Dr Anastasia Nesvetailova
Reader in International Politics; Course Director, Global Political Economy MA
Department of International Politics
Overview
Dr Anastasia Nesvetailova (MA Manchester, PhD Aberystwyth) joined City in September 2007. Her main research and teaching interests lie in the area of International Political Economy (IPE), finance and financial crises, globalisation and governance.
Her first monograph, Fragile Finance: Debt, Speculation and Crisis in the Age of Global Credit (2007, Palgrave), develops a Minskyan analysis of financial fragility and crises in the late 1990s. Her second monograph, Financial Alchemy in Crisis: The Great Liquidity Illusion (2010, Pluto) focuses on the elusive concept of 'liquidity' in global finance, and specifically, in the global financial crisis of 2007-2009.
Dr Nesvetailova is currently working on the political economy of financial innovation, liquidity and international financial governance.
Interview
Dr Nesvetailova talks about the global financial crisis in this interview with Ceris (Centre Européen de Recherches Internationales et Stratégiques)
Research interests
General IPE themes
- Globalisation, governance and economic policymaking
- Money, finance and credit in capitalism
- Hyman Minsky, Post-Keynesian political economy
- Heterodox Economics and Institutionalist Political Economy
- Economic history and the evolution of ideas in the IPE area
Areas of PhD supervision
Dr Nesvetailova welcomes applications from students interested in IPE, heterodox political economy and related fields. She particularly welcomes those interested in the ideas of Hyman Minsky, J.M. Keynes and institutional political economy. Specific areas of supervision include:
- Finance and credit in global capitalism
- Financial crises, financial stability and regulation
- Global governance and financial regulation ("New International Financial Architecture")
- Risk, liquidity and financial innovation
- Capitalist evolution in the former USSR.
Recent publications
- Nesvetailova, A. (2010) Financial Alchemy in Crisis: The Great Liquidity Illusion. London: Pluto
- Nesvetailova, A., Palan, R. (2010) 'The End of Liberal Finance? Towards a Changing Paradigm of Global Financial Governance'. Millennium, 38(3).
- Nesvetailova, A. (2010) 'The Crisis of Invented Money: Liquidity and the Global Credit Crunch", Theoretical Inquiries in Law, 11(1), January.
- Nesvetailova, A., Palan R. (2009) 'A Very North Atlantic Credit Crunch: On Some Geopolitical Implication of the Global Liquidity Meltdown', Journal of International Affairs (Columbia University), 62(1), pp. 165-186.
2008 publications
A. Nesvetailova, "Three Facets of Liquidity Illusion: Financial Innovation and the Credit Crunch", German Policy Studies, 4:3.
A.Nesvetailova, "The End of a Great Illusion: Credit Crunch and Liquidity Meltdown", DIIS Working paper no 2008/23, Copenhagen: Danish Institute for International Sudies.
A. Nesvetailova, "The Great Liquidity Illusion", Credit Magazine, November.
A. Nesvetailova, "Hyman Minsky and the Credit Crisis", Credit Magazine, April 2008.
R. Palan, A. Nesvetailova, June 2008, "Offshore Financial Centres", part of the Written Evidence to the House of Commons Treasury Committee, pp. 364-411.
A. Nesvetailova, Ponzi Finance and Global Liquidity Meltdown: Lessons from Minsky, City University Working Paper.
Earlier (selected)
Books
A. Cameron, A. Nesvetailova, R, Palan (eds), 2007, International Political Economy. Reader, 5 volumes, London: Sage.
2007, Fragile Finance: Debt, Speculation and Crisis in the Age of Global Credit., Palgrave Macmillan.
2007, Assassi, L., A. Nesvetailova, D. Wigan, (eds.) Global Finance in the New Century: Deregulation and Beyond, Palgrave Macmillan.
Journal articles
Nesvetailova, A., 2006, "Fictitious Capital, Real Debts: Systemic Illiquidity in the Financial Crises of the late 1990s", Review of Radical Political Economics, January, 38:1.
Nesvetailova, A., 2005, "The Economic Legacy of Hyman Minsky: Lessons for Russia", Voprosy Ekonomiki (Moscow), no. 3, March.
Nesvetailova, A., 2004, "The Logic of Neoliberal Finance and Global Financial Fragility: Towards Another Great Depression?", Research in Political Economy, Volume 21, edited By P. Zarembka and Susanne Soederberg.
Nesvetailova, A., 2004, "Coping in Global Financial System? The Political economy of Nonpayment in Russia", Review of International Political Economy, 5:11.
Nesvetailova, A., 2002, "Asian Tigers, Russian Bear and...International Vets? An Excursion into the 1997-98 Financial Crises", Competition and Change, 6:3, 251-267.
Teaching
Undergraduate courses
- International Political Economy I: Core Theories (year 2)
- International Political Economy II: Core Issues and Approaches to Governance (year 2)
- International Economic Organisations in World Politics: IMF, World Bank and WTO (year 2, autumn term)
- Change and Transformation in Global Politics (2nd year, autumn term)
Postgraduate courses
- MA: Global Political Economy (autumn term)
- Political Economy of Global Finance (spring term)
