Insubordinate Finance: The Terminal

Insubordinate Finance: The Terminal — 2026-W43

Mon, 19 Oct 2026 11:22:04 +0000

This week we examine the devices and politics reshaping financial centres in the Global South. Coverage spans digital payment infrastructure—from Pix's regional integration effects in Brazil to India's forex derivative regulations—and the sovereign debt instruments constraining African financial autonomy, with cases from Kenya, Ethiopia, and Zambia illustrating both restructuring crises and alternative South–South credit flows. We also track institutional reconfigurations in Mumbai and Port Louis, where bank amalgamations and payment-hub positioning reflect shifting North–South financial architectures. A study of Ho Chi Minh City's cashless aspiration and analysis of Thailand's green macrofinancial regimes round out the week's focus on how financial devices, regulatory choices, and geopolitical alignments mediate subordination or agency in the Global South.

New research

THANH TOÁN KHÔNG DÙNG TIỀN MẶT QUA ĐÁNH GIÁ CỦA NGƯỜI DÂN – NGHIÊN CỨU TẠI THÀNH PHỐ HỒ CHÍ MINH (Tạp chí Khoa học xã hội Thành phố Hồ Chí Minh) — Directly examines cashless payments' role in Ho Chi Minh City's aspiration to become international financial centre.
The Money Fetish and Empire: (Spectre Journal) — Postcolonial theory on dollar hegemony and global power; relevant to financial subordination framework but no specific centre.
Repositioning the Global South for Agency (Routledge eBooks) — South–South financial reorientation; China–Africa relations as alternative to Western financial dependence; no specific case study.
Debt Diplomacy or Development Partnership? A Comparative Assessment of China's Engagement in Nigeria and Zambia (British Journal of Contemporary Research) — Comparative debt trajectories and Chinese finance in Africa; Zambia Eurobond default and restructuring relevant to subordination.
Digital Public Infrastructure Beyond India: Comparative Evidence from Brazil, Kenya, and the Philippines (British Journal of Contemporary Research) — DPI comparative analysis across three case-study cities; explores financial infrastructure integration beyond India's AUB model.
Between the Dragon and the Eagle: Strategic Autonomy, Sovereignty and Kenya's Diplomacy in an Era of Great-Power Competition (Zenodo (CERN European Organization for Nuclear Research)) — Kenya's diplomatic multi-alignment; geopolitical context but no financial-centre or financial-device specificity.
The fragmented green state: state capacity, green macrofinancial regimes, and political contestation in Thailand’s energy transition (Review of International Political Economy)

News

Ascensão do Pix contribuiu para redução de desigualdades regionais (Valor Econômico) — Pix's regional financial inclusion effects; Brazilian digital infrastructure reshaping centre integration.
‘Cash is making a comeback’ in digital India (FT — Emerging markets) — UPI digital payments and shadow economy dynamics shape India's financial infrastructure and sovereignty.
Au Kenya, l’annulation du deal Vodafone-Safaricom menace de peser sur les finances du pays (Jeune Afrique — Économie) — Kenya loses $1.9bn from Safaricom-Vodacom deal collapse; state revenue, privatisation and fiscal subordination.
RBI’s new forex reserve rules explained: FAQs on the 20% requirement, $2 million threshold and exemptions (Mint — Economy) — RBI forex reserve requirement on currency derivatives; regulatory device addressing rupee volatility and risk.

