International Politics
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International Politics

CITYPERC

Welcome to the City Political Economy Research Centre (CITYPERC)

Welcome

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CITYPERC is London’s hub for expert analysis on politics and economics.

The Centre brings together world-leading expertise from academia, public policy, the financial sector and civil society. It especially seeks to address the rift between academic economics and public policy, which has generated increasing dissatisfaction amongst academics, policymakers and students.

Established in 2012, the Centre has rapidly become a focus for interdisciplinary research across the UK, Europe and beyond. CITYPERC has promoted innovative research, workshops and public events on tax justice, austerity economics, shadow banking, financial regulation among others. The Centre designed and developed the first BSc degree programme in International Political Economy in the UK, opened at City’s department of International Politics in 2014.

People & Partners

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Professor Anastasia Nesvetailova (Director)

nullAnastasia Nesvetailova is Professor in International Political Economy at the Department of International Politics. She is currently working on the political economy of financial innovation, liquidity and international financial governance.

See Professor Nesvetailova's full staff profile.

Professor Ronen Palan

Ronen Palan is Professor of International Political Economy and Head at the Department of International Politics. His work lies at the intersection between international relations, political economy, political theory, sociology and human geography. He wrote a number of books and numerous articles, book chapters and encyclopaedia entries on the subject of Offshore and Tax havens, state theory and international political economic theory.

See Professor Palan's full staff profile.

Professor Andrew Jones

Andrew Jones is Professor of Economic Geography and Dean of the School of Arts and Sciences. His interest in issues of globalisation has seen him contribute to studies in the fields of political science, sociology and management studies. His research focuses on global economy, including firms, governing organisations and the activities of key individuals.

See Professor Jones's full staff profile.

Professor Steve Schifferes

Steve Schifferes is Professor of Financial Journalism in the Department of Journalism at City University. He has covered topics such as the credit crunch, the Asian financial crisis, the Enron scandal, the launch of the euro an the sub-prime crisis. Among his current research interests are the public understanding of the financial crisis and the history of financial journalism.

See Professor Schifferes's full staff profile.

Professor Herman Schwartz

Herman Schwartz is Professor in the Politics Department at the University of Virginia and a Honorary Research Fellow at the City Political Economy Research Centre. He is a geographically oriented economic historian with an interest in the constitution of and interaction of state and market power. His current research focuses on the political economy of the knowledge economy.

See Professor Schwartz's full staff profile.

Professor Jean-Christophe Graz

Jean-Christophe Graz is Honorary Visiting Professor at the City Political Economy Research Centre and Professor of International Relations at the Institut d'Etudes Politiques et Internationales at the University of Lausanne, Switzerland.

See Professor Graz's full staff profile.

Professor Photis Lysandrou

Photis Lysandrou is a Honorary Research Fellow at the City Political Economy Research Centre. His research interests are in the areas of history of economic thought, economic methodology, globalisation and global finance and corporate governance.

See Professor Lysandrou's full staff profile.

Professor Avinash Persaud

Avinash Persaud is a Honorary Research Fellow at the City Political Economy Research Centre. His research focuses on exchange rate policy, financial market crises and regulation, and economic growth and the obstacles to growth.

See Professor Persaud's full staff profile.

Dr Ann Pettifor

Ann Pettifor is a Honorary Research Fellow at the City Political Economy Research Centre. Her work and writing has concentrated on the international financial architecture, the sovereign debts of the poorest countries, and the rise in sovereign, corporate and private debt in OECD economies.

See Dr Pettifor's full staff profile.

Dr Grietje Baars

Grietje Baars is a Lecturer in Law at City Law School. Her interests revolve around the role of capital, and the corporation, in global governance, as well as the nature and effects of corporate power in global society, as exemplified by the study of regulation and resistance in the global supply chain.

See Dr Baars's full staff profile.

Dr Geoff Tily

Geoff Tily is a Honorary Research Fellow at the City Political Economy Research Centre. His research is principally concerned with the work and legacy of John Maynard Keynes.

See Dr Tily's full staff profile.

Dr Amin Samman

Amin Samman is a Lecturer in International Political Economy at the Department of International Politics. His current research uses the financial crisis of 2008 in order to explore the relationship between narrative and history in the global political economy. More specifically, it seeks to investigate how different versions of various past crises have come to shape elite understandings of the 2008 crisis.

See Dr Samman's full staff profile.

Dr Stefano Pagliari

Stefano Pagliari is a Lecturer at the Department of International Politics. His research focuses on the regulation of OTC derivatives, credit rating agencies, and hedge funds in the US, Europe, and at the international level. He has also written on the issue of regulatory capture, the influence and advocacy strategies of financial and non-financial interest groups, US-EU regulatory relations, and the international regulatory architecture, with a particular focus on the Financial Stability Board and IOSCO.

See Dr Pagliari's full staff profile.

Dr Iosif Kovras

Iosif Kovras is a Senior Lecturer in Comparative Politics at the department of International Politics. Before joining the department he was a research fellow at Queen’s University, Belfast and Princeton University. His research interests include comparative politics, post-conflict transitional justice and human rights, broadly defined. His work has been published in Comparative Political Studies, West European Politics, Comparative Politics, Nations and Nationalism and Cooperation and Conflict, among others. .

See Dr Kovras' full staff profile.

Dr Stefano Sgambati

Stefano Sgambati is a Lecturer in International Political Economy at the department of International Politics. His research questions theories, histories and politics of money. His current works focus on the political economy of money-making, banking and debt finance and on institutional transformations in early English finance, as connected to bank leverage and securitisation.

See Dr Sgambati's full staff profile.

Dr David Barling

David Barling is Reader in Food Policy at the Centre for Food Policy. His research interests are food policy and political economy; the governance and regulation of the agri-food sector and the food supply in the UK; international and EU food security, support regimes and standards in relation to sustainable consumption and production.

