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What is financialization?

What is financialization? Here are some definitions.

Noun
  1. (economics) Conversion of intangible value into financial instruments.
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Examples
Sweden has recently been relatively quick to adopt neoliberal policies, such as privatization, financialization and deregulation, compared to countries such as France.
The primary complaint leveled against the financialization of economies is that much of this activity is geared towards rent seeking.
Historians observe that financialization is a typical indicator of economic decline.
What has gone relatively unremarked by economists is how financialization of the economy has transformed the idea of saving.
Too much financialization of the economy has occured at the expense of the real productive sector.
It was only in the nineteenth century that industrialization and financialization produced the liquidity we now take for granted.

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