State, Capitalism and Finance in Emerging Markets
Between Subordination and Statecraft
Edited by Johannes Petry and Andreas Nölke
Published
May 1, 2025Page count
272 pagesBrowse the series
Business, Finance and International DevelopmentISBN
978-1529243345Dimensions
234 x 156 mmImprint
Bristol University PressPublished
May 1, 2025Page count
272 pagesBrowse the series
Business, Finance and International DevelopmentISBN
978-1529243369Dimensions
234 x 156 mmImprint
Bristol University PressJohannes 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