See Dr Barling's full staff profile.

Dr Robert Davies

Robert Davies is a Senior Visiting Fellow at Cass Business School, City, University of London as well as a member of the Department of International Politics. He is particularly interested in defining the implications, for business leaders, of the transition from a unipolar world dominated by the US, to a multipolar environment. His forthcoming book, The Era of Global Transition: Crises and opportunities in a new world, to be published by Palgrave MacMillan and the Cass Business School Press, provides a range of tools for business leaders to use to explore the implications of a new world order.

See Dr Davies's full staff profile.

Dr Eleonora Poli

Eleonora Poli is a Research Fellow at the City Political Economy Research Centre. Her research focuses on the evolution of antitrust policy in the context of the globalising economy of the 20th and early 21st century.

See Dr Poli's full staff profile.

Dr Angelos Gkanoutas-Leventis

Angelos Gkanoutas-Leventis is a Research Fellow at the City Political Economy Research Centre. His research focuses on the oil and gas industry and the financialisation of the oil market.

See Dr Gkanoutas-Leventis's full staff profile.

Dr Shelly Gottfried

Shelly Gottfried is a Research Fellow at the City Political Economy Research Centre. Her research focuses on the consolidation of the Israeli oligarchy, and its implications for the domestic political economy.

See Dr Shelly Gottfried's full profile.

Dr Josh Ryan-Collins

Josh Ryan-Collins is a Research Fellow at the City Political Economy Research Centre. His research focuses on money, credit, banking and the macroeconomics of land and housing.

See Dr Josh Ryan-Collins' full profile.

Dr Florence Dafe

Florence Dafe is a Lecturer in International Political Economy at the Department of International Politics and Research Fellow at the City Political Economy Research Centre. Her research focuses on development, the financial sector, and the political economy of central banking.

David Quentin

David Quentin is a Honorary Research Fellow at the City Political Economy Research Centre. David is a UK barrister and advises on UK and international tax law, specialising in the taxation of complex corporate, financial and property transactions, disputes with the UK’s revenue authorities, and the taxation of not-for-profit entities.

See David Quentin's full profile.

Dr Hannah Peterson

Hannah Petersen is a Postdoctoral Fellow at CITYPERC. Her work investigates risk evaluation and risk preferences in the field of modern energy economics, exploring the increased support for methods of energy generation such as offshore drilling or 'fracking' and nuclear facilities.

See Hannah Petersen's full profile.

Dr Julia Sarno

Julia Sarno is a Postdoctoral Fellow at CITYPERC. Her work develops a quantitative analysis of national goodwill in the context of Foreign Direct Investment.

Doctoral Fellows

Giovanni Mangraviti

Giovanni Mangraviti is Research Associate at CITYPERC as well as doctoral researcher at the departments of International Politics (School of Arts and Social Sciences) and Management (Cass Business School). His research retraces the emergence and impact of futurity capitalism as a constitutive factor of the Chinese model of development.

See Giovanni Mangraviti's full profile.

Ilona Karpanos

Ilona Karpanos is a doctoral researcher at the Department of International Politics. Her research explores the impact of political and legal risks on the entry mode decision into the Russian market by small and medium-sized enterprises.

See Ilona Karpanos's full profile.

Jingjing Li

Jingjing Li is a doctoral researcher at the Department of International Politics, working on a project focusing on the environmental factors in Chinese energy interests in Latin America.

See Jingjing Li's full profile.

Steffen Murau

Steffen Murau is a doctoral researcher at the Department of International Politics. His research explores how monetary ideas have transferred into monetary institutions and how the dysfunction of monetary institutions in times of crisis has historically affected theories of money.

See Steffen Murau's full profile.

Andrei Sandu

Andrei Sandu is a doctoral researcher at the Department of International Politics. His research looks at the global governance of food security and explores the impact it has on the formation of functional post-colonial states.

See Andrei Sandu's full proflle.

Visiting Doctoral Fellows (2015)

James John Varellas III

Jay Varellas is a doctoral researcher at the Institute of International Studies at the University of California, Berkley. His research looks at the law and political economy of finance, with a particular focus on the utilization and regulation of new financial innovations by public and private organizations in the United Kingdom and the United States.

Michael Tyrala

Michael Tyrala is a doctoral researcher at the Department of Asian and International Studies at the City University of Hong Kong. His research focuses on the global regulation of tax havens before and after the global financial crisis.

Institutional Partners

Publications

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2017

2016

2015

2014

2013

2012


Conference papers

The City Political Economy Research Centre (CITYPERC) organised a conference on "Shadow Banking: A European Perspective" on February 1-2, 2013, in cooperation with COST and Cass Business School.

Selected conference materials are available for download below, either in the form of presentation slides or - for full papers - as part of the CITYPERC Working Paper Series.

Presentation slides

Bouveret, A., A Comparison of the US and European Shadow Banking System: What Can We Learn? (Presentation delivered at the "Shadow Banking: A European Perspective" conference, February 1-2 2013, Cass Business School)

Cohen, B., International Cooperation to Address Shadow Banking Risks (Presentation delivered at the "Shadow Banking: A European Perspective" conference, February 1-2 2013, Cass Business School)

Masters, B., Shadow Banking or Market Finance? Regulatory Politics in the EU and UK (Presentation delivered at the "Shadow Banking: A European Perspective" conference, February 1-2 2013, Cass Business School)

Mehrling, P., Shadow Banking, Central Banking and the Future of Global Finance (Presentation delivered at the "Shadow Banking: A European Perspective" conference, February 1-2 2013, Cass Business School)

Nesvetailova, A., & Palan, R., Governance Convergence of Tax Havens and the Shadow Banking System in Light of the Crisis (Presentation delivered at the "Shadow Banking: A European Perspective" conference, February 1-2 2013, Cass Business School)

