De Cecco on Financial Centres, Monetary Power and Crisis

Attention to power structures pervades Money and Empire, with its focus on the hierarchy of financial centres and peripheries. Starting with Money and Empire and moving on from there, this paper explores how de Cecco addressed key questions on monetary sovereignty, power structures in international monetary relations and the changing shape of currency domains and relations. A thorough understanding of these issues requires an approach to the history of money and finance in the best tradition of International Political Economy, which combines attention to cross-country heterogeneity, conflicts of interest, financial structures and networks, and path-dependency.