Bruno Bonizzi
Dados Biográficos
| ID | 1399005 |
|---|---|
| NOME | Bruno Bonizzi |
| PRENOMES | Bruno |
| SOBRENOME | Bonizzi |
| ASSINATURA | BONIZZI B |
| AFILIAÇÕES | University of Hertfordshire |
| ORCID | 0000-0003-0122-8739 |
| VERIFICADO | Sim |
| TOTAL DE OBRAS | 11 |
| TOTAL DE CITAÇÕES | 142 |
| TOTAL COMO AUTOR | 11 |
| TOTAL COMO EDITOR | 0 |
| PRIMEIRO ANO DE PUBLICAÇÃO | 2013 |
| ANO MAIS RECENTE DE PUBLICAÇÃO | 2025 |
| ÍNDICE H | 5 |
Pension financialization and workplace pension wealth inequality
The growth of Defined Contribution (DC) pensions, in which retirement depends on individual savings and financial market investments, has been a key aspect of household financialization. This article examines the impact of the shift from Defined Benefit to DC pensions on workplace pension wealth inequality in Britain. We propose a conceptual framework to interpret the effect of this shift, highlighting four key channels through which DC pensions …
Asset-manager society and international financial subordination
This essay critically engages with the concept of asset-manager society (AMS) proposed by Brett Christophers. We begin by drawing out its five key elements through a contrast with the related but distinct concept of asset-manager capitalism. We then ask to what extent AMS can be observed in the countries of the Global South, which are characterised by a subordinate position in international money and financial markets. We conclude by highlighting…
International financial subordination in the age of asset manager capitalism
The rise of asset managers as key nodes of financial intermediation has been one of the most fundamental changes in the global economy over recent years. An emerging literature on asset manager capitalism (AMC) discusses these changes and its implications, though largely in the context of corporate governance in advanced capitalist economies. This paper expands the remit of the AMC literature to spaces outside the global capitalist core, and asse…
UK pension funds’ patience and liquidity in the age of market-based finance
Pension funds have often failed to meet expectations in terms of providing ‘patient capital’. Explanations for this lapse have ranged over regulatory and ideational factors. We argue that a new ‘impatient’ phenomenon is emerging that requires further explanation: pension funds are becoming more mindful of their liquidity and collateral management, and engage in pro-cyclical investment behaviour. We show how UK pension funds have adapted their inv…
International financial subordination
Despite a varied picture in terms of their relative economic strength, Developing and Emerging Economies (DEEs) remain in a subordinate position in the global monetary and financial system. While the IPE and economics literatures provide rich insights about the significance of this phenomenon, research efforts remain fragmented. To address this problem, we offer an umbrella concept—international financial subordination (IFS)—to channel research e…
Variegated financialization and pension fund asset demand
This article seeks to explain concretely how one 'variegation' of financialization in the emerging economy setting is being shaped by the growth of domestic pension funds. Taking Colombia and Perú as case studies, we explore the evolution of pension fund demand subsequent to substantial pension policy reforms in the 1990s. Drawing on comparative political economy and the recent literature on subordinate financialization in emerging economies, we …
Critical macro-finance, Post Keynesian monetary theory and emerging economies
In our contribution to this forum, we suggest that critical macro-finance (CMF) scholars and Post Keynesian monetary theorists would profit from a more explicit engagement with each other. Post Keynesian scholars would benefit from the detailed empirical insights that CMF provides, particularly through its analysis of non-bank financial institutions and the conceptual focus on liquidity and liabilities. Meanwhile, the CMF literature would benefit…
Liability-driven investment and pension fund exposure to emerging markets
This paper explores the determinants and implications of the growing allocation of insurance companies and pension funds to emerging markets. The key contention put forward is that liabilities are at the core of the portfolio choice of insurance companies and pension funds, and that this has important consequences for the stability of asset demand. The paper supports this contention with a theoretical framework based on Hyman Minsky and the resul…
Global Liquidity, the Private Sector and Debt Sustainability in Sub-Saharan Africa
This article analyses the effect of changes in international financial markets on the debt dynamics in sub-Saharan Africa in recent years. A key development is the rise of the private sector as both a lender and a borrower in African debt markets, a process that is associated with the growing integration of the region into global financial markets. The article argues that the Debt Sustainability Framework of the International Monetary Fund and Wo…
International financialisation, developing countries and the contradictions of privatised Keynesianism
This paper contributes to the understanding of the impact of international financialisation on developing countries. It is generally understood that developing economies are part of the global financialisation process, as exporters of goods to ‘debt-led’ economies and as recipient of foreign capital inflows. This paper argues that a key process connecting these two aspects has been ‘privatised Keynesianism’, the policy regime that sustained finan…