Tanega, J. & Baklanova, V., European Money Market Funds: A Comparative Analysis of US and European De Facto and De Jure Micro-Processes (Presentation delivered at the "Shadow Banking: A European Perspective" conference, February 1-2 2013, Cass Business School)

Papers

Tropeano, D., Financial Fragility in the Current European Crisis, CITYPERC Working Paper Series, No. 2013-09

Fabrizi, M. & Parbonetti, A., Privatized Returns and Socialized Risks: CEO Incentives, Securitization Accounting and the Financial Crisis, CITYPERC Working Paper Series, No. 2013-08

Jeffers, E. & Baicu, C., The Interconnections Between the Shadow Banking System and the Regular Banking System. Evidence from the Euro Area, CITYPERC Working Paper Series, No. 2013-07

Bengtsson, E., Fund Management and Systemic Risk - Lessons from the Global Financial Crisis, CITYPERC Working Paper Series, No. 2013-06

Cedillo Lazcano, I., The Historical Role of the European Shadow Banking System in the Development and Evolution of Our Monetary Institutions, CITYPERC Working Paper Series, No. 2013-05

Torija, P., Do Politicians Serve the One Percent? Evidence in OECD Countries, CITYPERC Working Paper Series, No. 2013-04

Palan, R. & Nesvetailova, A., The Governance of the Black Holes of the World Economy: Shadow Banking and Offshore Finance, CITYPERC Working Paper Series, No. 2013-03

Hsu, S., Li, J. & Qin, Y., Shadow Banking and Systemic Risk in Europe and China, CITYPERC Working Paper Series, No. 2013-02

Tyson, J. & Shabani, M., Sizing the European Shadow Banking System: A New Methodology, CITYPERC Working Paper Series, No. 2013-01

Russi, L., A Second Look at the 2007-08 Food Price Crisis: Considering the Impact of Endogenous Dynamics on Food Prices, CITYPERC Working Paper Series, No. 2012-01

Impact

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March 201754

RMB Internationalisation: A Conflict of Statecrafts

CITYPERC is delighted to host Professor Benjamin J. Cohen, from the University of California (Santa Barbara), for a seminar lecture on the political implications of the challenge posed by RMB to the US dollar. The event, chaired by Professor Ronen Palan, is held in ELG03 on the 22nd March, 06:00-08:00pm. Attendance is free and all are welcome.

Finance Uncovered: The Tax Disclosure Project

CITYPERC has had to pleasure to host the launch workshop of the Tax Disclosure Project, a campaign led by Finance Uncovered, an international network of leading investigative journalists committed to holding politicians to account and helping to restore public trust in them. The campaign aims to put pressure on elected representatives to fully disclose their sources of income and tax payment. At the end of workshop, convened between the 28th February and the 3rd March, the campaign lodged in more than 7000 requests to legislators across 20 different countries, generating plenty of media attention in its wake.

November 201654

The COFFERS Project: Combating Financial Fraud and Empowering Regulators

CITYPERC is pleased to announce the launch of a new research project led by Professors Ronen Palan, Anastasia Nesvetailova and Richard Murphy. The project was awarded a €638.000 European Commission H2020 grant and is part of €5 million international research initiative, currently one of the biggest of its kind, that aims to discover the scale of tax revenue lost through tax avoidance and evasion across the European Union. More info is available here.

The CORPLINK Project: Mapping the Organisation of the Corporate World

CITYPERC is pleased to announce the launch of a new research project led by Professors Ronen Palan, Anastasia Nesvetailova and Richard Murphy. The project was awarded a €1.739 million European Research Council grant, the first at City, and will focus on developing a framework to study the arbitrage power of multinational corporations through an innovative Corporate Processes and Linkages mapping methodology. More details to fellow.

Conference: Intersections of Finance and Society

In association with the journal Finance and Society and the Social Studies of Finance Research Network at the University of Sydney, the City Political Economy Research Centre (CITYPERC) and the Department of International Politics are hosting and sponsoring a two-day conference on contemporary money and finance, specifically designed to identify new synergies between heterodox political economy and sociological, historical, as well as philosophical perspectives on the intersections of finance and society. For more information, please visit the conference website55. The event is free, but registration 56 is required.

September 2016

The Globalization Game: Bruised egos at China G20 Summit

Professor Anastasia Nesvetailova appeared in a televised debate with Solange Chatelard moderated by François Picard. The interview, focusing on tensions at the G20 meeting in Hangzhou and the emerging role of China, was broadcast by France24 on the 5th September 2016. Watch the full programme here.

Can China be a global economic leader?

In a televised debate on Al Jazeera English, Professor Anastasia Nesvetailova debated Einar Tangen, economic affairs commentator and adviser to the Chinese government, in Adrian Finighan's  "Inside Story - Can China be a global economic leader?". The interview was broadcast on the 4th September 2016, is available in full here.

March 201657

Forget Bad Apples – "the crisis would still have been as big"

In a piece for Livemint published on the 31th March, "Bad Apple Theory of financial crises58", Professor Avinash Persaud reviews Adam Mackay's film version of Michael Lewis The Big Short, and tells us just what is wrong with the 'Bad Apple' theory of financial crises.

Is the finance sector fit for purpose?

Professor Anastasia Nesvetailova 59joined Yanis Varoufakis 60 in a public debate on the financial sector hosted by Class 61(Centre for Labour and Social Studies). The event, held at the Haberdashers Hall on the 30th March 2016, is part of the series of public discussions on New Economics 62convened by Shadow Chancellor John McDonnell.

Recent Developments in Finance: Technology, Regulation, Risks

The City Political Economy Research Centre (CITYPERC), sponsored by the Department of International Politics, is convening a third policy workshop for academics and practitioners to discuss the latest technological developments in finance and their impact on regulation and risk. The workshop will take place on 9th March 2016. Attendance is by invitation only.

February 2016

Behind 'Brexit'

Professor Ronen Palan was interviewed by ResearchGate on the impact that a UK exit from the European Union would have on trade and immigration. The article was published on the 23rd February 2016.

