Includes bibliographical references and index.

"This book examines the rise of financialization globally while charting its drawbacks and prescribing suggestions for a definitive overhaul of the structure. Bringing together various strands of the latest research and evidence generated in recent years, empirical analysis, and views of reputed experts in the field, it presents a counterpoint to the canonical frameworks of analysing financial market dynamics and financial globalization. It proposes a revision of the current monetary policy paradigm to correct its excessive focus on equity markets and their 'wealth effect', embrace a more symmetric response to the economic"--