The Crisis of Neoliberalism
Additional materials
M1. A North Atlantic Financial Hegemony?
• Capitalist classes: A joint U.S.-European leadership I
• Large financial institutions: A joint leadership II
• The cutting edge of financial mechanisms: U.S. leadership
• Direct investment abroad: A joint leadership III
• Currencies: The dominance of the dollar
• Partners across the Atlantic
• The rise and decline of Japan
M2. The Emerging Financial Periphery
• Capitalism in the periphery
• Financing the U.S. economy: Asia and oil-producing countries
• More demanding foreign investors
• The rise of sovereign funds
• The “third-world debt”: The IMF’s lost stick
Web site of Gérard Duménil and Dominique Lévy: http://www.jourdan.ens.fr/levy/