Ronen Palan is Professor of International Political Economy at City, University of London and Research Fellow at the City Political Economy Research Centre (CITYPERC)

Shadow Banking and Financial Innovation: in Search of a Theory

Professor Anastasia Nesvetailova delivered a talk at the St Catharine’s Political Economy Seminar on the 24 February 2016. The event is part of a series on the Economics of Austerity run by the Cambridge Political Economy Hub at the University of Cambridge.

CITYPERC at NEF with Lord Adair Turner

Professor Anastasia Nesvetailova has chaired a public debate with Lord Adair Turner in the context of his new book Between Debt and the Devil. The former Chair of the Financial Services Authority discussed the challenges facing the global economy, with responses from Josh Ryan-Collins, Associate Director of Economy and Finance at NEF and fellow at CITYPERC. The event was held on the 10th February 2016 at NEF.

Anastasia Nesvetailova is Professor in International Political Economy at City, University of London and Director of the City Political Economy Research Centre (CITYPERC)

2015 Archive

December 2015

The Role of Debt in the Economy: QE and Beyond

The City Political Economy Research Centre (CITYPERC), sponsored by the Department of International Politics, is convening a second policy workshop for academics and practitioners to continue the debate on post-austerity economics. The workshop will take place on 2nd December 2015. Attendance is by invitation only.

October 2015

The 'Robin Hood' Tax: Towards a Policy Proposal

The City Political Economy Research Centre (CITYPERC), sponsored by the Department of International Politics, is convening a closed policy workshop for academics and practitioners to discuss the proposal for a financial transaction tax in Europe. The workshop will take place on 28th October 2015. Attendance is by invitation only.

Ronen Palan pens new States and Markets foreword

The new edition of the late Susan Strange's States and Markets will feature a foreword written by Professor Ronen Palan. The book, published by Bloomsbury, is out on the 22nd October 2015.

The True State of Russia's Weak Economy

Professor Anastasia Nesvetailova was interviewed by Elliot Wilson for a piece titled "The true state of Russia’s weak economy? Most of it is overseas", published on Emerging Markets the 7th October 2015.

Director Anastasia Nesvetailova interviewed on CNN

In a televised interview for CNN News, broadcast live on the 2nd October 2015, Professor Anastasia Nesvetailova discussed her appointment to Labour's new Economic Advisory Committee and Corbyn's proposed anti-austerity programme, including the so-called 'people's QE'. Watch the interview here.

CITYPERC fellows appointed to Economy Advisory Committee

CITYPERC Director Anastasia Nesvetailova and Honorary Research Fellow Ann Pettifor join Nobel Laureate Joseph Stiglitz and Professors Thomas Piketty (Paris School of Economics), Mariana Mazzucato (Sussex), Danny Blanchflower (Dartmouth) and Simon Wren-Lewis (Oxford) in the newly-appointed advisory panel to John McDonnell MP, the Labour Party's new Shadow Chancellor of the Exchequer.

The East Asian Economic Order and the China–US Stand-off

The City Political Economy Research Centre (CITYPERC) has the pleasure of hosting a talk by Professor Emeritus of IPE Richard Higgot on "The Institutionalisation of the East Asian Economic Order: Theory and Practice in the China-US Stand-Off", with Dr Lee Jones (Queen Mary University of London) as discussant and Professor Anastasia Nesvetailova (CITYPERC) as chair. The event will take place on the 6th October 2015, 6-7:30pm, in D111 (Rhind Building, City University London).

June 2015

Money and Ideas behind Putin's Russia

The City Political Economy Research Centre (CITYPERC) has the pleasure of hosting a public seminar on "Money and Ideas behind Putin's Russia". The seminar will be chaired by Professor Randall Germain (Carleton) and will feature the following discussants: Ray Silvius (Winnipeg) "Putin's Embedded Civilisationalism and Eurasian Integration", Anastasia Nesvetailova (CITYPERC) "Dilemmas of a Great Power Sustaining Borrowed Growth and Battling Credit Isolation", and John Lough (Chatham House & BGR Gabara) "Has Putin strengthened or weakened Russia’s national security?". The event will take place on the 17th June 2015, 6-7:30pm, in D111 (Rhind Building, City University London). All welcome.

February 2015

The 7 Reasons Why Super Rich British Tax Dodgers Don't End Up in Jail

Ronen Palan was interviewed by Frankie Mullin for a piece on Vice magazine on tax avoidance and the difficulty of prosecution.

Ronen Palan is Professor of International Political Economy at City, University of London and Research Fellow at the City Political Economy Research Centre (CITYPERC)

January 2015

Europe and the battle against tax flight

Ronen Palan is featured in a piece on Eutopia Magazine, "Offshore Location Europe: How Effectively is Tax Flight Combatted?" (published on the 5th January 2015), where Dr Silke Ötsch offers an insightful write-up of the mechanics of tax avoidance and the challenges to regulation in Europe and beyond.

Ronen Palan is Professor of International Political Economy at City, University of London and Research Fellow at the City Political Economy Research Centre (CITYPERC)

2014 Archive

December 2014

Bank bailouts begin as Russia faces biggest challenge to date

In a piece for The Conversation, published on the 23nd December 2014, Professor Anastasia Nesvetailova dissects the fragility of Russia's political-economic model under Putin and explains why this economic crisis is likely to be more destructive than the one in 1998.

Anastasia Nesvetailova is Professor in International Political Economy at City, University of London and Director of the City Political Economy Research Centre (CITYPERC)

Professor Anastasia Nesvetailova on CNBC

In an on-set TV interview on CNBC, broadcast on the 22nd December 2014, Professor Anastasia Nesvetailova explains how the Russian oil crash is now turning into a banking crisis that, if not contained, is set to trigger a bank panic, as central bank reserves are rapidly depleting and a downgrade in investment ratings looks ever more likely. Watch here.

