‘FIRE’ on the horizon. The role of the state in the process of financialization of a national economy-Reference-Cited by-同舟云学术

‘FIRE’ on the horizon. The role of the state in the process of financialization of a national economy

Published:2024-03-04 Issue: Volume: Page:
ISSN:1024-5294
Container-title:Competition & Change
language:en
Short-container-title:Competition & Change

Author:

Laborda Juan¹^ORCID,Villena Andrés²

Affiliation:

1. Department of Organization Engineering, Business Administration and Statistics, Universidad Politécnica de Madrid, Madrid, Spain

2. Department of Applied and Public Economics, and Political Economy, University Complutense, Madrid, Spain

Abstract

This paper opens the black box of the role of the state when regulating the process of financialization of a national economy. For this purpose, we firstly study two recent Spanish executives’ closeness and similarity to financial, insurance and real estate sectors – usually identified as the ‘FIRE sector’. We secondly study how the process of specific law production and regulation during two different political terms has significant effects in the finance, insurance, and real estate complex. Our research explains that this specific regulation is related to the evolution of the FIRE sector in Spain, something that reflects the role of state agencies to favour financialization dynamics.

Publisher

SAGE Publications

Link

http://journals.sagepub.com/doi/pdf/10.1177/10245294241237365

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