Issue 2026-W41 · 5 Oct – 11 Oct 2026
This week in insubordinate finance
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
- 13
- News
- 0
- Reports & grey literature
- 4
- From the archive
- 0
New research 13
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Central bank digital currencies, financial subordination and the quest for infrastructural autonomy: the introduction of the eNaira in Nigeria
CBDC as response to infrastructural subordination; directly engages financial autonomy and IFS in Global South case.
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The Sri Lankan Economy: The Sovereign Debt Crisis, Imf-Supported Stabilization, and Beyond
Sri Lankan sovereign debt and IMF stabilization; illuminates debt crisis and conditional reform, relevant to subordination.
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International Financial Centers, Foreign Direct Investment, and Economic Volatility
IFC status and capital flows asymmetry; addresses whether centres attract FDI or export capital, key to subordination thesis.
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BRICS under strain: Internal economic challenges in a rising coalition
BRICS institutional weaknesses and de-dollarization constraints; South–South financial integration limits and Chinese dominance dynamics.
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Do Shariah-ESG indices offer downside risk protection? Regime-dependent evidence from Sukuk and Islamic equity benchmarks
Islamic finance benchmarks and risk metrics; relevant to valuation devices but not anchored in Southern financial centres.
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From Pontes to Appia, but not to an Agorá: strategic hedging and infrastructural geoeconomics in the ECB's wCBDC initiative
Wholesale CBDC infrastructure and strategic dependencies; Northern-focused but illuminates digital integration devices and geoeconomics.
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Offshore Financial Centres and Banks' Funding Responses to Liquidity Shocks
Offshore financial centres and bank funding networks; infrastructure embeddedness and crisis-contingent relationships.
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AI-native credit intelligence on digital public infrastructure: evidence from India's account aggregator ecosystem
India's Account Aggregator framework as digital public infrastructure reshaping credit markets and financial inclusion in South Asian financial centre.
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BRICS Challenges in the Era of Multipolarity: An Analytical Study of Political and Economic Divergences
BRICS expansion and diverging interests in global financial governance; addresses South–South coalition building and political contradictions.
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AN OVERVIEW OF SUKUK DEVELOPMENT IN INDONESIAN MARKETS: INSIGHTS FROM LITERATURE
Indonesian sukuk issuance and strategic role; Islamic finance device but outside case-study geographies.
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Trust, privacy, and habit in retail central bank digital currency adoption among the unbanked
CBDC adoption among unbanked; behavioral study, not about centre infrastructure or subordination dynamics.
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One Africa, Many Nations: Why and How African Nations Should Unite Through Sovereignty-Preserving Economic Integration
Pan-African economic integration and leadership framework; broad policy survey without financial-centre focus.
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Assessing the Nexus Between Green Finance, Green Bonds and Environmental Sustainability in Selected Countries
Green bonds and sustainability in mixed-country sample including Nigeria; lacks focus on Southern financial centres or subordination dynamics.
No items match these filters.
News 0
Nothing this week.
No items match these filters.
Reports & grey literature 4
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From pipeline to policy: designing India's Article 6 approval framework for climate finance and domestic decarbonisation
India's Article 6 carbon-market framework; relevant to development finance and sovereign climate-policy instruments.
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Debt, Climate, and Conflict as a Self-Reinforcing Polycrisis Triangle
Debt-climate-conflict polycrisis in developing states; relevant to subordination and sovereign-debt vulnerability.
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Leveraging Strategic Assets: Attracting Financing in the Developing World in a Post-Aid Era
Bangkok's pushback on financing standards; limited detail on financial centre strategy or devices.
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Sustainable Development as a Strategy for Polycrisis Mitigation
Generic polycrisis framing; lacks institutional or financial-centre specificity for project scope.
No items match these filters.
From the archive 0
Nothing this week.
No items match these filters.