Professor Anastasia Nesvetailova on Australia's ABC News

Professor Nesvetailova's comments on Russia's economic turmoil, and its effect on ordinary Russians and the middle classes, featured in an piece by Ashley Hull, "Russian Currency Strife Prompts Economic Crisis", broadcast on ABC News on the 17th December 2014. Audio and transcript available here.

Professor Anastasia Nesvetailova interviewed on Channel 4 News

In an interview with Economics Editor Paul Mason on the evening news programme Channel 4 News, broadcast at 7pm on the 16th December 2014, CITYPERC Director Anastasia Nesvetailova explains how the collapse of the rouble to a record low against the dollar, following the double whammy of western sanctions over Ukraine and plunging oil prices, has revealed the pre-existing fragility of the Russian economy and is likely to damage Putin's domestic credibility as a leader. Watch here.

Anastasia Nesvetailova is Professor in International Political Economy at City, University of London and Director of the City Political Economy Research Centre (CITYPERC)

ESRC Seminar Series: Understanding the Post-Crisis Landscape - Seminar 1

Professor Anastasia Nesvetailova is speaking at the "Crisis and Shifting Economic Management" section of "Assessing Change in Economic Management, Welfare, Work and Democracy", the first meeting of the ESRC Seminar Series Understanding the Post-Crisis Landscape. The event will take place on the 15th December, 09:30-17:30, at the University of Birmingham.

Anastasia Nesvetailova is Professor in International Political Economy at City, University of London and Director of the City Political Economy Research Centre (CITYPERC)

Shadow Banking and the Next Crisis

The City Political Economy Research Centre (CITYPERC) and Rethinking Economics (Kingston) are hosting a seminar on "Shadow Banking and the Next Crisis", chaired by Yuan Fang (Rethinking Economics) and featuring Professor Anastasia Nesvetailova, CITYPERC Director, and James Meadway, Senior Economist at the New Economics Foundation. The seminar will take place on Monday 1th December, 18:00-19:30, in D220 (Social Sciences Building, City University London). This event is open to the public; to RSPV, please contact Niall Reddy.

November 2014

Professor Ronen Palan interviewed on The Guardian

In an interview on "Luxembourg and Juncker under pressure over tax deals", penned by Rupert Neate, Simon Bowers and Ian Traynor on The Guardian (6 November), Professor Ronen Palan explains how the revelations following the leak of 28,000 tax papers from Luxembourg constitutes first direct evidence of the Grand Duchy's dealings as a tax haven.

Ronen Palan is Professor of International Political Economy at City, University of London and Research Fellow at the City Political Economy Research Centre (CITYPERC)

The City of London and the Future of the British Economy - Conference

The City Political Economy Research Centre (CITYPERC) and the Sheffield Political Economy Research Institute (SPERI) have the pleasure of inviting students, staff and members of the public to a roundtable on the role of the City of London in the British economy. Our panel will feature:

  • Brunello Rosa (Roubini Global Economics): "The City of London in the New Geopolitical Context"
  • Ann Pettifor (PRIME Economics): "Why the refrain 'there is no money' is wrong"
  • Geoff Tily (TUC) "On prosperity, growth and finance"
  • John Mills (John Mills Limited): "Britain's Soluble Economic Problems"
  • Paul Davies (Wall Street Journal): "Property, Debt and Capital: Challenges for European Banks"

The event will be chaired by CITYPERC Director, Professor Anastasia Nesvetailova, and will take place on 5th November from 4:30 to 6:30 pm in room A130, College Building (City University London). Entrance is free of charge and light refreshments will be provided. This event is open to the public, but registration is recommended.

The City of London and the Future of the British Economy - Workshops

The City Political Economy Research Centre (CITYPERC) and the Sheffield Political Economy Research Institute (SPERI) are hosting a series of academic workshops on the role of the City of London in Britain's political economy. The themes of the workshops are as follows:

  • The City in a Changing World Economy, chaired by Dr Amin Samman;
  • The City, Power, Growth, chaired by Professor Colin Hay;
  • Re-thinking the role of the City, chaired by Professor Victoria Chick.

The event will take place 09:00 am to 4:00 pm on the 5th November. Attendance is by invitation only.

July 2014

Is the City of London essential to Britain's prosperity?

Professor Ronen Palan debated economist Bridget Rosewell over the economic impact and global role of the City of London on BBC Radio 4 The World Tonight with Philippa Thomas. The interview featured in episode "Airliner Hit From Rebel Area - Obama" (at 34'), broadcast on Friday 18th at 22:30.

Ronen Palan is Professor of International Political Economy at City, University of London and Research Fellow at the City Political Economy Research Centre (CITYPERC)

Europe between financial repression and regulatory capture

Dr Stefano Pagliari's latest article, "Europe between financial repression and regulatory capture" (with Shahin Vallée and Éric Monnet), has been published as Bruegel Working Paper No 2014/08. The article looks at the relationship between governments and financial systems in Europe and the impact of the reform of the European financial architecture and the design of a European banking union.

Dr Stefano Pagliari is Lecturer at the Department of International Politics at City, University of London and Research Fellow at the City Political Economy Research Centre (CITYPERC)

June 2014

Making Money Work for People and Planet

Dr Anastasia Nesvetailova and Dr Ann Pettifor will join Professor Tim Jackson (University of Surrey) and Ben Dyson (founder of Positive Money) in a panel discussion chaired by Michael Meacher MP at the House of Commons. The event, part of the People's Parliament series hosted by John McDonnell MP, will take place on the 25th June, 7-8:30pm, in Committee Room 9 (House of Commons). Register your attendance here for free admission.

