In this paper, I argue that it is possible to enrich world-systems analysis with a heterodox Keynesian monetary theory of production known as the Theory of Money Emissions, based on the views put forward by the French economist Bernard Schmitt. In the aftermath of the global financial crisis, I...

The 2007-2010 Global Financial Crisis has reshuffled the cards for central bankers throughout the world. In the wake of the biggest crisis since the Great Depression, we examine the evolution of modern central banking since the inflationary chaos of the 1970s and the controversial monetarist...

We adopt an interdisciplinary approach to debt, leading to a transdisciplinary analysis of sovereign debt. Disciplines as varied as logic, accounting, finance, psychology, geopolitics, economics, statistics, ethics, rhetoric and political discourse analysis are mobilized, in order to reveal the...

In this paper, we examine the provision of e-money services from a dual perspective: the emerging risk-management strategies and the governance of e-money issuers. We focus on the Luxembourgish scenario, given the idiosyncratic features of the financial, economic and regulatory environment in...

Presently, the trade-off between growth and fiscal consolidation, with the ensuing austerity measures, is a burning issue in Europe. This is particularly relevant in the aftermath of the Greek debt crisis. The situation is unprecedented, as policy leaders are facing a post-crisis conundrum. We...

In this paper, we critically address the New Monetary Consensus (NMC) from a methodological standpoint, in order to assess its relevance in 2016. Although the mantras of the consensus are hardly questionable in their own right, we argue that the methodological underpinnings of the NMC account...

The nascent blockchain literature has singled out the emergence of new blockchain applications and non-financial use cases in a wide range of areas, such as tourism. In this paper, we push the reflection further by addressing the issue of the promotion of new tourism destinations with a special...

The stance toward big business was a heated topic during Britain's 2015 legislative campaign that led to the triumphal, albeit slightly unexpected, reelection of David Cameron, as Prime Minister. More profoundly, it raises the issue of the economic impact of corporate tax cuts and the nature of...

Moldova is a relatively small, landlocked country with few natural resources apart from its agricultural land. Over the last years, the contribution of SMEs was a little bit lower than 30% of the national GDP. This modest contribution corroborated the relative weight of SMEs in turnover and...

In this paper, we investigate the issue of the Dollar-based international monetary system. We start by listing the reasons why money has essentially become a numerical form in the contemporary world economy. After reviewing the salient characteristics of the flawed international monetary and...