Abstract

LEVY, Noemi. Financialization and Economic Development problems. Cuad. Econ. [online]. 2019, vol.38, n.76, pp.207-229. ISSN 0121-4772.  https://doi.org/10.15446/cuad.econ.v37n76.60786.

In this paper are revised the different heterodox approaches on finance, that differentiate the production processes and the investment finished goods, considering the different financial structures of developed and developing economies. The article views of Keynes, the circuitists, and Kalecki on debt creation and debt destruction are revised as well as the role of profit recirculation, and the forms they adopt in developing countries. The discussion includes the effects of the financialization era on production and investment finance.

JEL: E12, E44, O43, N26.

Keywords : Heterodox finance theories; financial structures; financialization; developing economies..

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