State, Capitalism and Finance in Emerging Markets -

State, Capitalism and Finance in Emerging Markets

Between Subordination and Statecraft
Buch | Hardcover
272 Seiten
2025
Bristol University Press (Verlag)
978-1-5292-4334-5 (ISBN)
99,75 inkl. MwSt
What role do emerging markets play in the global financial system? Are they subordinated within global financial hierarchies? Or do they have autonomy, even power, to use finance to pursue state objectives?


In this edited volume, leading scholars explore these questions, focusing on state–finance interactions globally. The book combines literatures on international financial subordination, financial statecraft and comparative capitalism to analyse state–finance relationships in emerging markets, particularly the BRICS: Brazil, Russia, India, China, and South Africa. It reveals that these states can control their domestic financial sectors despite global subordination, though their ability to do so varies significantly.


This essential volume offers profound insights into how emerging markets are reshaping global finance for scholars and policy makers.

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

Erscheint lt. Verlag 1.6.2025
Reihe/Serie Business, Finance and International Development
Zusatzinfo Not illustrated
Sprache englisch
Maße 156 x 234 mm
Themenwelt Naturwissenschaften Geowissenschaften Geografie / Kartografie
Wirtschaft Volkswirtschaftslehre Wirtschaftspolitik
ISBN-10 1-5292-4334-3 / 1529243343
ISBN-13 978-1-5292-4334-5 / 9781529243345
Zustand Neuware
Haben Sie eine Frage zum Produkt?
Mehr entdecken
aus dem Bereich
über eine faszinierende Welt zwischen Wasser und Land und warum sie …

von Franziska Tanneberger

Buch | Hardcover (2023)
dtv (Verlag)
24,00
Eine Einführung in die spezielle Mineralogie, Petrologie und …

von Martin Okrusch; Hartwig E. Frimmel

Buch | Hardcover (2022)
Springer Spektrum (Verlag)
59,99