Published online by Cambridge University Press: 07 August 2025
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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