Out now!

I've edited a special issue of New Political Economy on 'Centring exploitation in global political economy'.

Link to the intro:
www.tandfonline.com/doi/full/10....

Other articles (all brilliant!) and a short summary 👇

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Join this great event tomorrow on Zoom! 👇

Jopin our launch event of our [tra:ce] Working Paper No. 6 exploring how European financial institutions respond to stranded asset risks!

🔗 Register for the event: www.uni-wh.de/launch-des-t...
📄 Read the paper: ssrn.com/abstract=568...

Looking forward to seeing all of you!

🚨New publication with Kristijan Kotarski:

Enduring Structural Power? Assessing the Dominance of the Anglosphere in Global Finance Before the Trump Turn

Includes novel visualizations of global finance (banking, portfolio inv & FDI) showing persistent US centrality

hrcak.srce.hr/clanak/487488

A promise to pay what? An open question for credit theories of money Abstract. Credit theories of money set themselves apart from other heterodox approaches by arguing that money, the instrument at the top of the monetary hi

Nuevo artículo de @naguila.bsky.social (Universidad de Witten-Herdecke, Alemania y Adjunto Ciepp): "A promise to pay what? An open question for credit theories of money" (Cambridge Journal of Economics). Análisis de las respuestas teóricas a este interrogante:
academic.oup.com/cje/advance-...

I find that none of these answers is fully satisfactory as they either fail to justify the nature of money as debt or are logically inconsistent. If you want to know why, please take a look!

The article reviews and assesses the answers given by credit theories to this question. These are: money is (i) a promise to pay nothing; (ii) a promise to pay something else (goods); (iii) a promise to pay itself; and (iv) a promise to accept, not to pay.

Credit theories of money argue that money, the instrument at the top of the monetary hierarchy, is always a form of debt or promise to pay. But a promise to pay what?

This is the question I ask in my latest article in the Cambridge Journal of Economics:
academic.oup.com/cje/advance-...

Could cryptocurrencies become monetary units of account? Ever since the emergence of cryptocurrencies, scholars have grappled with the question of whether they are forms of money or not. The most interesting problem, however, is not if these instruments ...

Nuevo artículo de Nicolás Águila @naguila.bsky.social (Universidad de Witten-Herdecke, Alemania y Adjunto Ciepp): "Could cryptocurrencies become monetary units of account?".
Número especial de The Japanese Political Economy.
Ver aquí:
www.tandfonline.com/doi/full/10....

Playing the capital market? Sustainable finance and the discursive construction of the Capital Markets Union as a common good The Capital Markets Union (CMU) project aims to create more integrated capital markets in Europe. However, the project faces resistance, and despite ongoing efforts EU capital markets remain fragme...

Happy to share a new open-access article from the SuFi project at Witten/Herdecke University, just published in @jeppjournal.bsky.social @naguila.bsky.social @janina urban @paulahaufe.bsky.social @simonschairer.bsky.social @jwullweber.bsky.social
👉 www.tandfonline.com/doi/full/10....

Figure from our #policy #report: 1. The main barrier to #financing the necessary activities for the sustainable transition is their lack of #bankability
2. High GHG-emitting activities remain #bankable and thus continue to attract financing from banks and shadow banks
www.uni-wh.de/en/your-camp...

Disclaimer: Many activities necessary for the green transition will never be bankable, and therefore will never be attractive for financial investors. As a result, the state should directly provide the necessary financing.
You can find our full policy report here: www.uni-wh.de/en/your-camp...

Our #policy #paper has just been published: "Financing the #green #transition: Increasing #bankability, phasing out carbon investments and funding 'never bankable' activities". We ask: Why does a large green financing gap persist? What policies do we need to change it: www.uni-wh.de/en/your-camp...

How can political decision-makers strengthen sustainable and climate-friendly investments - and at the same time effectively prevent climate-damaging financial flows? The latest [tra:ce] Policy Report takes a closer look at this question.

Further information:
www.uni-wh.de/en/your-camp...

🚨 Do check out this very timely Policy Report on "Financing the green transition" 👇

The figure shows how policies can influence the bankability of investments. Public guarantees can reduce the risk for green investments and incentives and regulations can increase the returns of green investments. The returns of climate-damaging investments can be reduced and the investment risk increased.

