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...

The aim of this article is twofold: First, I would like to theoretically contribute to Science and Technology Studies, and to Science, Technology and Innovation Studies , respectively, by introducing a hegemony-and discourse-theoretical inspired political economy as an interdisciplinary...

Theories of performativity can enhance the study of global finance. Taking everyday financial practices seriously, they emphasize the potentially structuring effects and disciplinary nature of finance, and foreground the performative role of economics, financial models, and formulas. However, it...

Poststructural research in International Political Economy (IPE) is a relatively young and growing field of studies that includes a variety of in part very diverse theories and approaches. These approaches to IPE emphasize the contingency of structures and meanings, and the struggles within the...

In the years since the financial crisis, and for the first time in the history of central banks, the Federal Reserve has been pursuing monetary policies which allow shadow banks to access its reserves. The paper examines these policies in an analysis based on the concept of security structure....

At the beginning of the financial crisis, attempts were made to counteract its effects in line with the rationale of market liberalism. However, after Lehman Brothers filed for bankruptcy, it became clear that the laissez-faire rationality no longer functioned as the financial market's governing...

Die westlichen Regierungen haben gleich zu Beginn der Invasion Russlands in die Ukraine umfangreiche Finanzsanktionen gegen Russland beschlossen, wobei das Einfrieren der russischen Fremdwährungsreserven besonders hervorsticht. Während diese Sanktionen anfangs eine große Wirkung zeigten und...

The paper develops a political understanding of the money-form, its relation to value, to society, and to the state. It argues that the value of assets is based on societal relations. These value relations are expressed in a general measure of value – money. Money serves as the equivalent for...