Reports & grey literature

Leveraging the Mauritius IFC as a payment system hub (BIS — central bank speeches) — Mauritius central bank leveraging IFC as payment hub; Port Louis financial-centre positioning and infrastructure.
RBI approves amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. with RBL Bank Limited (Reserve Bank of India) — RBI approves bank amalgamation: integration move and institutional restructuring in Mumbai financial centre.
Cross-border payments as a necessity for Africa's resilience and economic transformation (BIS — central bank speeches) — Mauritius central bank speech on cross-border payments and African resilience; Port Louis IFC integration strategy.
First-of-its-kind Africa Nature Impact Fund Targets USD 100m For Nature-Based Solutions in Africa (FSD Africa (RSS)) — First Africa Nature Impact Fund; tracks emergence of green-finance devices and regional hub dynamics.
Are stablecoins and bank deposits substitutes? (BIS — FSI publications) — Stablecoins as substitute for bank deposits; relevant to digital finance devices and monetary competition.
Sovereign Debt News Update No. 184: Kenya’s Debt Tightening: World Bank Rejection, Rising Fiscal Pressures and Debt-for-Food Swaps (AfronomicsLaw) — Kenya sovereign debt crisis; World Bank rejection, fiscal pressures, debt restructuring affecting Nairobi.
Sovereign Debt News Update No. 183: Ethiopia's Debt Restructuring Hits a Wall as Bondholders Reject Revised Eurobond Proposal (AfronomicsLaw) — Ethiopia Eurobond restructuring; sovereign debt device and creditor dynamics in Global South.
Morocco - MID EAST,NORTH AFRICA,AFG,PAK - P149995 - Casablanca Municipal Support Program - Audited Financial Statement (World Bank · Auditing Document) — Municipal support programme audit for Casablanca; urban finance and World Bank lending conditionality.
Ed Miliband calls for improved debt relief system (Debt Justice) — UK speech on debt relief at IMF/World Bank meetings; multilateral debt framework but no Southern-centre angle.
Global Sovereign Debt Roundtable :Compendium of GSDR Common Understanding on Technical Issues (World Bank · Report) — Global sovereign debt coordination; useful but general multilateral context.
Global Sovereign Debt Roundtable 7th Cochairs Progress Report (World Bank · Report) — Global sovereign debt coordination; useful but general multilateral context.
Insurance will not close the climate adaptation gap: Here is where it can help (CentAUR (University of Reading)) — Climate adaptation insurance for MSMEs and farmers; tangential to development finance but not centre-focused.

Insubordinate Finance: The Terminal — 2026-W42

Mon, 12 Oct 2026 15:30:35 +0000

This week's research digest examines financial devices and institutional dynamics shaping Southern financial centres' position within global hierarchies. Antipode publishes new work on Ecuador's sovereign bonds as mechanisms of market discipline, while the Macroeconomics and Finance in Emerging Market Economies journal interrogates stablecoin adoption risks in the Franc Zone and dollarisation pressures. Complementing this are studies of India's distressed-asset market transformation under private equity ownership, the BRICS Synthetic Clearing Bridge as architecture for de-dollarisation, and how rating disciplines constrain multilateral development institutions like the AIIB. Reporting from Jeune Afrique documents South–South financial competition—Afreximbank versus Standard Bank in megaproject finance—and Airtel Money's entry into Northern capital markets, while concurrent moves by the African Union and Vietnam to launch independent rating agencies and advance financial-centre positioning reflect deliberate challenges to Northern valuation monopolies. Ethiopia's 2024 shift to interest-rate-based monetary policy and Kenya's opening of the Dangote IPO to domestic investors illustrate the institutional microstructures through which financial integration or autonomy emerges in lower-income economies.

New research

Sovereign Bonds and Market Discipline: Managing Accumulation and Uncertainty in Ecuador (Antipode) — Sovereign bonds as fictitious capital, market discipline, Ecuador case; directly addresses financial subordination via bond devices.
Stablecoin adoption in the Franc Zone: opportunities, institutional challenges and policy trade-offs (Macroeconomics and Finance in Emerging Market Economies) — Stablecoins in Franc Zone; examines digital-payment device, monetary sovereignty and dollarisation risk in case-study region.
THE BRICS SYNTHETIC CLEARING BRIDGE (BSCB): A Multilateral Settlement, Anti-Monopoly Governance, and Sovereign Resilience Architecture. (Zenodo (CERN European Organization for Nuclear Research)) — BRICS Synthetic Clearing Bridge directly addresses de-dollarization and South–South financial architecture independence from Northern dominance.
The Next Frontier of Insolvency: Private Equity, AIFs, and Transformation of India’s Distressed Assets Market (OpenAlex) — India's distressed assets market transformation by private equity and AIFs shows shift in ownership and professional networks post-IBC 2016.
Beyond Financial Strategy: Indonesia’s Status-Seeking Through Sovereign Green Sukuk (JURNAL NAWALA POLITIKA) — Indonesia's sovereign green sukuk as status-seeking; illustrates how Southern centres use financial devices for recognition and integration.
Bounded Ambition: The Asian Infrastructure Investment Bank and the Limits of Chinese Revisionism in Global Finance (Journal of migration and political studies.) — AIIB convergence with World Bank norms via rating discipline; reveals how rating devices constrain Southern revisionism.
Monetary policy regime change in Ethiopia: A critical review of inflation dynamics, fiscal dominance, and the 2024 interest-rate-based reform (SN Business & Economics) — Ethiopia's 2024 shift to market-oriented interest-rate regime illustrates postcolonial financial-system transformation in low-income economies.
Structure, Growth, and Regulatory Reform in the Indian Capital Market (International Journal of Humanities Social Sciences and Development Studies (IJHSD)) — India capital-market structure, growth and SEBI/depository reform; describes integration devices in case-study city.
Digital Financial Inclusion and Economic Resilience in Nigeria Amid Geo-economic Fragmentation: A Systematic Literature Review (Zenodo (CERN European Organization for Nuclear Research)) — Nigeria's digital financial inclusion under geo-economic fragmentation useful context but lacks institutional financial-centre focus.
Aftermath of the Forest Carbon Credit Crisis as Experienced by Restoration and Conservation Organisations (Sustainable Development) — Forest carbon-credit market crisis; illustrates fragility of voluntary carbon-market devices but not centre-specific.
An Integrated Governance Framework for Stablecoins and Monetary Sovereignty in the Digital Era (IGI Global eBooks) — Stablecoins, CBDCs and monetary sovereignty; relevant device but generic framework, no Southern-centre focus.

