This report discusses the overall instabilities inherent in the current global financial system in general, and the system's performance in reaction to the COVID-19 pandemic in particular. It explains why the financial crisis induced by the COVID-19 outbreak was not an unpredictable black swan...

Das globale Finanzsystem befindet sich in einer tiefen Krise. Die Hüter des Geldes, Zentralbanken wie die EZB oder die US-amerikanische Fed, sind inzwischen zu seinem eigentlichen Rückgrat geworden und haben eine neue Ära eingeläutet: die des Zentralbankkapitalismus. Dafür mussten sie ihre...

In recent years, a comprehensive debate has been taking place over the ontological, epistemological, and methodological roots underlying the discipline of International Political Economy (IPE). A fundamental and sometimes fierce discussion arose over the questions of which research strategies...

Global South countries face significant challenges to finance sustainable and just transformation. These challenges stem partly from the hierarchical character of the current international monetary system, which requires Global South countries to obtain U.S. dollars to finance the imports...