Geopolitics of Monetary Innovation in the Longue Durée. Financialization, Digitalization and the Crisis of the Global Hegemony

<span class="abs_content">Since the beginning of the new millennium, a great variety of experiences of monetary innovation has taken place worldwide. Actually, very assorted types of social agents, at very different levels of interaction and with very diverse purposes and results, ar...

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Autor principal: Carmelo Buscema
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Lenguaje:EN
Publicado: Coordinamento SIBA 2020
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spelling oai:doaj.org-article:73aff3c68dd8450b98da551c1bf67bae2021-11-21T15:11:41ZGeopolitics of Monetary Innovation in the Longue Durée. Financialization, Digitalization and the Crisis of the Global Hegemony1972-76232035-660910.1285/i20356609v13i1p360https://doaj.org/article/73aff3c68dd8450b98da551c1bf67bae2020-04-01T00:00:00Zhttp://siba-ese.unisalento.it/index.php/paco/article/view/21993https://doaj.org/toc/1972-7623https://doaj.org/toc/2035-6609<span class="abs_content">Since the beginning of the new millennium, a great variety of experiences of monetary innovation has taken place worldwide. Actually, very assorted types of social agents, at very different levels of interaction and with very diverse purposes and results, are creating a plethora of global, macro-regional, local or deterritorialized currencies seriously defying both the hegemonic role of the US dollar, and the traditional agents, methods and criteria related to money's creation and circulation. Given such a picture, the main aim of this essay is to characterize and valuate the principle features of the ongoing process of monetary innovation, in light of its modern and contemporary history. We adopt an interdisciplinary theoretical frame, based on the ground of the political sociology and the world system theory, and a genealogical method focused on the monetary history of the United States. The main result here presented is the centrality of the dialectic between innovation and regulation, and of their social and institutional forces. Actually, it can help the comprehension about where, when and why new forms of money appear, as well as the individuation of the main traits characterizing the current stage of global crisis and of its risky implications.</span><br />Carmelo BuscemaCoordinamento SIBAarticledigitalizationfinancializationglobal hegemonymonetary innovationworld systemPolitical science (General)JA1-92ENPartecipazione e Conflitto, Vol 13, Iss 1, Pp 360-383 (2020)
institution DOAJ
collection DOAJ
language EN
topic digitalization
financialization
global hegemony
monetary innovation
world system
Political science (General)
JA1-92
spellingShingle digitalization
financialization
global hegemony
monetary innovation
world system
Political science (General)
JA1-92
Carmelo Buscema
Geopolitics of Monetary Innovation in the Longue Durée. Financialization, Digitalization and the Crisis of the Global Hegemony
description <span class="abs_content">Since the beginning of the new millennium, a great variety of experiences of monetary innovation has taken place worldwide. Actually, very assorted types of social agents, at very different levels of interaction and with very diverse purposes and results, are creating a plethora of global, macro-regional, local or deterritorialized currencies seriously defying both the hegemonic role of the US dollar, and the traditional agents, methods and criteria related to money's creation and circulation. Given such a picture, the main aim of this essay is to characterize and valuate the principle features of the ongoing process of monetary innovation, in light of its modern and contemporary history. We adopt an interdisciplinary theoretical frame, based on the ground of the political sociology and the world system theory, and a genealogical method focused on the monetary history of the United States. The main result here presented is the centrality of the dialectic between innovation and regulation, and of their social and institutional forces. Actually, it can help the comprehension about where, when and why new forms of money appear, as well as the individuation of the main traits characterizing the current stage of global crisis and of its risky implications.</span><br />
format article
author Carmelo Buscema
author_facet Carmelo Buscema
author_sort Carmelo Buscema
title Geopolitics of Monetary Innovation in the Longue Durée. Financialization, Digitalization and the Crisis of the Global Hegemony
title_short Geopolitics of Monetary Innovation in the Longue Durée. Financialization, Digitalization and the Crisis of the Global Hegemony
title_full Geopolitics of Monetary Innovation in the Longue Durée. Financialization, Digitalization and the Crisis of the Global Hegemony
title_fullStr Geopolitics of Monetary Innovation in the Longue Durée. Financialization, Digitalization and the Crisis of the Global Hegemony
title_full_unstemmed Geopolitics of Monetary Innovation in the Longue Durée. Financialization, Digitalization and the Crisis of the Global Hegemony
title_sort geopolitics of monetary innovation in the longue durée. financialization, digitalization and the crisis of the global hegemony
publisher Coordinamento SIBA
publishDate 2020
url https://doaj.org/article/73aff3c68dd8450b98da551c1bf67bae
work_keys_str_mv AT carmelobuscema geopoliticsofmonetaryinnovationinthelonguedureefinancializationdigitalizationandthecrisisoftheglobalhegemony
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