Currency Hierarchy and Financial Globalization: Implications for Peripheral Economies (Edward Elgar, 2026)

This insightful book investigates how financial globalisation shapes the hierarchical order of currencies in the international monetary system, evaluating the implications for peripheral countries. Authors Luiz Fernando de Paula, Barbara Fritz and Daniela Magalhães Prates explore currency hierarchy through a new Keynesian-Structuralist perspective, highlighting how peripheral economies are subject to greater macroeconomic and financial volatility. They outline how the current hierarchy fosters global and national inequalities, limiting peripheral countries’ capacity to implement social and redistributive policies, and preventing them from achieving income parity. The book traces the historical evolution of the global monetary order, examines a new channel of external vulnerability, and illustrates the asymmetries between the two groups of peripheral countries,namely emerging market economies and frontier market economies. Adopting a forward-thinking approach, this book assesses potential policy shifts and their effectiveness in fostering growth, sustainability and equity. Currency Hierarchy and Financial Globalisation is a valuable resource for scholars and students in the fields of financial and international economics. The financial analysis and empirical research presented in this book will also be of great benefit to policy makers and practitioners.

Regulação Financeira: Novos Caminhos (Ed. UFRJ, 2026)

O livro reúne contribuições de pesquisadores do Observatório do Sistema Financeiro da UFRJ que abordam de forma inovadora a questão da regulação financeira. Inspirados por economistas como John M. Keynes e Hyman Minsky, os autores e autoras discutem aspectos teóricos e práticos da regulação financeira contemporânea a partir de uma lente crítica e alternativa ao mainstream da economia. Se a estabilidade é desestabilizadora, como desenhar uma regulação eficaz? A obra oferece a pesquisadores e interessados na área novos caminhos a percorrer na busca de respostas a essa e outras questões.