Karina Patricio Ferreira Lima is a Doctoral Researcher and Modern Law Review Scholar at Durham Law School, UK. Her research interests centre on the constitutive role of law over the world’s economic organisation, with a particular focus on International Economic Law (IEL).

August 15, 2020

Analysis

Another Lost Decade?

The systemic character of the global periphery debt crisis.

Contrary to common beliefs on fiscal fundamentals, the current debt crisis in the global periphery demonstrates that the solvency of sovereign states is determined by their monetary power. Crucially, liquidity has a cyclical character in the periphery of global capitalism…