State, Capitalism and Finance in Emerging Markets

Johannes Petry is Postdoctoral Researcher at Goethe University Frankfurt. Andreas Nölke is Professor of Political Science at Goethe University Frankfurt.

1. Introduction – Johannes Petry and Andreas Nölke





Part 1: Conceptual Tools


2. International Financial Subordination: From Genesis to Varieties of Financial Statecraft – Ilias Alami


3. Unpacking ‘State Capacity’ for Financial Statecraft: Theorizing Trade-Offs for Policymakers – Leslie Elliott Armijo





Part 2: Country Cases


4. South African Financial Innovation and Subordination within Extreme Socio-Economic Crisis – Patrick Bond


5. Brazil in the International Financial Order: How Domestic Politics Trigger an Ambiguous Contestation – Pedro Lange Netto Machado and Luiz Fernando de Paula


6. Russian Financial Markets after February 2022: De-Globalization, Defensive Statecraft and Capital Markets – Ilja Viktorov and Alexander Abramov


7. Seeking Autonomy beyond Subordination: Chinese Financial Statecraft and the e-CNY – Christopher McNally


8. Relaxing the survival constraint: India's financial statecraft in search of domestic autonomy – Anush Kapadia and Fathimath Musthaq





Part 3: Comparative Analyses


9. The Role of the State in Subordinate Financialised Capitalism: Comparing Brazil and Turkey – Elif Karacimen and Annina Kaltenbrunner


10. Tools of Subordination or Statecraft? A Comparative Analysis of Stock Exchanges in the BRICS – Johannes Petry


11. Central Bank Digital Currencies: A Comparative Account of Projects in China, Russia and the Eurozone – Carola Westermeier, Roxana Ehlke and Tim Salzer


12. Afterword – Ingrid Kvangraven