Changes in the financial market - Has the financial sector become separated from the real economy?

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Features: The role of international financial markets in the public mind has become increasingly important, far exceeding the situation several decades ago. Without a doubt, the scale of financial markets has grown faster than that of product and service markets over the past one to two decades. However, we are not yet clear whether this phenomenon is beneficial or implies certain risks. This book discusses and categorizes the debate over the separation of financial markets from the real economy, establishing a scientific framework for further research. Based on the separation hypothesis, we outline the logical structure of the arguments from different perspectives (phenomena, causes, and consequences). Following this structure, we examine various models and facts.