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Report on the financial system in Portugal

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This Report assesses the extent, nature, and effects of financialisation in Portugal. It also discusses the contribution of financialisation for the crisis that presently affects the Portuguese economy. The liberalization of the banking sector, the easier access to international financial markets, and the growth of credit fostered the development of the Portuguese financial sector.

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Documento elaborado e integrado no Projecto FESSUD, University of Leeds, projecto fundado pela União Europeia

Keywords

Portuguese financial system Financial institutions Financialisation Inequality Poverty European integration Financial crisis Subprime Sovereign Debt Crisis

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Dinâmia’CET, ISCTE – University Institute of Lisbon

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