News

Un continent, deux modèles : comment Afreximbank défie Standard Bank sur le financement des grands projets (Jeune Afrique — Économie) — Afreximbank vs Standard Bank competition in African megaproject finance; South–South financial rivalry and institutional positioning.
Pour Airtel Money, l’entrée en Bourse est aussi un moyen de relancer les acquisitions (Jeune Afrique — Économie) — Airtel Money London IPO for African fintech consolidation; Southern digital finance entering Northern capital markets.
African Union Launches Independent Credit Rating Agency to Counter Global Monopoly ... (Google Alert) — African Union credit rating agency launch; device to counter Northern financial monopoly and subordination.
Reserve Bank of India takes steps to support rupee, opens dollar window for oil companies (Mint — Economy) — RBI rupee support and dollar window for oil companies; currency hierarchy and institutional intervention politics.
The Nairobi International Financial Centre (NIFC) welcomes Nairobi's selection as one ... - Facebook (Google Alert) — Nairobi IFC selection directly relevant to financial-centre strategy and positioning.
Gujarat's GIFT City has crossed $1.5 trillion in cumulative banking transactions, with ... - Facebook (Google Alert) — GIFT City banking transaction scale; quantifies integration and hub ambitions for Mumbai region.
Kenya's New ETF Explained: Banking, AI and the Nairobi Securities Exchange - YouTube (Google Alert) — Kenya ETF on NSE; illustrates new valuation device and market deepening strategy in Nairobi financial centre.
VIFC-DN gradually establishes position on global financial centre map - Báo Ảnh Việt Nam (Google Alert) — Vietnam International Financial Centre positioning and global rankings; directly relevant to Southern financial centre strategies.
Vietnam Int'l Financial Centre climbs global rankings, draws foreign capital (Google Alert) — VIFC's climb in global rankings and foreign capital attraction; case for centre competitiveness and linkages.
Vietnam revises scheme to improve sovereign credit rating by 2030 - Báo Cần Thơ (Google Alert) — Vietnam's scheme to improve sovereign credit rating; valuation device politics and subordination concerns.
Kenya allows its citizens to participate in Dangote Refinery IPO - Reuters (Google Alert) — Kenya opens Dangote Refinery IPO to domestic investors; South–South investment and market integration.
Kenya's second-largest supermarket opens $116 million share sale as World Bank arm ... (Google Alert) — World Bank arm involvement in Kenyan retail IPO; institutional investor role in market development.
ZAWYA: Kenya wavers on $1bln debt swap as financing costs increase - TradingView (Google Alert) — Kenya debt-swap decision amid rising costs; sovereign debt management and financial vulnerability.

