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  Capital Claims: Power and Global Finance

Braun, B., & Koddenbrock, K. (Eds.). (2023). Capital Claims: Power and Global Finance. London: Routledge.

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Item Permalink: https://hdl.handle.net/21.11116/0000-000C-33EA-3 Version Permalink: https://hdl.handle.net/21.11116/0000-000C-8FBF-D
Genre: Collected Edition

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https://s3-eu-west-1.amazonaws.com/s3-euw1-ap-pe-ws4-cws-documents.ri-prod/9781032111193/Chapter_11_Appendix.pdf (Supplementary material)
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Online appendix
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 Creators:
Braun, Benjamin1, Editor                 
Koddenbrock, Kai2, 3, Editor           
Affiliations:
1Wirtschaftssoziologie, MPI for the Study of Societies, Max Planck Society, ou_3363022              
2Projekte von Gastwissenschaftlern und Postdoc-Stipendiaten, MPI for the Study of Societies, Max Planck Society, ou_1214554              
3Bayreuth University, Germany, ou_persistent22              

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 Abstract: 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.

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Language(s): eng - English
 Dates: 2023
 Publication Status: Issued
 Pages: x, 272
 Publishing info: London : Routledge
 Table of Contents: The three phases of financial power: leverage, infrastructure, and enforcement
Benjamin Braun and Kai Koddenbrock

PART I
Leverage power

Leveraging financial claims: transatlantic bank struggles and the power of US finance
Mareike Beck, Samuel Knafo, and Stefano Sgambati

Countering financial claims: on the political economy of definancialisation
Sahil Jai Dutta

Relational claims: offshore dollar and sovereign debt
Andrea Binder

Claims to sovereignty: MMT as a challenge to money’s technical imaginary
Aaron Sahr

PART II
Infrastructural power

The new gatekeepers of financial claims: states, passive markets, and the growing power of index providers
Jan Fichtner, Eelke Heemskerk and Johannes Petry

The benefits of network centrality: central counterparties, the enforceability of claims, and the securing of extra-profits
Matthias Thiemann

Geoeconomic infrastructures: building Chinese-Russian alternatives to SWIFT
Andreas Nölke

PART III
Enforcement power

Night of the living debt: non-performing loans and the politics of making an asset class in Europe
Daniel Mertens and Caroline Metz

The financialization of investor-state dispute settlement
Florence Dafe and Zoe Phillips Williams

Firm claims: reinterpreting the global race for foreign direct investment
Arjan Reurink and Javier Garcia-Bernardo

Claiming the wealth of a nation: creditor-enforced privatizations in Greece
Benjamin Lemoine and Marie Piganiol

PART IV
Conclusion

The rise of autonomous financial power
Katharina Pistor
 Rev. Type: -
 Identifiers: ISBN: 978-1-032-11113-1
ISBN: 978-1-032-11119-3
ISBN: 978-1-003-21848-7
 Degree: -

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Title: RIPE Series in Global Political Economy
Source Genre: Series
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