilisation and reconstruction. However, this has been done with only vague ideas of bank recapitalisation and ‘Keynesian’ reflation aroused by the exigencies of the crisis, rather than the application of any systematic theory or theories of financial instability.
Routledge Critical Studies in Finance and Stability, edited by Jan Toporowski from SOAS, University of London covers a range of issues in the area of finance including instability, systemic failure, financial macroeconomics in the vein of Hyman P. Minsky, Ben Bernanke and Mark Gertler, central bank operations, financial regulation, developing countries and financial crises, new portfolio theory and New International Monetary and Financial Architecture.
Financial Crises and Regulation: A Heterodox Approach
1st Edition
By Samba Diop
June 30, 2026
The bank failures of the early 2020s challenged the view that the financial reforms implemented after the 2007-2009 financial crisis had strengthened the robustness of the financial system. Despite the commonly held belief that measures such as the Basel framework and Dodd Frank Act had provided ...
The Banking Ecosystem: A New Conceptual Framework for Financial Institutions
1st Edition
Edited
By Agata Gemzik-Salwach
June 30, 2026
Identifying the key challenges faced by modern banks in a dynamically changing economic, regulatory, technological, and social environment, this book proposes an original concept of the banking ecosystem. In this framework, a bank is not merely a service provider but a supportive and cooperative ...
Financial Regulators and Macroprudential Policy
1st Edition
By Walter James
September 19, 2025
The 2008 global financial crisis was a rude awakening for financial regulators. In its wake, a novel approach called “macroprudential policy” became an important pillar of financial regulation to ensure the stability of the financial system. But in the decade after the crisis, financial regulators ...
Decentralised Finance: Critical Perspectives
1st Edition
By Loïc Sauce
June 18, 2025
Since the inception of Bitcoin in 2009, cryptoassets and decentralised finance (DeFi) have become a multi-trillion-dollar industry, with a growing number of users, entrepreneurs, investment funds and institutional investors all over the world. This has led to understandably high levels of attention...
Central Banking in a Post-Pandemic World: Challenges, Opportunities, and Dilemmas
1st Edition
Edited
By Mustafa Yağcı
December 18, 2024
This book addresses the urgent need to examine central bank policies in response to the global supply and demand shock brought on by the Covid-19 pandemic, asking whether central banks are doing enough to address inequalities and concerns around climate change and emerging technologies. Adopting ...
Financialisation in Emerging Economies: Changes in Central Banking
1st Edition
By Juan Pablo Painceira
May 31, 2023
Since the beginning of the 2000s, emerging market economies, or middle-income countries, have embarked on major changes in their domestic financial systems. These changes – in which central banks have been key players – are shaped by the process of financialisation, which can generally be ...
Emerging Economies and the Global Financial System: Post-Keynesian Analysis
1st Edition
Edited
By Bruno Bonizzi, Annina Kaltenbrunner, Raquel A. Ramos
January 09, 2023
This book provides a comprehensive overview of the financial integration of emerging economies through an in-depth analysis of the international monetary system, how it impacts capital flows and exchange rates, and its implications for policy making. The financial integration of emerging ...
Financialization and Macroeconomics: The Impact on Social Welfare in Advanced Economies
1st Edition
By Giovanni Scarano
December 30, 2022
Financialisation has become a widely discussed and debated term leading to a plurality of perspectives, but no fixed definition or single reading. This book presents a critical exploration and review of the current literature on financialisation, focusing on the financialisation of NFCs and its ...
Financialisation in the European Periphery: Work and Social Reproduction in Portugal
1st Edition
Edited
By Ana Cordeiro Santos, Nuno Teles
April 29, 2022
In many European countries, the process of financialisation has been exacerbated by the project of closer EU integration and accelerated as a result of austerity policies introduced after the Euro crisis of 2010–2012. However, the impact has been felt differently in core and peripheral countries. ...
The Political Economy of Central Banking in Emerging Economies
1st Edition
Edited
By Mustafa Yağcı
April 29, 2022
Since the start of the Global Financial Crisis in 2008, research on central banking has gained momentum due to unusual levels of central bank activism and unconventional monetary policy measures in many countries. While these policies drew significant attention to advanced economy central banks, ...
Unconventional Monetary Policy and Financial Stability: The Case of Japan
1st Edition
Edited
By Alexis Stenfors, Jan Toporowski
April 29, 2022
Since the financial crisis of 2008-09, central bankers around the world have been forced to abandon conventional monetary policy tools in favour of unconventional policies such as quantitative easing, forward guidance, lowering the interest rate paid on bank reserves into negative territory, and ...
Evolutionary Financial Macroeconomics
1st Edition
By Giorgos Argitis
April 01, 2021
Thorstein Veblen and Hyman Minsky are seminal thinkers who place great importance on the interaction between processes that link finance and financial markets with economic and social evolution. This book makes a contribution to the recontextualisation of the habitual, non-evolutionary and ...