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dc.contributor.authorKarwowski, Ewa
dc.contributor.authorShabani, Mimoza
dc.date.accessioned2021-05-18T14:45:01Z
dc.date.available2021-05-18T14:45:01Z
dc.date.issued2020-07-16
dc.identifier.citationKarwowski , E & Shabani , M 2020 , The Japanese balance sheet recession 20 years on : Abenomics – solution or corporate financialisation? in Unconventional Monetary Policy and Financial Stability: The Case of Japan . Routledge .
dc.identifier.isbn9780367145958
dc.identifier.otherPURE: 24751046
dc.identifier.otherPURE UUID: eb00b1cf-4298-4322-9439-af25923e08bc
dc.identifier.otherORCID: /0000-0001-6350-1839/work/94251028
dc.identifier.urihttp://hdl.handle.net/2299/24505
dc.description© 2020. This is the accepted manuscript version of a chapter which has been published in final form at https://www.routledge.com/Unconventional-Monetary-Policy-and-Financial-Stability-The-Case-of-Japan/Stenfors-Toporowski/p/book/9780367145958#:~:text=Unconventional%20Monetary%20Policy%20and%20Financial%20Stability%20critically%20assesses%20the%20measures,impact%20on%20the%20financial%20markets.
dc.description.abstractWe conduct an analysis of Japanese firms’ income sources (a la Krippner, 2005) and their balance sheets, using flow of funds data. Given our results, we argue then that Abenomics has neither led to a sustainable recovery in firms’ spending nor to their financialisation. It is important to acknowledge instances where households, firms or entire economies do not show signs of financialisation instead of labelling their deviating characteristics as signs of ‘variegated financialisation’. Overstretching the financialisation concept – as some critics argue has already happened (Toporowski & Michell, 2011; Christophers, 2012) – will render it vague and devoid of meaning. Our original contribution is, thereforel, twofold: On the one hand, we provide an assessment of the effectiveness of Abenomics in stimulating corporate investment. On the other hand, we assess whether Japan can comprehended as a financialised economy.en
dc.language.isoeng
dc.publisherRoutledge
dc.relation.ispartofUnconventional Monetary Policy and Financial Stability: The Case of Japan
dc.rightsEmbargoed
dc.titleThe Japanese balance sheet recession 20 years on : Abenomics – solution or corporate financialisation?en
dc.contributor.institutionDepartment of Accounting, Finance and Economics
dc.contributor.institutionHertfordshire Business School
dc.contributor.institutionOrganisation, Markets and Policy Research Group
dc.date.embargoedUntil2022-01-16
dc.relation.schoolHertfordshire Business School
dc.description.versiontypeFinal Accepted Version
dcterms.dateAccepted2020-07-16
rioxxterms.versionAM
rioxxterms.typeOther
herts.preservation.rarelyaccessedtrue
herts.rights.accesstypeEmbargoed


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