Working Paper No. 869 June 24, 2016

Have We Been Here Before?

Phases of Financialization within the 20th Century in the United States

by Apostolos Fasianos, Diego Guevara, and Christos Pierros

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Bard College
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The Levy Economics Institute of Bard College, founded in 1986 through the generous support of Bard College trustee Leon Levy, is a nonprofit, nonpartisan, public policy research organization. The Levy Institute is independent of any political or other affiliation, and encourages diversity of opinion in the examination of economic policy issues while striving to transform ideological arguments into informed debate.