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Dr Anastasia Nesvetailova

Dr Anastasia Nesvetailova (MA Manchester, PhD Aberystwyth) joined the Department in September 2007. Anastasia’s 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, developed a Minskyan analysis of financial fragility and crises in the late 1990s; it also analysed the coming crisis of securitization, systemic threats of private financial innovation and asset bubbles in mature economies. Currently Anastasia is working on the issues of systemic risk, liquidity and international financial governance. Her new book, Financial Alchemy in Crisis: The Great Liquidity Illusion, is published in June 2010.

 

Email: A.Nesvetailova@city.ac.uk

Research

General IPE themes:

  • Globalisation, governance and economic policymaking
  • Money, finance and credit in capitalism 
  • Hyman Minsky and Post-Keynesian political economy
  • Heterodox Economics and Institutionalist Political Economy
  • Economic history and the evolution of ideas in IPE

 

Specific areas of research:

  • Financial fragility and crisis
  • Global governance and financial regulation ("New International Financial Architecture")
  • Risk and financial innovation 
  • Financial stability and monetary policy 
  • Capitalist evolution in the former USSR

 

Areas of PhD Supervision:

 

I welcome applications from students interested in IPE, heterodox political economy and related fields. I particularly welcome those interested in the ideas of Hyman Minsky, JM Keynes and institutional political economy. Specific areas  of supervision include:

  1. Finance and credit in global capitalism  
  2. Financial crises, financial stability and regulation  
  3. Economic and socio-political transformations in ‘emerging markets’ 
  4. Political economy of the post-Soviet space
  5. IPE, policy-making and global economic governance 
 

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)
  • Russia: Oligarchic Capitalism in the Age of Globalisation (year 3, autumn term)

PG courses

  • MA: Global Political Economy (autumn term)
  • Political Economy of Global Finance (spring term)
  • Research Design (spring term)

 

Selected Publications

 

2008:

A.Nesvetailova, "Three Facets of Liquidity Illusion: Financial Innovation and the Credit Crunch", German Policy Studies, 4:3.

 

A. Nesvetailova and R. Palan, "A Very North Atlantic Credit Crunch: The Geopolitics of the Global Liquidity Meltdown", Columbia Journal of International Affairs, Fall 2008/Winter 2009, forthcoming.

 

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 Committe, pp. 364-411.

 

A. Nesvetailova, Ponzi Finance and Global Liquidity Meltdown: Lessons from Minsky  , City University Working Paper.

 

 

Earlier:

 

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.

 

Chapters in Books:

 

Nesvetailova, A., 2006, "In the Backyard of Europe: State Capitalism and the Political Economy of Integration between Russia and Belarus", in T. Bodenstein, M. Bolle (eds.) After Eastward Enlargement: Political Economy Perspectives on a New Europe, Berlin: Freie Universitat, 207-224.

 

Nesvetailova, A.. 2005 "Globalization and Post-Soviet Capitalism: Internalising Neoliberalism in Russia", in S. Soederberg et al (eds.), Internalising Globalization: The Rise of Neoliberalism and the Decline of National Varieties of Capitalism? Palgrave.

 

Nesvetailova, A., 2004, "From Transition to Dependent Development: The New Periphery in Global Finance Capitalism", in N. Robinson (ed), Reforging the Weakest Link, Aldershot: Ashgate.

 

Nesvetailova, A., 2002, "A Friend in Need or a Friend in Need? Russia and the Belarussian Economy", in A. Lewis (ed.), The EU and Belarus, London: Federal Trust for Education and Research.