Digitalized Finance

In Digitalized Finance, Edemilson Paraná investigates the relationship between the development of Information and Communication Technologies (ICT) and the process of financialization of economies on a global scale, with a special focus on the impacts of both in Brazil. The book explains the influence of ICT in the emergence and consolidation, especially from the 1980s, of new forms of operation and management of the globalized financial system—forms that are highly connected and operated in "real time" with intensive use of technological features—and how these advances are related to the economic and social changes in question. The book goes on to describes how contemporary capital markets work, where the search for earnings is leveraged by sophisticated mathematical models, robots and automated trading software that seek financial gains in the milliseconds scale.

ISBN: 9781642590692

Publication date: February 25, 2020

Foreword

Maria de Lourdes Rollemberg Mollo

Preface

Luiz Gonzaga de Mello Belluzzo

Acknowledgements

List of Illustrations

List of Abbreviations

1 Introduction

1.1 Methodological Considerations

2 Capitalism at the Beginning of the 21st Century: Globalized Finance

2.1 A Brief Review of the Theories of Financialization

2.2 Interest Bearing Capital and Fictitious Capital

2.3 Globalization of Capital: Neoliberalism and Finance-dominated Accumulation Regime

3 Technics, Capital and Society: The Material Bases of Technological Development

3.1 Investigating the Technological Practice from Its Social Content

3.2 Technological Development and Financialization of the Economy: Theoretical Starting Points

4 Digitalized Finance: Informatization at the Service of Financial Dominance

4.1 The State of the Art of Digitalized Finance at the Beginning of the 21st Century

4.2 The Consequences of Digitalization in the Capitals Markets

4.3 Recent Trends: The Next Steps for Digitalized Finance

5 Digitalized Finance in the Brazilian Context

5.1 A Brief Overview of the Technical-Operational Development of the Capitals Market in Brazil

5.2 The Development of ICT and the Transformations of the Brazilian Capitals Market: Elective Affinities

6 Final Considerations

References

Index