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- W2155120798 abstract "The concept of ‘finance’ or the ‘financial system’ can be confusing. The assumption is that the financial system consists of related markets trading in a variety of financial instruments that are ultimately of a similar nature. In the late-19th century, however, financial assets have bifurcated into broadly two classes of property titles: incorporeal assets and intangible assets. This article argues that interrelations between the two classes of assets have generated pro-cyclical trends that are not dealt with by current regulation. It argues that these pro-cyclical trends can be even more confusing in the age of globalisation." @default.
- W2155120798 created "2016-06-24" @default.
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- W2155120798 date "2013-02-01" @default.
- W2155120798 modified "2023-09-27" @default.
- W2155120798 title "The financial crisis and intangible value" @default.
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- W2155120798 doi "https://doi.org/10.1177/0309816812472967" @default.
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