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9 - Conclusion

Published online by Cambridge University Press:  07 August 2025

Mareike Beck
Affiliation:
University of Warwick
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Summary

The conclusion summarises the book and reflects on what is at stake in reconceptualising the transformation of European banking as extroverted financialisation. It contemplates recent financial endeavours to ‘improve’ our global financial architecture and finds most somewhat lacking in their ability to introduce a global financial system that serves social rather than financial ends. In fact, missing the implications of EF, some of these endeavours have the potential to worsen, rather than improve, the threats of credit crunches and crises. Alternatively, we might be better off to consider more radical solutions that tackle the very nature of USD debt creation and the financial architecture itself.

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Type
Chapter
Information
Extroverted Financialisation
Banking on US Dollar Debt
, pp. 162 - 174
Publisher: Cambridge University Press
Print publication year: 2025

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  • Conclusion
  • Mareike Beck, University of Warwick
  • Book: Extroverted Financialisation
  • Online publication: 07 August 2025
  • Chapter DOI: https://doi.org/10.1017/9781009411790.009
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  • Conclusion
  • Mareike Beck, University of Warwick
  • Book: Extroverted Financialisation
  • Online publication: 07 August 2025
  • Chapter DOI: https://doi.org/10.1017/9781009411790.009
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Conclusion
  • Mareike Beck, University of Warwick
  • Book: Extroverted Financialisation
  • Online publication: 07 August 2025
  • Chapter DOI: https://doi.org/10.1017/9781009411790.009
Available formats
×