Financial subordination & dependency
International financial subordination (IFS), subordinate financialization, currency hierarchy, dependency, the 'Wall Street Consensus', de-risking.
Method
A weekly sweep of research, news and grey literature on the postcolonial politics of financial centres in the Global South. This page lists everything the weekly sweep looks for. It is generated from the project's sweep profile, so it always matches what actually runs.
International financial subordination (IFS), subordinate financialization, currency hierarchy, dependency, the 'Wall Street Consensus', de-risking.
International/regional financial centres, hubs, offshore jurisdictions, GFCI rankings, financial-centre strategies.
Regional market integration, exchange linkages, cross-border investment, BRICS/South–South finance, professional networks and conferences.
Credit ratings, benchmarks and indices, index inclusion/reclassification, yield curves, pricing models, risk metrics, ESG scores.
Market infrastructure promoting liquidity and cross-border trust: depositories, trading and settlement platforms, market linkages, dual listings, depositary receipts, fund passports, primary dealers.
Regulatory innovations: capital markets regulators, sandboxes, FATF listing, macroprudential rules, disclosure and transparency regimes.
Sovereign debt, Eurobonds, domestic/local-currency debt markets, debt restructuring, foreign vs domestic holders.
Colonial banking, decolonisation and finance, currency boards, CFA franc, histories of exchanges and central banks.
Bankers, asset managers, pension funds, domestic institutional investors, investment banks, private equity, the careers and training of financiers.
DFIs, blended finance, impact investing, green/sustainable bonds, carbon markets, climate finance as financial-sector deepening.
Mobile money, fast payment systems, digital public infrastructure, CBDCs, stablecoins — where they reshape financial centres or sovereignty.
Municipal finance and bonds, REITs, housing finance, land-based finance, city-level financial politics.
Gulf sovereign funds, banks and financial centres (DIFC, ADGM, QFC) as investors in, partners of, or models for Southern centres.
Chinese lending and investment, renminbi internationalisation, panda bonds, Belt and Road finance, and Chinese payment infrastructure.
Sukuk, Islamic banking and Sharia-compliant instruments as devices of market deepening (notably Casablanca, Nairobi, Port Louis).
Sovereign wealth funds, state-owned enterprises and parastatals in capital markets: privatisations, public listings, state stakes, development banks.
IMF programmes, reviews and conditionality; World Bank and AfDB policy lending; G20 debt frameworks, where they shape financial-sector policy.
| City | Lead | Names & institutions matched |
|---|---|---|
| São Paulo Brazil · Latin America | PR1 | sao paulosão paulofaria limab3bovespabrazilian stock exchangecvm brazilbanco central do brasilbrazil's central bankbrazilian bank |
| Santiago Chile · Latin America | PI (Mizes) | santiago stock exchangebolsa de santiagobolsa de comercio de santiagochile's pensionchilean pensionafp chilecmf chilebanco central de chilechile's central banknuam |
| Montevideo Uruguay · Latin America | PR1 | montevideobolsa de valores de montevideobanco central del uruguayuruguayan bonduruguay's central bank |
| Casablanca Morocco · Africa | PR2 | casablanca finance citycasablanca stock exchangebourse de casablancaammcbank al-maghribmorocco's central bankcfc casablanca |
| Abidjan Côte d'Ivoire · Africa | PI (Mizes) | abidjanbrvmbceaouemoawaemuumoa-titresamf-umoawest african stock exchangebourse régionale des valeurs mobilièrescfa francfranc cfa |
| Nairobi Kenya · Africa | AR1 (Donovan) | nairobinairobi securities exchangenairobi international financial centrenifccapital markets authority kenyacentral bank of kenyacbkkenya's eurobondkenyan banksafaricomm-pesa |
| Johannesburg South Africa · Africa | AR2 (Cirolia) | johannesburgjsejohannesburg stock exchangesouth african reserve banksarbfscaa2xsandton |
| Port Louis Mauritius · Africa / Indian Ocean | PR2 | port louisstock exchange of mauritiusfinancial services commission mauritiusfsc mauritiusbank of mauritiusglobal business licencemauritius international financial centremauritius financial centremauritian offshore |
| Mumbai (Bombay) India · South Asia | AR3 (Trisal) | mumbaibombaybombay stock exchangenational stock exchange of indiasebireserve bank of indiarbigift citydalal street |
| Bangkok Thailand · Southeast Asia | PR3 | bangkokstock exchange of thailandset indexbank of thailandthai secthailand's securities |
| Ho Chi Minh City Vietnam · Southeast Asia | PR3 | ho chi minh citysaigonho chi minh stock exchangevietnam international financial centrevietnam international financial centerstate bank of vietnamstate securities commission of vietnamvn-indexvietnam's stock market |
| Name | Role | Focus |
|---|---|---|
| J. Christopher Mizes | PI | Abidjan, Santiago, credit ratings (West Africa), financial politics |
| Kevin P. Donovan | AR1 | Nairobi, Kenya, East Africa, monetary theory, parastatals & state capital, Safaricom / M-Pesa, Central Bank of Kenya, Kenyan sovereign debt |
| Liza Rose Cirolia | AR2 | Johannesburg, urban finance, municipal finance |
| Nishita Trisal | AR3 | Mumbai, India |
| PR1 (TBC) | Postdoc | São Paulo, Montevideo |
| PR2 (TBC) | Postdoc | Casablanca, Port Louis |
| PR3 (TBC) | Postdoc | Bangkok, Ho Chi Minh City |
Team members can suggest an item or update their research focus using the forms in the project's GitHub repository (Issues → New issue). New focus areas feed into the following week's sweep.