Table of Contents

Introduction PART 1: DERIVATIVES AS CAPITAL A New Perspective on the Role of Finance Derivatives and Derivative Markets From the Joint Stock Company to Financial Derivatives PART 2: DERIVATIVES AND INTERNATIONAL FINANCE Anchoring the Global Financial System New, Global, Capitalist Money Global Competition PART 3: DEBATING DERIVATIVES Speculation, Derivatives and Capital Controls Derivatives and the Development of Capitalist Relations References Index

Promotional Information

DICK BRYAN is Associate Professor in Political Economy at The University of Sydney, Australia. His research interests lie in value theory, economic nationalism and financial markets. Amongst his publications is The Chase Across the Globe: International Capital and the Contradictions for Nation States. MICHAEL RAFFERTY teaches Economics and Finance at the The Faculty of Commerce, University of Wollongong, Australia. He is also Research Associate at the Baltic Financial Markets Group at the University of South Stockholm, Sweden. His research interests include international finance

About the Author

DICK BRYAN is Associate Professor in Political Economy at the University of Sydney, Australia. His research interests lie in value theory, economic nationalism and financial markets. Amongst his publications is The Chase Across the Globe: International Capital and the Contradictions for Nation States.

MICHAEL RAFFERTY teaches Economics and Finance at the Faculty of Commerce, University of Wollongong, Australia. He is also Research Associate at the Baltic Financial Markets Group at the University of South Stockholm, Sweden. His research interests include international finance and investment, as well as emerging capital markets. Amongst his publications is the Global Economy in Australia: Global Integration and National Economic Policy, with Dick Bryan.