Gustavo Guntren | Universidad de Buenos Aires (original) (raw)
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The 2008 global financial crisis showed the profound interrelation between the international fina... more The 2008 global financial crisis showed the profound interrelation between the international financial system and the local housing market of some of the core capitalist nations like the USA and the UK. A crisis that started in the United States’ subprime mortgage market quickly evolved into a global economic crisis because of the structural transformation that took place during the financialisation of the world economy.
The different currents of the financialisation theory have provided insightful research about the determinant role played by national governments as enablers of the financialisation process. Although we agree that this is one of the most important aspects to understand the phenomenon, we consider that it is also important to observe the actions taken by the state to undermine the logics of financialisation and its specific outcomes in the periphery.
The aim of this paper is to analyse the Argentine government’s policies that had an impact on the interaction between the national housing market and the international financial system in the aftermath of the 2008 global financial crisis.
The 2008 global financial crisis showed the profound interrelation between the international fina... more The 2008 global financial crisis showed the profound interrelation between the international financial system and the local housing market of some of the core capitalist nations like the USA and the UK. A crisis that started in the United States’ subprime mortgage market quickly evolved into a global economic crisis because of the structural transformation that took place during the financialisation of the world economy.
The different currents of the financialisation theory have provided insightful research about the determinant role played by national governments as enablers of the financialisation process. Although we agree that this is one of the most important aspects to understand the phenomenon, we consider that it is also important to observe the actions taken by the state to undermine the logics of financialisation and its specific outcomes in the periphery.
The aim of this paper is to analyse the Argentine government’s policies that had an impact on the interaction between the national housing market and the international financial system in the aftermath of the 2008 global financial crisis.