Conferences & Workshops


New Directions in International Money and Finance, March 2018

The international economy and systems of international money are forever changing. Financial crises emerge in developed and developed economies alike; new market actors enter the financial scene; debt instruments evolve more quickly than regulation. For decades, the hubs of international finance have been situated in the City of London and in Wall Street. But the influence of global rising powers is beginning to shift this balance. Stock exchanges are being formed in emerging markets all over the world, and cities such as Shanghai, Singapore, Tokyo, Dubai, Hong Kong, and Sao Paolo are aiming to become global financial centers. How do these additions of global actors affect market sentiment overall? How do non-Western investors perceive country risk and reputations? And do the same political and economic indicators affect investment decisions differently across different investment environments? What theoretical tools can theories of international political economy offer, to gain leverage on these new issues? Where do those theories fall short? Do these new issues reflect a challenge to old theories based on new empirical phenomena, or a new way of thinking about preexisting phenomena?

This conference brought together junior scholars in international political economy from a diverse set of universities and backgrounds. The aim of this conference was to create a community of rising scholars working on money and finance, and allow them to network with one another as well as with more established faculty. Senior scholars from Philadelphia area universities commented on and discussed papers and memos, and offered career advice to participants.



Economics and Security Reconsidered, June 2016

The linkages between economics and security have generated longstanding interest on the part of social scientists, but developments in contemporary global politics encourage a reconsideration of this critical topic. Countries regularly wield economic weapons to advance foreign policy goals, eroding the divide between economic and security relations. The global financial crisis and its political aftershocks have elevated economic vulnerability and the long- term consequences of economic shocks as national security concerns. Competition among resource-poor emerging economies has revived predictions of resource conflicts. Far-right parties in Europe have promoted a political backlash against economic insecurity-attributed to both global and regional (EU) economic integration.

Theoretical innovations in political economy could also promote a new research agenda on the economics of national security. For example, open economy politics (OEP) models have become increasingly prominent in research on the international political economy and could shed new light on the linkages between economics and security. The “new, new trade theory,” insights into global value chains, and vertical and horizontal integration of production processes may offer new purchase on the economic infrastructure for national and global security. We aim for this workshop to produce papers that will add theoretical depth and empirical breadth to research on the political economy of international security.

Four themes will frame the workshop. Recent changes in the international political economy including burgeoning foreign direct investment, fragmentation of production in global supply chains, and the proliferation of bilateral and regional economic institutions— raise questions about past findings in the literature on the political economy of national security, much of which focused on trade interdependence. Non-state actors and civil conflict—familiar features of post-9/11 security studies—have not been adequately connected to cross-border economic exchange, as cause or effect. Research on economics-security linkages would benefit from studies of Asia and of the emerging economies, especially Brazil, China, India, and Russia. Finally, data on new manifestations of economic interdependence have become more readily available. New methodologies rooted in experimental design are 2 receiving wider application in international political economy. These new data sources and methodological innovations hold considerable promise for the exploration of the causal links between economics and security.



Julia Morse Book Manuscript Workshop, May 2018
"From Blacklists to Bankers: Institutional Monitoring and Market Enforcement as Drivers of Compliance"
Discussants: Abraham Newman (Georgetown University), David Singer (MIT), and David Steinberg (SAIS, Johns Hopkins University)