Financialization in Developing and Emerging Countries
This article attempts to summarize the growing literature on "financialization" in developing and emerging countries. This includes the different theoretical and empirical works that have explicitly referred to the increasing role of finance in such countries as financialization, as well as the recent developments in non-conventional approaches to finance and development. The article covers the main theoretical approaches that have been used to e…
International financial subordination
Despite a varied picture in terms of their relative economic strength, Developing and Emerging Economies (DEEs) remain in a subordinate position in the global monetary and financial system. While the IPE and economics literatures provide rich insights about the significance of this phenomenon, research efforts remain fragmented. To address this problem, we offer an umbrella concept—international financial subordination (IFS)—to channel research e…
Financialization in Developing and Emerging Countries
This article attempts to summarize the growing literature on "financialization" in developing and emerging countries. This includes the different theoretical and empirical works that have explicitly referred to the increasing role of finance in such countries as financialization, as well as the recent developments in non-conventional approaches to finance and development. The article covers the main theoretical approaches that have been used to e…
Variegated financialization and pension fund asset demand
This article seeks to explain concretely how one 'variegation' of financialization in the emerging economy setting is being shaped by the growth of domestic pension funds. Taking Colombia and Perú as case studies, we explore the evolution of pension fund demand subsequent to substantial pension policy reforms in the 1990s. Drawing on comparative political economy and the recent literature on subordinate financialization in emerging economies, we …
Liability-driven investment and pension fund exposure to emerging markets
This paper explores the determinants and implications of the growing allocation of insurance companies and pension funds to emerging markets. The key contention put forward is that liabilities are at the core of the portfolio choice of insurance companies and pension funds, and that this has important consequences for the stability of asset demand. The paper supports this contention with a theoretical framework based on Hyman Minsky and the resul…
Critical macro-finance, Post Keynesian monetary theory and emerging economies
In our contribution to this forum, we suggest that critical macro-finance (CMF) scholars and Post Keynesian monetary theorists would profit from a more explicit engagement with each other. Post Keynesian scholars would benefit from the detailed empirical insights that CMF provides, particularly through its analysis of non-bank financial institutions and the conceptual focus on liquidity and liabilities. Meanwhile, the CMF literature would benefit…
International financial subordination in the age of asset manager capitalism
The rise of asset managers as key nodes of financial intermediation has been one of the most fundamental changes in the global economy over recent years. An emerging literature on asset manager capitalism (AMC) discusses these changes and its implications, though largely in the context of corporate governance in advanced capitalist economies. This paper expands the remit of the AMC literature to spaces outside the global capitalist core, and asse…
Global Liquidity, the Private Sector and Debt Sustainability in Sub-Saharan Africa
This article analyses the effect of changes in international financial markets on the debt dynamics in sub-Saharan Africa in recent years. A key development is the rise of the private sector as both a lender and a borrower in African debt markets, a process that is associated with the growing integration of the region into global financial markets. The article argues that the Debt Sustainability Framework of the International Monetary Fund and Wo…
International financialisation, developing countries and the contradictions of privatised Keynesianism
This paper contributes to the understanding of the impact of international financialisation on developing countries. It is generally understood that developing economies are part of the global financialisation process, as exporters of goods to ‘debt-led’ economies and as recipient of foreign capital inflows. This paper argues that a key process connecting these two aspects has been ‘privatised Keynesianism’, the policy regime that sustained finan…
UK pension funds’ patience and liquidity in the age of market-based finance
Pension funds have often failed to meet expectations in terms of providing ‘patient capital’. Explanations for this lapse have ranged over regulatory and ideational factors. We argue that a new ‘impatient’ phenomenon is emerging that requires further explanation: pension funds are becoming more mindful of their liquidity and collateral management, and engage in pro-cyclical investment behaviour. We show how UK pension funds have adapted their inv…
Financialization in Developing and Emerging Countries
This article attempts to summarize the growing literature on "financialization" in developing and emerging countries. This includes the different theoretical and empirical works that have explicitly referred to the increasing role of finance in such countries as financialization, as well as the recent developments in non-conventional approaches to finance and development. The article covers the main theoretical approaches that have been used to e…
