Capital Claims: Power and Global Finance
- 272 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Capital Claims: Power and Global Finance
About this book
Capital Claims: Power and Global Finance analyses how global financialized capitalism operates and reproduces itself, exploring the remarkable ability of the financial sector to maintain its dominance through even the most severe economic crises.
The book defines international financialization as a process by which the number and value, the tradability, and the enforceability of cross-border financial claims increase and are successfully defended against competing social or political agendas. By focusing on financial claims, the volume develops a conceptual toolkit for the study of the political economy of global finance and the inequalities it sustains. The book brings together leading researchers whose work is geared towards opening the black box of cross-border finance. The authors suggest shifting the analytical focus from capital flows to capital claims – credit–debt relations between identifiable actors, embedded in social and political institutions, and infused with power and hierarchy. They show how financial actors wield leverage power, infrastructural power, and enforcement power, both vis-à-vis other private actors and vis-à-vis the state.
This book will be of great interest to students, teachers, and researchers of international political economy, critical political economy, and international relations, as well as those in the fields of finance, capitalism studies, activism, policymaking, and advocacy.
An Online Appendix for Chapter 11 is available at: www.routledge.com/9781032111193
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Information
Table of contents
- Cover
- Half Title
- Series
- Title
- Copyright
- Table of Contents
- Acknowledgements
- Notes on contributors
- 1 The three phases of financial power: leverage, infrastructure, and enforcement Benjamin Braun and Kai Koddenbrock
- PART I Leverage power
- PART II Infrastructural power
- PART III Enforcement power
- PART IV Conclusion
- Index