Financialisation Working Group

FWG financialisation discussion group

IIPPE Financialisation Working Group (IIPPE FWG) discusses financialisation and related issues in various approaches to political economy. Please join us at SOAS for the discussion series where we will engage with topics such as financialization of development, financialization and risk, privatized Keynesianism as well as the application of various methods in approaching financialization. Meetings will take place on a monthly basis at SOAS between 18:00-19:30 (check each session for room details). Each meeting will be opened by a member of IIPPE FWG with a brief introduction in light of few suggested readings and an open discussion will follow.

The details of the program including the dates, topics, name of the speakers and suggested readings are listed below. All welcome (no registration required).

We look forward to seeing you at IIPPE FWG discussion group.

28 May 2019 Everyday Financialization: Normalisation of Asset Ownership. Ariane Hillig, Goldsmiths, University of London. Room to be confirmed, 17.30-19.00

3 May 2019 Methods for theorising and exploring processes of financialisationJennifer Churchill, Kingston University London, SOAS, Room S208, 17.30-19.00

26 March 2019 Why is finance powerful in developing countries?, Natalya Naqvi, LSE

  • Why is finance so powerful in developing countries if it is not performing its economic function? How can governments reform the financial system to make it work in the public interest?
  • Natalya Naqvi from LSE will address the questions above for the second meeting of IIPPE financialisation discussion series 2019. Natalya Naqvi is an Assistant Professor in International Political Economy at LSE. Her current project investigates the cononditions under which developing countries can exert public control over their financial sectors in order to support structural transformation of the economy, despite the constraints posed by economic globalisation.

8 March 2019 The rise of net lending among G7 countries, Davide Villani

  • The first meeting of IIPPE financialisation discussion series 2019 will host Davide Villani from Open University.
  • Davide Villani is a PhD student at the Open University. His research explores the relation between financial and the productive structure of the economy. One of the aims of the research is to expand the existing models of structural change by considering the role of monetary relations and the financial sector in order to throw new light on the processes of debt sustainability at the light of changing productive structures

26 January 2017 Risk as a social form, Bruno Hofig

  • Zinn, J. (2008) Introduction: The Contribution of Sociology to the Discourse on Risk and Uncertainty. In: Zinn, J. (Org.) Social theories of risk and uncertainty: an introduction. Blackwell Publishing Ltd, Oxford.
  • Sotiropoulos, D. P., Milios, J., & Lapatsioras, S. (2013). Financialization as a technology of power: incorporating risk into the Marxian framework. In Sotiropoulos, D., Milios, J. & Lapatsioras, S. A Political Economy of Contemporary Capitalism and its Crisis: Demystifying Finance (pp. 155–180). London : New York: Routledge.

23 February 2017 The Financialisation of Development, Richard Itaman

  • Bateman, M. and Chang, H.-J. (2012). Microfinance and the illusion of development: from hubris to nemesis in thirty years, World Economic Review, vol. 1, 13–36
  • Bateman, M. (2015). South Africa’s post-apartheid microcredit experiment: moving from state-enforced to market enforced exploitation, Forum for Social Economics  DOI: 10.1080/07360932.2015.1056202.

30 March 2017 (Room S208) Methods in approaching financialization, Ezgi Unsal

  • Sawyer, M. (2013) What Is Financialization?, International Journal of Political Economy, 42 (4), 5-18.
  • Dow, S. (1990) Variety of methodological approach in economics, Journal of Economic Surveys, Wiley Blackwell, 21 (3), 447-465.

27 April 2017 (Room 227) Privatised Keynesianism and the ‘real subsumption of labour to finance’, Bruno Bonizzi

25 May 2017 (room tbc) Central Banking in Developing Countries, Ourania Dimakou and Simon Dikau

  • Issing, O. and Wieland, V. (2013) Monetary Theory and Monetary Policy: Reflections on the Development over the last 150 Years, Journal of Economics and Statistics, 233 (3), 423-445.
  • The presentation will focus on central banking in developing countries over the last 70 years. Among the topics of discussion will be the historical goals of central banks, how these have changed over time and how the dominant paradigms in monetary theory changed at specific points in history, and had an impact on the changing policy practice of central banks in developing countries. Against the backdrop of the Great Financial Crisis, existing patterns in theory and practice of central banking are questioned and new ideas discussed.