My research revolves around the political economy of the contemporary credit money system. How it works, how it transforms, and how it can be governed. I approach it from the perspective of institutionalist International Political Economy and use the conceptual lens of the Money View, a contemporary credit theory of money.
Credit money cannot be neatly defined, it is a spectrum of debt instruments that changes over time. I am particularly interested in instruments at the edge of the spectrum, “shadow money”. It is here where things get blurry and problems of defining money are part of the phenomenon itself.
In my past and present work, I address three major themes: private credit money accommodation (how the balance between public and private money changes through financial crises), the international monetary system (how monetary affairs are organized beyond the classical nation state) and the European Monetary Union (how monetary questions are addressed in the process of European integration).