International financialisation, developing countries and the contradictions of privatised Keynesianism
This paper contributes to the understanding of the impact of international financialisation on developing countries. It is generally understood that developing economies are part of the global financialisation process, as exporters of goods to ‘debt-led’ economies and as recipient of foreign capital inflows. This paper argues that a key process connecting these two aspects has been ‘privatised Keynesianism’, the policy regime that sustained finan…
Liability-driven investment and pension fund exposure to emerging markets
This paper explores the determinants and implications of the growing allocation of insurance companies and pension funds to emerging markets. The key contention put forward is that liabilities are at the core of the portfolio choice of insurance companies and pension funds, and that this has important consequences for the stability of asset demand. The paper supports this contention with a theoretical framework based on Hyman Minsky and the resul…
Global Liquidity, the Private Sector and Debt Sustainability in Sub-Saharan Africa
This article analyses the effect of changes in international financial markets on the debt dynamics in sub-Saharan Africa in recent years. A key development is the rise of the private sector as both a lender and a borrower in African debt markets, a process that is associated with the growing integration of the region into global financial markets. The article argues that the Debt Sustainability Framework of the International Monetary Fund and Wo…
Critical macro-finance, Post Keynesian monetary theory and emerging economies
In our contribution to this forum, we suggest that critical macro-finance (CMF) scholars and Post Keynesian monetary theorists would profit from a more explicit engagement with each other. Post Keynesian scholars would benefit from the detailed empirical insights that CMF provides, particularly through its analysis of non-bank financial institutions and the conceptual focus on liquidity and liabilities. Meanwhile, the CMF literature would benefit…
Variegated financialization and pension fund asset demand
This article seeks to explain concretely how one 'variegation' of financialization in the emerging economy setting is being shaped by the growth of domestic pension funds. Taking Colombia and Perú as case studies, we explore the evolution of pension fund demand subsequent to substantial pension policy reforms in the 1990s. Drawing on comparative political economy and the recent literature on subordinate financialization in emerging economies, we …
International financial subordination
Despite a varied picture in terms of their relative economic strength, Developing and Emerging Economies (DEEs) remain in a subordinate position in the global monetary and financial system. While the IPE and economics literatures provide rich insights about the significance of this phenomenon, research efforts remain fragmented. To address this problem, we offer an umbrella concept—international financial subordination (IFS)—to channel research e…
UK pension funds’ patience and liquidity in the age of market-based finance
Pension funds have often failed to meet expectations in terms of providing ‘patient capital’. Explanations for this lapse have ranged over regulatory and ideational factors. We argue that a new ‘impatient’ phenomenon is emerging that requires further explanation: pension funds are becoming more mindful of their liquidity and collateral management, and engage in pro-cyclical investment behaviour. We show how UK pension funds have adapted their inv…
Asset-manager society and international financial subordination
This essay critically engages with the concept of asset-manager society (AMS) proposed by Brett Christophers. We begin by drawing out its five key elements through a contrast with the related but distinct concept of asset-manager capitalism. We then ask to what extent AMS can be observed in the countries of the Global South, which are characterised by a subordinate position in international money and financial markets. We conclude by highlighting…
International financial subordination in the age of asset manager capitalism
The rise of asset managers as key nodes of financial intermediation has been one of the most fundamental changes in the global economy over recent years. An emerging literature on asset manager capitalism (AMC) discusses these changes and its implications, though largely in the context of corporate governance in advanced capitalist economies. This paper expands the remit of the AMC literature to spaces outside the global capitalist core, and asse…
Pension financialization and workplace pension wealth inequality
The growth of Defined Contribution (DC) pensions, in which retirement depends on individual savings and financial market investments, has been a key aspect of household financialization. This article examines the impact of the shift from Defined Benefit to DC pensions on workplace pension wealth inequality in Britain. We propose a conceptual framework to interpret the effect of this shift, highlighting four key channels through which DC pensions …
Economic Theory and Policy (8 obras) · Economics (7 obras) · Housing, Finance, and Neoliberalism (7 obras) · Finance (6 obras) · Business (5 obras) · Global Financial Crisis and Policies (5 obras) · Banking stability, regulation, efficiency (4 obras) · Financial system (4 obras) · Pension (4 obras) · Economic growth (3 obras)