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.