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Browsing by Author "Bonizzi, Bruno"
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Commonality without convergence: An analytical framework Accounting for variegated financialisation in emerging economies
Bonizzi, Bruno; Karwowski, Ewa (2023-11-09)Financialisation is not a homogenous but a variegated process. However, the question along which categories this variegation happens is currently unanswered. We identify four variegation categories: financial sector ... -
Critical macro-finance, Post Keynesian monetary theory and emerging economies
Bonizzi, Bruno; Kaltenbrunner, Annina (2020-05-28)In our contribution to this forum, we suggest that critical macro-finance (CMF) scholars and Post Keynesian monetary theorists would profit from a more explicit engagement with each other. Post Keynesian scholars would ... -
Debt
Bonizzi, Bruno; Laskaridis, Christina (Edward Elgar Publishing, 2023-01-01)The Elgar Encyclopedia of Development is a ground-breaking resource that provides a starting point for those wishing to grasp how and why development occurs, while also providing further expansion appropriate for more ... -
Financialised Capitalism and the Subordination of Emerging Capitalist Economies
Bonizzi, Bruno; Kaltenbrunner, Annina; Powell, Jeff (2022-05-31)The variegated experiences of financialisation in Emerging Capitalist Economies (ECEs) require a theory of global structural transformation in which these appearances can be located. Such a transformation can be found in ... -
Financialization and the Challenges of Sustainable Structural Transformation : Background paper for the UN Financing for Sustainable Development Report 2023
Bonizzi, Bruno; Kaltenbrunner, Annina; Powell, Jeff (United Nations (UN), 2023-02-10) -
Global financial uncertainty shocks and external monetary vulnerability: the role of dominance, exposure, and history
Kohler, Karsten; Bonizzi, Bruno; Kaltenbrunner, Annina (2023-10-30)The paper investigates the role of country-specific factors in external monetary vulnerability to global uncertainty shocks. We identify three structural determinants that may shape cross-country heterogeneity in the ... -
Global Liquidity, the Private Sector and Debt Sustainability in Sub-Saharan Africa
Bonizzi, Bruno; Laskaridis, Christina; Toporowski, Jan (2019-05-09)This article analyses the effect of changes in international financial markets on the debt dynamics in sub-Saharan Africa in recent years. A key development is the rise of the private sector as both a lender and a borrower ... -
International financial subordination in the age of asset manager capitalism
Bonizzi, Bruno; Kaltenbrunner, Annina (2024-03-30)The rise of asset managers as key nodes of financial intermediation has been one of the most fundamental changes in the global economy over recent years. An emerging literature on asset manager capitalism (AMC) discusses ... -
International Financial Subordination: A Critical Research Agenda
Bonizzi, Bruno; Kaltenbrunner, Annina; Powell, Jeff; Alves, Carolina; Alami, Ilias; Koddenbrock, Kai; Kvangraven, Ingrid (2022-07-19)Despite a varied picture in terms of their relative economic strength, Developing and Emerging Economies (DEEs) remain in a subordinate position in the global monetary and financial system. While the IPE and economics ... -
Liability driven investment and pension fund exposure to emerging markets: A Minskyan analysis
Bonizzi, Bruno; Kaltenbrunner, Annina (2019-03-01)This paper explores the determinants and implications of the growing allocation of insurance companies and pension funds to emerging markets. The key contention put forward is that liabilities are at the core of the portfolio ... -
Private pension funds in emerging economies : from broken promises to financialisation
Bonizzi, Bruno; Guevara, Diego (Edward Elgar Publishing, 2019-09-27) -
UK pension funds’ patience and liquidity in the age of market-based finance
Bonizzi, Bruno; Churchill, Jennifer; Kaltenbrunner, Annina (2023-03-02)Pension funds have often failed to meet expectations in terms of providing ‘patient capital’. Explanations for this lapse have ranged over regulatory and ideational factors. We argue that a new ‘impatient’ phenomenon is ... -
Undefined Benefit: Fixing the UK Pensions System
Bonizzi, Bruno; Churchill, Jennifer; Dutta, Sahil (Common Wealth (Ownership Futures Ltd), 2023-08) -
Variegated financialisation and pension fund asset demand: the case of Colombia and Peru
Bonizzi, Bruno; Churchill, Jennifer; Guevara, Diego (2021-04-01)This article seeks to explain concretely how one ‘variegation’ of financialization in the emerging economy setting is being shaped by the growth of domestic pension funds. Taking Colombia and Perú as case studies, we explore ...