Financialization and the Consumer Credit Boom
Financialization and the Consumer Credit Boom
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金融化和消费信贷繁荣
DOI：
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发表时间：
2008
期刊：
影响因子：
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通讯作者：
P. Langley
中科院分区：
文献类型：
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作者：
P. Langley
回顾过去，“金融化”的概念突出了各种工具的所有权债权的发行和交易的大规模增长。它还为将金融市场的这些变化与公司管理和治理的学科变革联系起来的研究开辟了道路。然而，一旦从文化政治经济学的角度重新审视这一概念，并将金融市场的变化与英美经济体的消费信贷繁荣联系起来，金融化研究就有了未来的前景。基于贷款人对违约风险的精心创造和管理，资产支持证券和信用衍生品市场应运而生，它们对汽车贷款、信用卡等借款人的未来还款进行债权交易。节俭和谨慎在扩大个人自由和安全方面不再是最重要的，而是被负责任和企业家的会议，管理和操纵未偿还债务所取代。
Viewed in retrospect, the concept of ‘financialization’ highlights the massive growth in the issue and trading of ownership claims on all manner of instruments. It has also opened the way for research linking these changes in the financial markets to disciplinary transformations in corporate management and governance. There are, however, future prospects for financialization research once the concept is re-worked from a cultural political economy perspective and changes in the financial markets are linked to the consumer credit boom in Anglo-American economies. Grounded in the calculative creation and management of default risk by lenders, markets for asset-backed securities and credit derivatives have emerged that trade claims on the future repayments of borrowers on car loans, credit cards and so on. Disciplinary transformations also arise in everyday financial self-government. Thrift and prudence are no longer paramount in extending individual freedom and security, but are displaced by the responsible and entrepreneurial meeting, management and manipulation of outstanding obligations.