Reports & grey literature

Chronologie des évènements marquants de l’histoire de la BCEAO et de l’UMOA (BCEAO) — BCEAO/WAEMU history; relevant to postcolonial financial histories and regional integration.
Communiqué de presse - L'Autorité Marocaine du Marché des Capitaux lance la première édition de l’« AMMC Capital Markets Seminar » (AMMC) — AMMC Capital Markets Seminar launch signals Casablanca's professional-network and centre-building efforts.
RBI announces special window for Public Sector Oil Marketing Companies to meet dollar requirements (Reserve Bank of India) — RBI forex window for PSU oil firms reflects currency-subordination pressures and regulatory adaptation.
Debt crisis drives 8% cut in education spending in high-debt countries (Debt Justice) — Debt distress and fiscal austerity in lower-income countries; illustrates financial subordination effects.
Annual meetings 2026: Storms lurk behind resilience (OMFIF) — Analysis of IMF-World Bank Bangkok meetings; commentary on global financial governance and Southern country vulnerabilities.
Why we’re heading to the IMF and World Bank meetings in Bangkok (Debt Justice) — IMF-World Bank meetings in Bangkok; direct relevance to multilateral conditionality shaping Southern financial-sector policy.
Stakeholder Engagement Plan (SEP) - Unlocking Private Capital for Long-Term Infrastructure Financing and Bond-Market Transformation - P513529 (World Bank · Stakeholder Engagement Plan) — World Bank stakeholder plan for private capital and bond-market transformation in India; integration devices and DFI strategy.
Appraisal Environmental and Social Review Summary (ESRS) - Unlocking Private Capital for Long-Term Infrastructure Financing and Bond-Market Transformation - P513529 (World Bank · Environmental and Social Review Summary) — World Bank infrastructure bond-market transformation project in India; financial device integration for private capital mobilisation.
From commitment to execution - mobilizing the financial sector for Uganda's tenfold growth opening (BIS — central bank speeches) — East African central bank on financial sector mobilization for growth; adjacent to project scope.
Accelerating Hong Kong’s bond market development - building a diversified, deep, dynamic and digital-native market (BIS — central bank speeches) — Hong Kong bond market development strategy; financial-centre policy and market infrastructure.
Leading the next chapter - Islamic finance as a catalyst for national prosperity (BIS — central bank speeches) — Central bank governor on Islamic finance as national strategy; device-focused institutional perspective.
Empirical Assessment of Monetary Policy Stance around Selected Sovereign Domestic Debt Restructurings (Digital Access to Scholarship at Harvard (DASH) (Harvard University)) — Monetary policy stance during domestic debt restructurings in Jamaica, Ghana, Barbados; directly illuminates financial-centre autonomy.
Disclosable Version of the ISR - Morocco Climate & Risk Finance Program - P511813 - Sequence No : 1 (World Bank · Implementation Status and Results Report) — World Bank climate and risk finance programme for Morocco; climate finance as financial-sector deepening device.
Exclusion of “Paytm Payments Bank Limited” from the Second Schedule to the Reserve Bank of India Act, 1934 (Reserve Bank of India) — Paytm exclusion signals regulatory tightening on fintech; marginal for digital finance governance.
Sustainable finance and the shifting risk landscape (BIS — central bank speeches) — SARB deputy governor on sustainable finance risk; contextual for ESG as Northern valuation device in South Africa.
+ 7 more

From the archive

Banking unconditionally: the political economy of Chinese finance in Latin America (Review of International Political Economy) — Peer-reviewed analysis of Chinese state lending as patient capital reshaping debtor governments' autonomy in Latin America.
Categories, Creditworthiness, and Contagion: How Investors' Shortcuts Affect Sovereign Debt Markets (International Studies Quarterly) — Peer-reviewed study of how categorization and peer effects shape sovereign risk assessment, creating contagion and financial hierarchy.
“Baja” Geopolítica: agencias de calificación, la privatización de la autoridad y la nueva soberanía. (Geopolítica(s) Revista de estudios sobre espacio y poder) — Credit rating agencies' authority over sovereign debt and geopolitical implications; privatisation of state sovereignty via ratings.
Debt, Uneven Development and Capitalist Crisis in South Africa: from Moody’s macroeconomic monitoring to Marikana microfinancemashonisas (Third World Quarterly) — South Africa's insertion into world financial system via ratings agencies and resulting debt cascade; microfinance critique.
Credit rating agencies and the sovereign debt crisis: Performing the politics of creditworthiness through risk and uncertainty (Review of International Political Economy) — Peer-reviewed analysis of credit ratings as socio-technical control device shaping state financial subordination and austerity politics.
To Judge Leviathan: Sovereign Credit Ratings, National Law, and the World Economy (Journal of Public Policy) — Peer-reviewed examination of credit rating agencies' legal embedding in global financial regulation and sovereignty implications.
Ten Years After the CFA Franc Devaluation Progress toward Regional Integration in the Waemu (OpenAlex) — Historical analysis of CFA franc devaluation and regional financial integration in West Africa; colonial financial legacies.
The Political Economy of Sovereign Debt: Global Finance and Electoral Cycles (The Journal of Politics) — International bond markets constrain Latin American governments' policy autonomy; creditor dispersion shapes political economy.
Market rules: Social conventions, legal fictions, and the organization of sovereign debt markets in the long twentieth century (Cambridge University Press eBooks) — Long-term sovereign debt market conventions and legal fictions; historical perspective on financial device evolution.
Credit Money, Fiat Money and Currency Pyramids: Reflections on the Financial Crisis and Sovereign Debt (Palgrave Macmillan UK eBooks) — Financialisation and crisis contagion; useful theoretical framing for North–South financial dynamics and monetary hierarchies.
Financial dollarization in Russia: causes and consequences (Macroeconomics and Finance in Emerging Market Economies) — Financial dollarization and currency mismatch vulnerability; relevant to subordination but Russia case, not Global South centres.

