Theoretical foundations and historical perspectives

Luiz Fernando de Paula, Barbara Fritz and Daniela Magalhães Prates

Chapter 1 in Currency Hierarchy and Financial Globalisation, 2026, pp 6-30 from Edward Elgar Publishing

Abstract: This chapter offers a contextualisation of our concept of currency hierarchy within the different strands of theoretical literature (Keynes, German Monetary Keynesians, Campinas School, Latin American structuralism and post-Keynesian approach) and provides a systematic overview of the different international monetary and financial systems, including an empirical assessment of global financial stocks and capital flows involving emerging market economies across these various regimes. This analysis set the stage for exploring the post-Bretton Woods era's increasing instability, with financial internationalisation in the 1970s giving way to financial globalisation in the 1990s.

Keywords: Currency hierarchy; Financial globalisation; Emerging market economies; Post-Keynesians; Latin-American strucuturalism (search for similar items in EconPapers)
Date: 2026
ISBN: 9781035328826
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035328833.00010 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:23142_2

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().