December 8, 2022Analysis
COP27 and financing the green transition
The conclusion of COP27 reflected persisting uncertainties around coordinated global action towards decarbonization. Major agreements—including the establishment of a loss and damage fund—were reached, but the burden of mounting debt among global South countries continued to limit climate ambition. The…
July 7, 2022Interviews
Global South debt crises and the evolution of the international monetary system
August 15, 2020Analysis
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…