Insubordinate Finance: The Terminal — 2026-W41

Mon, 05 Oct 2026 13:21:59 +0000

This week's digest focuses on financial infrastructure and autonomy in the Global South, with particular attention to digital devices and debt dynamics. New Political Economy publishes two complementary pieces: Nigeria's eNaira rollout as an infrastructural response to financial subordination, and the ECB's wholesale CBDC initiative as a strategic geopolitical technology—together illuminating how monetary devices encode and contest dependencies. ANU's analysis of Sri Lanka's sovereign debt crisis and IMF conditionality, paired with work on international financial centres' asymmetric capital flows, grounds these technical questions in the lived subordination thesis. BRICS scholarship documents the coalition's internal fractures and de-dollarization constraints, revealing the limits of South–South financial integration. India's Account Aggregator ecosystem, studied in Fintech and Digital Accounting Review, exemplifies how public digital infrastructure can reshape credit markets and financial inclusion within a Southern centre; offshore financial centres' funding networks, examined through liquidity shocks, illustrate crisis-contingent embeddedness. Excluded this week: generic ESG and Islamic finance benchmarking studies, unbanked retail CBDC adoption behaviour, and pan-African policy surveys lacking institutional grounding.

New research

Central bank digital currencies, financial subordination and the quest for infrastructural autonomy: the introduction of the eNaira in Nigeria (New Political Economy) — CBDC as response to infrastructural subordination; directly engages financial autonomy and IFS in Global South case.
The Sri Lankan Economy: The Sovereign Debt Crisis, Imf-Supported Stabilization, and Beyond (ANU Open Research (Australian National University)) — Sri Lankan sovereign debt and IMF stabilization; illuminates debt crisis and conditional reform, relevant to subordination.
International Financial Centers, Foreign Direct Investment, and Economic Volatility (Bulletin of Economic Research) — IFC status and capital flows asymmetry; addresses whether centres attract FDI or export capital, key to subordination thesis.
BRICS under strain: Internal economic challenges in a rising coalition (Journal of Emerging Trends in Social Sciences and Humanities) — BRICS institutional weaknesses and de-dollarization constraints; South–South financial integration limits and Chinese dominance dynamics.
Do Shariah-ESG indices offer downside risk protection? Regime-dependent evidence from Sukuk and Islamic equity benchmarks (International Journal of Islamic and Middle Eastern Finance and Management) — Islamic finance benchmarks and risk metrics; relevant to valuation devices but not anchored in Southern financial centres.
From Pontes to Appia, but not to an Agorá: strategic hedging and infrastructural geoeconomics in the ECB's wCBDC initiative (New Political Economy) — Wholesale CBDC infrastructure and strategic dependencies; Northern-focused but illuminates digital integration devices and geoeconomics.
Offshore Financial Centres and Banks' Funding Responses to Liquidity Shocks (City Research Online (City University London)) — Offshore financial centres and bank funding networks; infrastructure embeddedness and crisis-contingent relationships.
AI-native credit intelligence on digital public infrastructure: evidence from India's account aggregator ecosystem (Fintech and Digital Accounting Review) — India's Account Aggregator framework as digital public infrastructure reshaping credit markets and financial inclusion in South Asian financial centre.
BRICS Challenges in the Era of Multipolarity: An Analytical Study of Political and Economic Divergences (Review of Futures Markets) — BRICS expansion and diverging interests in global financial governance; addresses South–South coalition building and political contradictions.
AN OVERVIEW OF SUKUK DEVELOPMENT IN INDONESIAN MARKETS: INSIGHTS FROM LITERATURE (ACCRUALS (Accounting Research Journal of Sutaatmadja)) — Indonesian sukuk issuance and strategic role; Islamic finance device but outside case-study geographies.
Trust, privacy, and habit in retail central bank digital currency adoption among the unbanked (Digital Enterprise Studies) — CBDC adoption among unbanked; behavioral study, not about centre infrastructure or subordination dynamics.
One Africa, Many Nations: Why and How African Nations Should Unite Through Sovereignty-Preserving Economic Integration (Journal of Public Policy & Governance) — Pan-African economic integration and leadership framework; broad policy survey without financial-centre focus.
Assessing the Nexus Between Green Finance, Green Bonds and Environmental Sustainability in Selected Countries (Integrated Economies and Policy Insights) — Green bonds and sustainability in mixed-country sample including Nigeria; lacks focus on Southern financial centres or subordination dynamics.