Dr Anastasia Nesvetailova is Reader in International Political Economy at City, University of London and Director of the City Political Economy Research Centre (CITYPERC)

Dr Ann Pettifor is an Honorary Research Fellow at the City Political Economy Research Centre (CITYPERC)

Interest rates to rise: Ann Pettifor on the BBC

In a television interview with Jo Coburn on BBC Daily Politics (broadcast 24 June), Ann Pettifor debated Spectator magazine Fraser Nelson on the rise of interest rates. Watch here.

Dr Ann Pettifor is an Honorary Research Fellow at the City Political Economy Research Centre (CITYPERC)

Greece and the future of the EU energy industry

In "Greece: Securing a Central Role in the EU Energy Future", published on Natural Gas Europe and RCEM (Research Centre for Energy Management, ESCP Europe Business School), Dr Angelos Gkanoutas-Leventis suggests how Greece can take advantage of current opportunities to jump in the driving seat of the EU energy industry.

Dr Angelos Gkanoutas-Leventis is a Research Fellow at the City Political Economy Research Centre (CITYPERC)

The Evolution of Nowhere Banking

"Nowhere Banking had become the very infrastructure of financial innovation, without which finance can no longer function" - CITYPERC Director Anastasia Nesvetailova explains why we need more research on financial innovation. Her article appeared in the latest issue of Risk and Regulation, published by CARR, the Centre for Analysis of Risk and Regulation at LSE (No. 27, Spring 2014).

Dr Anastasia Nesvetailova is Reader in International Political Economy at City, University of Londonn and Director of the City Political Economy Research Centre (CITYPERC)

Globalisation and De-globalisation: It all started in September 1957

In "Tout a débuté en septembre 1957..." (in French), published on Alternatives Economiques (Alternatives économiques hors-série, n° 101 "Mondialisation et Démondialisation", April 2014), Professor Ronen Palan identifies the expansion of uncontrolled finance as the basis of the contemporary phase of globalisation.

Ronen Palan is Professor of International Political Economy at City, University of London and Research Fellow at the City Political Economy Research Centre (CITYPERC)

The Making of Subprime Finance: From New Deal Institutions to Capital Markets

The City Political Economy Research Centre (CITYPERC) is hosting a seminar on "The Making of Subprime Finance: From New Deal Institutions to Capital Markets" by Dr Martha Poon (London School of Economics and Political Science). The seminar, featuring Dr Anastasia Nesvetailova as chair and Dr Amin Samman as discussant, will take place on 10 June 2014, 13:00-14:30, in room D104, Social Science Building (City University London). This event is open to the public.

May 2014

Financial Power and the Political Economy of Regulatory Reform

Dr Stefano Pagliari presented at the "Financial Power and the Political Economy of Regulatory Reform" workshop organised by Dr Scott James (King's College London), on May 28 at King's College London.

Dr Stefano Pagliari is Lecturer at the Department of International Politics at City, University of London and Research Fellow at the City Political Economy Research Centre (CITYPERC)

Referendum in Ukraine: people simply want a return to normal

Andrei Sandu writes on the referendum in Ukraine as the latest attempt to rewrite ethnic history. His piece appears on The Conversation, the independent news outlet sourced from the academic and research community.

Andrei Sandu is a PhD student at the Department of International Politics at City, University of London and Doctoral Fellow at the City Political Economy Research Centre (CITYPERC)

Banks and Financial Regulation: Transatlantic Perspectives

Dr Stefano Pagliari presented his research on lobbying at the "Banks and Financial Regulation: Transatlantic Perspectives" workshop, organised by Martin Rhodes and Rachel Epstein (University of Denver) at the Josef Korbel School of International Studies, University of Denver on May 15-17.

Dr Stefano Pagliari is Lecturer at the Department of International Politics at City, University of London and Research Fellow at the City Political Economy Research Centre (CITYPERC)

Professor Ronen Palan interviewed on Time Weekly

Professor Ronen Palan's interview, "Tax Havens Breed Corruption", appeared in Zhao Yan's feature "Destinations of China's Nouveau Riche Capital: How Money Gets Hidden Uncovers the Veil of Tax Havens". The article, published in the 21-27 March issue of Time Weekly, marks the launch of How Money Gets Hidden [Qián shì rúhé bèi cángqilai de], the 2014 Chinese edition of Professor Palan's Tax Havens: How Globalization Really Works (2009, with Richard Murphy and Christian Chavagneux).

Ronen Palan is Professor of International Political Economy at City, University of London and Research Fellow at the City Political Economy Research Centre (CITYPERC)

Professor Ronen Palan interviewed on RT

In an extended TV interview on episode 74 of RT show Going Underground ("Redefining privacy, CCTV obsession & 'corruption' in the City", broadcast on the 7th May), Professor Ronen Palan discusses the City's global financial power as an interlinked offshore centre and tax haven.

Ronen Palan is Professor of International Political Economy at City, University of London and Research Fellow at the City Political Economy Research Centre (CITYPERC)

April 2014

A non-Western payment card system in Russia

Dr Anastasia Nesvetailova has published the piece "Making a Non-Western Payment Card System, in Russia" on Financial Times Alphaville. Her article, co-written with Dr Natalia Kaurova (Associate Professor at the Financial University under the Government of the Russian Federation), discusses the Duma's draft law to create a national system for payment cards in response to US sanctions over the Ukraine crisis.

Dr Anastasia Nesvetailova is Reader in International Political Economy at City, University of London and Director of the City Political Economy Research Centre (CITYPERC)

Russia: The real impact of sanctions

In her latest piece for EconoMonitor (Roubini Global Economics), "The Sanctions Against Russia Do Bite: But Are They Having Their Intended Impact?", Dr Anastasia Nesvetailova comments on the long-term economic impact of the recent sanctions on Russia and the Kremlin's plan for a new national payment system.

Dr Anastasia Nesvetailova is Reader in International Political Economy at City, University of London and Director of the City Political Economy Research Centre (CITYPERC)

China's slowdown will avoid the drama of a Minsky moment

Amid recent speculation in the media about China approaching a "Minsky moment", Dr Anastasia Nesvetailova weighs in with a piece for The Conversation, the independent news outlet sourced from the academic and research community.

