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“Banks and the False Dichotomy in the Comparative Political Economy of...
The wide-ranging varieties of capitalism literature rests on a particular conception of banks and banking that, the authors argue, no longer reflects the reality of modern financial systems. Iain...
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The collapse of Ireland’s Celtic Tiger: an incredible story of corporatism,...
In 2008 Ireland experienced one of the most dramatic economic crises of any economy in the world. It remains at the heart of the international crisis, sitting uneasily between the US and European...
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What is financialization? Marxism, Post-Keynesianism and Economic Sociology’s...
The crisis of 2007–9 has cast fresh light on the ascendancy of finance in recent years, a process that is often described as financialization. The concept of financialisation has emerged within Marxist...
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Democracy matters: the extension of the franchise and its impact on financial...
This lithography by Frédéric Sorrieu (1850) pays tribute to Alexandre Auguste Ledru-Rollin for establishing universal male suffrage in France in 1848. For centuries, voting rights were limited to...
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The political origins of the banking regulation and the modes of...
Neither the U.S. Federal Reserve nor the European Central Bank was created as a bank supervisory institution. Each has evolved into its current role, yet for different reasons. In “The Foundations Of...
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Fed with credit: financial “liberalization”, deregulation and the role of...
Beginning in the 1990s, Iceland embarked on a major “liberalization” policy, privatizing its financial sector and reorganizing regulation. The resulting highly concentrated banking sector refocused on...
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China’s Minsky moment: stability leads to instability
Hyman Minsky (1919–1996) was a distinguished American scholar and prominent post-Keynesian economist. In the wake of the 2008-2009 crisis Minsky’s invaluable scientific contribution has widely spread,...
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Créditer-vous français? Credit as a relationship and a practice
I’m subscribed to “Gdr-economie-sociologie” – an academic mailing list of French and French-speaking economic sociologists and political economists. Receiving through this list announcements about new...
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The debt crisis and austerity in the Eurozone: social and political impacts
During the past six years, the countries of the European periphery – Portugal, Ireland, Italy, Greece and Spain – have been experiencing severe economic-financial crises. In the shadow of these drastic...
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Princes of the Yen and the Japanese Shock Doctrine
“It is better for the Bank of Japan not to attract attention and remain as quit as the forest in a rural shrine.” – Hisato Ichimada, the 18th Governor of the Bank of Japan, 1946-1954 (Werner 2003: 70)...
View ArticleFinancial Centres and International Capital Flows in the 19th and 20th Centuries
As interest in financial markets intensifies, stimulated by the financial crisis of the early 21st century, Financial Centres and International Capital Flows in the Nineteenth and Twentieth Centuries,...
View ArticleWhy are banking systems unstable in some countries–but not in others? Since...
Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, “Fragile by Design” (Free access to the First chapter)...
View Article“Bank Behaviour and Resilience: the Effect of Structures, Institutions and...
Why were banking sectors in ‘liberal’ and ‘coordinated’ market economies with similar financial systems, operating under the same set of global rules, more resilient than others during the Global...
View ArticleThe Bank of England’s “Money Creation in the Modern Economy” erodes the...
Money creation in practice differs from some popular misconceptions — banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they ‘multiply up’ central...
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