Reports & grey literature

From pipeline to policy: designing India's Article 6 approval framework for climate finance and domestic decarbonisation (London School of Economics and Political Science Research Online (London School of Economics and Political Science)) — India's Article 6 carbon-market framework; relevant to development finance and sovereign climate-policy instruments.
Debt, Climate, and Conflict as a Self-Reinforcing Polycrisis Triangle (Zenodo (CERN European Organization for Nuclear Research)) — Debt-climate-conflict polycrisis in developing states; relevant to subordination and sovereign-debt vulnerability.
Leveraging Strategic Assets: Attracting Financing in the Developing World in a Post-Aid Era (OpenAlex) — Bangkok's pushback on financing standards; limited detail on financial centre strategy or devices.
Sustainable Development as a Strategy for Polycrisis Mitigation (Zenodo (CERN European Organization for Nuclear Research)) — Generic polycrisis framing; lacks institutional or financial-centre specificity for project scope.

Insubordinate Finance: The Terminal — 2026-W40

Wed, 30 Sep 2026 19:06:38 +0000

This week's digest gathers research on financial devices, regulatory architectures, and institutional change across Southern financial centres and their North–South linkages. The Geoforum study of Caribbean central bank digital currencies and the work on West African monetary union sequencing examine how digital and monetary sovereignty interact with inherited colonial financial structures. Research on Brazilian debt management, Chinese capital-market reform, and regulatory innovation at India's SEBI illustrates how specific devices—from securitization to disclosure rules—reshape state capacity and market integration. We also note studies on intermediary innovation at the Nairobi and Ho Chi Minh exchanges, exchange-rate exposure in Brazilian agribusiness, and fintech-banking partnerships that reveal how Southern financial centres navigate North–South capital flows and South–South integration simultaneously.

