Description
Extroverted Financialisation explores the critical role of US dollar debt in shaping international banking and global economic systems. Mareike Beck provides a comprehensive historical analysis of how American financial institutions leveraged the dollar’s unique position to create expansive debt mechanisms that transformed worldwide economic relations.
The book traces the evolution of dollar-denominated lending practices and their integration into the fabric of global finance. Beck demonstrates how financialisation through dollar debt became a central strategy for American banking interests, with profound consequences for developing economies and international monetary systems.
By situating financial developments within broader macroeconomic history, this work offers crucial insights into the structural foundations of contemporary capitalism. It challenges conventional narratives about financial globalization and reveals the power asymmetries embedded in currency-based financial systems, making it essential reading for scholars of finance, economic history, and international relations.
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