Dr Anastasia Nesvetailova is Reader in International Political Economy at City, University of London and Director of the City Political Economy Research Centre (CITYPERC)

Dr Amin Samman on the Great Depression as Black Mirror

Dr Amin Samman discusses his 2012 paper "The 1930s as black mirror: Visions of historical repetition in the global financial press, 2007-2009" (Journal of Cultural Economy 5, no. 2) in an interview for Faculti.

Dr Amin Samman is Lecturer at the Department of International Politics at City, University of London and Research Fellow at the City Political Economy Research Centre (CITYPERC)

March 2014

ISA's 55th Annual Conference (March 26th - 29th, Toronto)

At this year's annual conference of the International Studies Association, Dr Amin Samman was discussant of panel SC60 (Modelling Worlds: The Spatial Politics of Economic Simulation) and presenter of papers "Conjuring the Spirit of Multilateralism: Histories of Crisis Management during the Great Credit Crash" and "History and Crisis Theory: A Contribution to the Constructivist and Cultural Political Economy Approaches" in panels WD35 (Governing the Financial Crisis) and TB22 (IPE and IR Theory).

Dr Stefano Pagliari presented the paper "Is Financial Sector Lobbying Unique? Analyzing the the Ecology of Professional Interests in Financial Regulatory Policymaking" (with Dr Kevin Young) in panel SA27 (Professional Strategies in the International Political Economy).

Dr Amin Samman and Dr Stefano Pagliari are Lecturers at the Department of International Politics at City, University of London and Research Fellows at the City Political Economy Research Centre (CITYPERC)

February 2014

Dr Anastasia Nesvetailova for the Just Money series

Dr Anastasia Nesvetailova has joined the Just Money forum on Open Democracy. Her piece, "Shadow Banking, or Why Black Holes are Important in the Global Financial System", discusses the pervasiveness of the shadow banking sector and the challenges that it poses to regulators and policy-makers in the aftermath of the financial crisis.

Dr Anastasia Nesvetailova is Reader in International Political Economy at City, University of London and Director of the City Political Economy Research Centre (CITYPERC)

The Keen-Krugman debate on the Just Money series

In the third instalment of the Just Money series, Dr Steve Keen (University of Western Sydney and Institute for New Economic Thinking) adds a final response to his notorious debate with Professor Paul Krugman on the role of banking and the creation of credit. "The Keen-Krugman Debate" is introduced by the series editor, Dr Ann Pettifor.

Dr Geoffrey Ingham for the Just Money series

As part of Dr Ann Pettifor's series on Just Money, Dr Geoffrey Ingham (Christ's College, Cambridge) discusses the nature of the public-private partnership between the state and the financial sector in " Whose Money is it? ".

Dr Ann Pettifor launches Just Money series on Open Democracy

Following the success of her recent ebook, "Just Money", Dr Ann Pettifor has launched an eponymous series of articles on Open Democracy to reach out to a wider audience and stimulate further debate around monetary reform. The Just Money series gathers contributions from some of the most influential experts on monetary theory and the politics of the financial system. As editor of the series, Dr Pettifor opens the discussion with an article on how to put an end to the despotism of finance.

Dr Ann Pettifor is an Honorary Research Fellow at the City Political Economy Research Centre (CITYPERC)

Dr Angelos Gkanoutas-Leventis on Greece's energy strategy

In his latest piece, "Risks and conditions for the Energy Strategy of Greece", published on Natural Gas Europe and RCEM (Research Centre for Energy Management, ESCP Europe Business School), Dr Angelos Gkanoutas-Leventis discusses the geopolitical risks and opportunities of energy policy in Greece.

Dr Angelos Gkanoutas-Leventis is a Research Fellow at the City Political Economy Research Centre (CITYPERC)

After Globalisation, US Empire and Geopolitics

The City Political Economy Research Centre (CITYPERC) is hosting a seminar by Professor Radhika Desai (University of Manitoba) with the title "After Globalisation, US Empire and Geopolitics". The seminar will take place on 3 February 2014, between 17:30 and 19:00, in D112 (Social Sciences Building). This event is open to the public.

January 2014

Dr Ann Pettifor on money and the power of finance

In her recent ebook, "Just Money - How Society Can Break The Despotic Power Of Finance" (PRIME, 13th January), Dr Ann Pettifor discusses how an improved understanding of money and finance can lead to more just and productive economies.

Dr Ann Pettifor is an Honorary Research Fellow at the City Political Economy Research Centre (CITYPERC)

2013 Archive

December 2013

Dr Angelos Gkanoutas-Leventis on energy infrastructure

In the article "Cyprus and Greece: Dilemmas in Energy Infrastructure", published on Ethnos and RCEM (Research Centre for Energy Management, ESCP Europe Business School), Dr Angelos Gkanoutas-Leventis discusses the political and economic issues associated with the construction of energy pipelines in the Southeastern Mediterranean.

Dr Angelos Gkanoutas-Leventis is a Research Fellow at the City Political Economy Research Centre (CITYPERC)

Where Does the Money Go? Strategic Quantitative Easing

The City Political Economy Research Centre (CITYPERC) is hosting a seminar by Josh Ryan-Collins from NEF (the New Economics Foundation) with the title "Where Does the Money Go? Strategic Quantitative Easing". The seminar will take place on 10 December 2013, between 18:00 and 19:30, in the Convocation Suite (Northampton Square). This event is open to the public.

November 2013

Governing (through) Expectations: Performativity, Credibility, and Knowledge in Monetary Policy

The City Political Economy Research Centre (CITYPERC) is hosting a seminar with the title "Governing (through) Expectations: Performativity, Credibility and Knowledge in Monetary Policy" by Benjamin Braun from the University of Warwick and the Université Libre de Bruxelles. The seminar will take place on 12 November 2013, between 17:00 and 18:30, in room D104, SASS Building, 1 Whiskin Street. This event is open to the public.