New research

Institutional Changes in Capital Markets and the Efficiency of Resource Allocation Amid the Reshaping of the Global Financial Landscape: A Comparative Analysis of the Chinese and US Markets (Journal of Economics and Management Sciences) — Comparative institutional analysis of Chinese and US capital markets; registration reform, investor protection, market connectivity; addresses resource-allocation efficiency and institutional change.
The geographies of digital public monetary exclusion: examining the territorialising effects of central bank digital currencies in the Caribbean (Geoforum) — CBDCs (Sand Dollar, DCash) in Caribbean; financial exclusion through digital monetary sovereignty; directly addresses digital devices and Southern financial autonomy.
From the CFA Franc to the ECO: Endogenous Monetary Geography and the Sequencing of a West African Monetary Union (OpenAlex) — CFA franc to ECO monetary union sequencing directly engages colonial financial subordination and regional monetary geography.
The quiet side of financialization: The infrastructural power of finance and sovereign debt management in Brazil (Finance and Society) — Financialization of Brazilian public debt management and state-market relations; directly addresses São Paulo financial centre.
Du franc CFA à l’ECO : géographie monétaire endogène et séquençage d’une union monétaire ouest-africaine (Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)) — Endogenous monetary geography and West African monetary union; colonial-era CFA franc subordination and policy sequencing.
BRICS AND THE TRANSFORMATION OF THE GLOBAL POLITICAL ECONOMY: AN ADVANCED IMPACT ASSESSMENT OF ECONOMIC DE-WESTERNISATION, FINANCIAL DE-DOLLARISATION, GEOPOLITICAL FRAGMENTATION, BEHAVIOURAL RESPONSES AND GLOBAL SOUTH ECONOMIC EMPOWERMENT (Zenodo (CERN European Organization for Nuclear Research)) — BRICS de-dollarization, de-Westernization, local-currency settlements, alternative financial institutions; directly addresses North–South subordination and South–South networks.
"Liberation Day' and the Roots of Dollar Dominance (Spectre Journal) — Dollar dominance and historical roots; directly addresses currency hierarchy and financial subordination.
Historical Reflections on Interest Rates and the Emergence of the Yield Curve (RePEc NEP — Financial development & growth) — Historical foundations of yield curve as financial device; relevant to understanding valuation infrastructure.
Theory and explanation in financial geographies: Engaging with economics strategically (Dialogues in Human Geography) — Methodological framework for financial geographies engaging with economics and finance practitioners.
Basel III Capital Requirements and the Growth of Non‐Bank Financial Institutions in South Africa (South African Journal of Economics) — Basel III and fintech growth in South Africa; regulatory arbitrage and alternative financial institutions.
New Directions in the Arms Trade (OpenAlex) — South–South arms trade and petrodollar financialization; engages North–South and South–South financial hierarchies.
Leveraging Digital Financial Technologies for Sustainable Rural Entrepreneurship in India: An Analytical Study Using Secondary Data (International Journal of Advanced Research in Science Communication and Technology) — UPI, AEPS, FinTech in rural India; digital financial infrastructure reshaping access and potentially subordination dynamics.
Dividend signals, market imperfections and speculative bubble dynamics in an emerging market: Empirical evidence from the Moroccan stock market (Cogent Business & Management) — Speculative dynamics and dividend signalling on Casablanca Stock Exchange; specific device governing market behaviour.
THE UNINTENDED CONSEQUENCES OF FINANCIAL ACTION TASK FORCE (FATF) INTERNATIONAL STANDARDS IN NIGERIA (International Journal of Financial Research and Management Science) — FATF standards, AML/CFT compliance, and unintended consequences in Nigeria; regulatory device politics and sovereignty.
Dynamic relationship between interest rate, exchange rate and stock price returns: The case of Vietnam (International Journal of Financial Engineering) — Interest rate, exchange rate, and stock returns in Vietnam; monetary policy interactions and currency subordination.
+ 26 more

News

Astana International Financial Centre explores to partner with India GIFT City (economictimes.indiatimes.com) — Cross-border financial centre partnership between Central Asian and Indian GIFT hubs; South–South integration device.
Bilionário nigeriano Aliko Dangote e Quênia iniciam obras de refinaria de US$ 16 bilhões (Valor Econômico) — Nigerian billionaire's transnational oil-refinery investment in Kenya; South–South capital flows and regional integration.
FIDC de R$ 150 mi impulsiona Pix Consignado da UNI FY (Valor Econômico) — Fintech FIDC securitization device for payroll-deducted lending; digital payment infrastructure (Pix) deepening financial market integration.
Can Senegal escape a Ghana-style banking crisis? (The Africa Report) — CFA franc debt vulnerability in West Africa; colonial currency's role in financial subordination and crisis transmission.
RBI drains $20 billion liquidity via FX operations: What it means for rupee, rates (Mint — Economy) — RBI liquidity management via FX swaps; regulatory tool for controlling financial market behavior and currency stability.
Thai billionaire Charoen Sirivadhanabhakdi's firm eyes $1B listing for real estate investment trust (VnExpress International — Business) — REIT IPO targeting major capital raise; financial device (REIT) reshaping Bangkok's integration and institutional investor base.

Reports & grey literature

African Development Bank President Secures €270 Million Financing Agreement to Expand Morocco’s Airport Infrastructure (African Development Bank) — African Development Bank financing Morocco airport infrastructure; DFI-led infrastructure finance shaping Casablanca's regional role.
African Development Fund’s Climate Action Window advances East and Southern Africa projects toward financing (African Development Bank) — African Development Fund climate financing for East Africa; development finance instrument with limited centre-specific relevance.

From the archive

The Sovereign-Bank Diabolic Loop and ESBies (American Economic Review) — Sovereign-bank diabolic loop and ESBies securitization; academic scholarship on debt devices and currency-zone financial architecture.