This article argues that the problematic nature of money's 'location' is important to opening up its more fundamental ontology. Using examples from recent financial crises, I explore the (temporary) historical relationship between money and the nation state, the changing nature of money, and the...

The world economy is riven by very large imbalances, with the U.S. economy exhibiting high levels of consumption but low savings ratios and a high current account deficit while China provides the mirror opposite. In this paper, we explore the structural causes of these imbalances that underpin...