October 2013

Rebuilding the Empire: Eurasian Union or Pax Russica?

The City Political Economy Research Centre (CITYPERC) is hosting a seminar by Professor Maxim Bratersky of the Higher School of Economics, Moscow. Professor Herman Schwartz, of the University of Virginia and CITYPERC Honorary Research Fellow, will act as discussant. The seminar will take place on 16 October 2013, between 1:30 and 3:00 pm, in room D220. This event is open to the public.

Jubilee 2000 Debt Campaign: An Insider View

The City Political Economy Research Centre (CITYPERC) is hosting a seminar by Dr Ann Pettifor of PRIME Economics and CITYPERC Honorary Research Fellow. The seminar will take place on 14 October 2013 between 1:00 and 2:00 pm in room AG07. This event is open to the public.

The New Politics of Business: From a Physical to an Intangible Economy

The City Political Economy Research Centre (CITYPERC) is hosting a seminar by Professor Herman Schwartz of the University of Virginia and CITYPERC Honorary Research Fellow. The seminar will take place on 9 October 2013 at 6:00 pm in room B104, College Building, Northampton Square. This event is open to the public.

July 2013

Obituary for Peter Westwick

The academic and doctoral community at the City Political Economy Research Centre come together to mourn the premature loss of friend and colleague Peter Westwick. Peter was a doctoral fellow with the Centre, whose research focused on the evolution of consumer credit in the United States. He was a keen participant to many of the Centre's initiatives, and his interest, intellectual curiosity and cheerfulness will be greatly missed.

Base Erosion and Profit Shifting: the Future of Corporate Taxation

The City Political Economy Research Centre (CITYPERC) is hosting a discussion workshop organised by the Tax Justice Network with the title "Base Erosion and Profit Shifting: the Future of Corporate Taxation". The workshop will take place on 4-5 July 2013. Attendance is by invitation only.

Luigi Russi on radical food activism

In a recent article on the New Left Project, based on his book Hungry Capital: The Financialization of Food, Luigi Russi discusses the significance of radical food activism. The piece focuses on efforts to develop alternatives cultures of food, and discusses their relevance beyond their ability to scale up as workable challenges to current global trends towards the financialisation of food.

Luigi Russi is a Research Associate of the City Political Economy Research Centre (CITYPERC)

June 2013

Documentary on Tax Avoidance features Prof Ronen Palan

Professor Ronen Palan's commentary features in "The UK Gold", a documentary following the vicar of a small parish in the London Borough of Hackney as he comes to grips with a new form of imperialism articulated through the provision of opportunities for tax avoidance. The documentary premiered on 25 June 2013 at the East End Film Festival.

Ronen Palan is Professor of International Political Economy at City, University of London and a member of the City Political Economy Research Centre (CITYPERC)

Debt, Bubbles, Financial Architecture and Law

The City Political Economy Research Centre (CITYPERC) is hosting a roundtable discussion on law and finance, featuring Professor Erik Gerding from the University of Colorado Law School and Professor Jan Toporowski of the School of Oriental and African Studies, University of London. The roundtable, chaired by Dr Anastasia Nesvetailova, will take place on 24 June 2013 at 1:00 pm in room D221 in the Social Sciences Building. Entrance is free.

May 2013

Professor Ronen Palan on tax havens

Professor Ronen Palan's commentary on the role of tax havens has been featured in a news report by Voice of America on the cost of the offshore economy to Africa.

Ronen Palan is Professor of International Political Economy at City, University of London and a member of the City Political Economy Research Centre (CITYPERC)

March 2013

The Great Eurozone Disaster: What Future for the EU?

The City Political Economy Research Centre (CITYPERC) is hosting a roundtable discussion on the future of the Eurozone, featuring Professor Heikke Patomaki from the University of Helsinki and Dr Leila Simona Talani of King's College London. The roundtable, chaired by Professor Ronen Palan, will take place on 12 March 2013 at 5:00 pm in room DLG08 in the Social Sciences Building. Entrance is free.

February 2013

Publication of Shadow Banking conference materials

Selected presentation slides and papers are now available to download from the conference website, as well as from the CITYPERC Working Paper Series homepage.

CITYPERC Shadow Banking conference receives press coverage

The conference entitled "Shadow Banking: A European Perspective", organised by the City Political Economy Research Centre on 1-2 February 2013, is featured in articles by Financial Times-Alphaville, CFO Insight and Coppola Comment.

Shadow Banking: A European Perspective

The City Political Economy Research Centre (CITYPERC) organised a conference on shadow banking, in cooperation with COST and Cass Business School, on 1-2 February 2013. Further details are available on the conference website.

January 2013

Dr Anastasia Nesvetailova interviewed on shadow banking

Dr Anastasia Nesvetailova has released an interview on Academic Foresight, in which she outlines the debate around the phenomenon of shadow banking, split between economic arguments, political positions and regulatory proposals.

Anastasia Nesvetailova is Reader in International Political Economy at City University and director of theCity Political Economy Research Centre (CITYPERC)

Professor Ronen Palan outlines new dependency theory

In a recent article for the New Left Project Professor Ronen Palan revisits dependency theory in the context of globalised capital flows. In this work, Professor Palan suggests that capital outflows do not necessarily operate on a regional or intra-national basis, as suggested by 'old' dependency theory. Instead, he contends that wholesale global financial markets have emerged as gigantic re-distributive machines that play a key role in the continuing and growing gap between rich and poor world-wide.

Ronen Palan is Professor of International Political Economy at City University and a member of theCity Political Economy Research Centre (CITYPERC) .

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City, University of London is an independent member institution of the University of London. Established by Royal Charter in 1836, the University of London consists of 18 independent member institutions with outstanding global reputations and several prestigious central academic bodies and activities.