How can we redirect financial flows towards a #sustainable, climate-friendly #economy? 💶 🌍

The policy brief “Financing the green transition”, published as part of a research project by Witten/Herdecke University and the IÖW addresses this question.

More information: www.ioew.de/en/news/arti...

Are you an Early Career Researcher in #IPE and would like to get feedback on a draft, a book proposal or on how the publishing process works? Then consider applying👇

w/ @johannespetry.bsky.social @silviaweko.bsky.social @florencedafe.bsky.social

⚠️ Denunciamos penalmente a Sergio Neiffert, jefe de la SIDE, y a Diego Kravetz, director general de Operaciones, por sus responsabilidades en la aprobación de un Plan de Inteligencia Nacional (PIN) y el dictado de una orden operativa contrarios a la ley.🧵⬇️

Industrial Policy and Imperial Realignment | Phenomenal World Asymmetries in global development

New essay on Industrial Policy and Imperial Realignment, co-written with comrades @jacktaggart.bsky.social and @tomchodor.bsky.social for @phenomenalworld.bsky.social www.phenomenalworld.org/analysis/ind...
@campolis.bsky.social

Home - Open Letter Against the rise of Fascism in 2025 The 2025 letter has been signed by over 400 academics, including 31 Nobel Prize winners. Join them in defending democracy. Our goal The letter is a collective denunciation of the mounting threats to a...

En 1925, Benedetto Croce lanzó el Manifesto de intelectuales anti-fascistas en Italia. Un siglo después, 400 académicos de todo el mundo, incluyendo 31 Premios Nobel, publican una nueva carta abierta contra el retorno del fascismo. Leer y adherir aquí:
stopreturnfascism.org

We are thrilled to announce the public #launch of our #policy #paper: "Financing the #green #transition: Increasing #bankability, phasing out carbon investments and funding 'never bankable' activities" @ioew.bsky.social Monday 30.06.2025, 11:00 (CET) www.uni-wh.de/die-finanzie...

America’s Braudelian Autumn | Benjamin Braun & Cédric Durand Factions of capital in the second Trump administration

"the antinomies of Trumponomics are on full display, and without obvious resolution" with @benbraun.bsky.social @phenomenalworld.bsky.social
www.phenomenalworld.org/analysis/ame...

The limits to derisked decarbonization: state capacity unevenness in domestic green transition strategies With the adoption of the Paris Agreement in 2015, governments around the world committed to developing national plans to reduce emissions and limit average global temperatures to below 2 °C above p...

What does de-risked decarbonization mean for state capacity across sectors?

I am THRILLED that this article is now out in @ripejournal.bsky.social! 🔓

Current climate finance regimes lock in lopsided transitions - states need resources for unbankable transitions.
www.tandfonline.com/doi/full/10....

If you want to know more about banks and the green transition, you can register here for our WP launch event with comments by Mareike Beck and Christoph Scherrer: www.uni-wh.de/en/trace-wor...

🚨 Publication Alert 🚨

Out now in @jei-publication.bsky.social with @steffenmurau.bsky.social @agutersandu.bsky.social and Armin Haas:

Issuing EU debt despite fiscal rules, what we can learn from the limitations of the EU covid recovery fund, and what it all has to do with a famous cat ⬇️
🧵

Our book is now available to order! We will be organising some book talks in the upcoming academic year to discuss these embryonic ideas on decolonising economics.

@ingridhk.bsky.social
@cacrisalves.bsky.social @devikadutt.bsky.social

#empiresuicidewatch
A bit late to this but if you want to understand how the moody’s downgrade might affect US dollar global dominance you could see what @steffenmurau.bsky.social and i have to say here about the structural bases for US dollar dominance
papers.ssrn.com/sol3/papers....

En tiempos de negacionismo y catástrofes climáticas, nuevo artículo en co-autoría de Nicolás Águila (Adjunto Ciepp-University of Witten/Herdecke): "The green banking gap: how bankability, business models, and regulations challenge banks' decarbonisation"
papers.ssrn.com/sol3/papers.cf

Our book is *finally* available for pre-order! It'll ship next week on May 30th 😱 Been a long time coming, very curious about what you all will think.
@devikadutt.bsky.social
@cacrisalves.bsky.social @surbhikesar.bsky.social