Daniele Tori
@DrDaToRi
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Lecturer | Financial Economist | Researcher Following, T and RT ≠ endorsement. Views are my own {?}
Joined June 2013
🚨 New Article Out Now 🚨.“The Monetary Circuit in a Financialized Economy. From Credit Creation to Profit Realization” with Eugenio Caverzasi and Alberto Botta, has been published in @ReviewofPE @Lprochon .
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In financialized capitalism, banks offload loans through securitization, creating layers of financial claims while shrinking the stock of bank money. The result? A top-heavy monetary pyramid that collapses fast when trust vanishes.
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In this paper, we show how securitization and household credit are now key to profit realization. We argue that financialization isn’t a bug in the system: it’s the system working as designed. But this comes at a price: more fragility, more risk, and more fictitious liquidity.
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RT @karimbitar: “The cruellest irony is that 40 years ago, Netanyahu advocated selling.weapons to Iran to avoid an all-out Iraqi victory. (….
ft.com
The Israeli prime minister has consistently misread the region since the 1980s, dooming it to endless cycles of violence
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RT @economicthought: Chapter: Production and Distribution of Wealth; the Founding Fathers, by Marco Missaglia & Gianni Vaggi . https://t.co….
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Drawing upon a large and unique hand-collected dataset of #portfolio holdings on a year-on-year basis, comprising 27,058 #securities, and using an event analysis, we discuss how ITs have been forerunners of modern professional asset management.
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We examine professional #assetmanagement in the UK in the 1880s and 1890s focusing on #investmenttrust (ITs) during the Baring crisis. ITs occupied a middle ground in an era in which professional advice was scarce and passive investment impossible.
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Our paper titled "UK investment trusts and the Baring crisis" is now available open access on Business History. @BH__journal @DPSotiropoulos @JRutterford.
tandfonline.com
This study examines professional asset management in the UK in the 1880s and 1890s focusing on investment trusts during the financial episode of the Baring crisis. It draws upon a large and unique ...
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RT @MonetaCredito: Siamo lieti di informarvi che é online il nuovo fascicolo di Moneta e Credito V. 77 N. 307 (2024): Settembre. Qui i ti….
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RT @ecoInsubria: Eugenio Caverzasi (@gegecaver) in Berlin presenting "The Monetary Circuit in a Developed Financial System: From Credit Cre….
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This great blog by @gegecaver for @AAGraziani provides insights into his/our research journey
This week, we feature a contribution from Eugenio Caverzasi. The author reflects on how Graziani's work has profoundly shaped his understanding of monetary economics, particularly influencing his analysis of the financial system and its development.
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RT @AAGraziani: This week, we feature a contribution from Eugenio Caverzasi. The author reflects on how Graziani's work has profoundly shap….
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🚨 New WP alert! This @PKEconSoc WP dives into the impact of #securitization & structured products in capitalist economies. Using Graziani's #monetarycircuittheory and US bank data, we highlight how #financialinnovation drives profit monetization- yet heighten systemic fragility.
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