State, capitalism and finance in emerging markets
On 12-14 July, we organised the first StateCapFinance workshop at Goethe University. For this workshop, we invited all our global cooperation partners to Frankfurt with the idea to discuss our ongoing work that explores the multifaceted relationship between financial markets and the state in emerging markets – which in part substantially deviates from the ‘liberal’ norms of how Western finance is organised but also including similarities and differences across countries and economic sectors.
| 12 July 2022 |
| registration (coffee) |
| introduction: aims and objectives of this workshop |
| session 1 – StateCapFinance presentation & discussion of the project Andreas Nölke & Johannes Petry (Goethe University Frankfurt) |
| dinner (GIOIA – Freude am Essen, off campus) |
| 13 July 2022 |
| session 2 – China, finance and statecraft Chinese financial statecraft and the e-CNY Christopher McNally (Chaminade University) Platform capitalism & Chinese fintech users Jing Wang (NYU Shanghai) |
| coffee break |
| session 3 – State-finance interactions in Africa South Africa’s financial system evolution within an exceptional socio-economic-ecological crisis Patrick Bond (University of Johannesburg) The state as risk-sharer: China’s development-oriented equity investment in Africa Muyang Chen (Peking University) |
| lunch (Vetro Vero, off campus) |
| session 4 – Finance and emerging market corporations The Role of the State in Subordinate Financialised Capitalism: Insights from Brazil & Turkey Elif Karacimen (Recep Tayyip Erdogan University) & Annina Kaltenbrunner (Leeds University) Comparative financial performance analysis of SOEs in BRICSS Alexander Abramov & Maria Chernova (Russian Presidential Academy of National Economy and Public Administration) |
| coffee break |
| session 5 – state-finance interactions in Brazil and Russia Financialization, credit rating agencies and policy space constraint: the Brazilian experience (Pedro Lange & Luiz Fernando de Paula (Federal University of Rio de Janeiro) Russian financial markets after February 2022: de-globalization, infrastructure issues and currency markets Ilja Viktorov (University of Stockholm) |
| dinner (Gasthaus zur Sonne, off campus) |
| 14 July 2022 |
| session 6 – Finance & state capitalism in comparative perspective Fiscal and Economic Responses during the COVID-19 Crisis: Is Asian state-led capitalism winning? Nancy Kim & Thomas Kalinowski (Ewha Womens University) The BRICS and the liberal global financial order: liberalism contested? Andreas Nölke & (Johannes Petry) (Goethe University Frankfurt) |
| coffee break |
| conclusion & next steps |
| lunch (Sturm & Drang, on campus) |
Finance under state capitalism 