Turkey

Created
Wed, 21/05/2025 - 05:02
Happy Quiche Lorraine Day! A couple of weeks ago I hosted a FRENCH SPRINGTIME BRUNCH First, here’s the Quiche Lorraine! The recipe is from the 1965 Chamberlain Calendar of French Menus which has appeared multiple times on the blog. The stuffed egg recipe was also in the Chamberlain Calendar. I will note that this versionContinue reading Quiche Lorraine Day and My French Springtime Brunch
Created
Tue, 17/10/2023 - 06:00

Over the past decade, two, intertwined research agendas on international financial subordination (IFS) and subordinate financialization (SF) have proposed to identify how an increasingly finance-dominated global capitalism incorporates the (Semi-)Peripheries.

The IFS research agenda recognizes that a “subordinate” national currency comes with a risk premium increasing the costs of financing public debt – in other words, the current, US dollar-based currency hierarchy acts as a structural fiscal constraint in the Global South, limiting the scope for badly needed public investments. Foreign capital – in the form of foreign currency-denominated sovereign and private debt-, foreign aid, and foreign direct investment – is then touted as a solution to this artificial and unfair developmental constraint.