Annina Kaltenbrunner

Professor Annina Kaltenbrunner

Small Group Project 2019-20

The concrete and everyday Reality of Financial Subordination in Developing and Emerging Economies

This project brings together a group of early career researchers from different disciplines and theoretical backgrounds to investigate the everyday practices and relations through which developing and emerging economies’ (DEEs) subordinate financial integration manifests and perpetuates itself and conditions the structure of capital accumulation. Heterodox economists have long pointed to the structural subordination of DEEs in the global economy. In financial markets this subordination is reflected in persistent external vulnerability and financial instability and severe macroeconomic policy constraints. So far, this literature has largely focused on DEEs’ monetary subordination and investigated broad structural processes and moments of crises and extreme volatility.

More information

Research outcomes

Alami, I., Alves, C., Bonizzi, B., Kaltenbrunner, A., Koddenbrock, K., Kvangraven, I. H., & Powell, J. (2022).

International financial subordination: a critical research agenda. Review of International Political Economy, 30(4), 1360–1386.

Areas of interest

Economics Emerging Markets Monetary Policy International Finance International Monetary System Financialisation Heterodox Economics

Cohort

FG5

Biography

Annina Kaltenbrunner is Professor of Global Economics at Leeds University Business School. She holds a PhD and MSc in Development Economics from the School of Oriental and African Studies, a Postgraduate Certificate in Econometrics from Birkbeck College, and an undergraduate degree in Economics from the Vienna University of Economics and Business Administration.

A pluralist macro-development economist, her research focuses on financial and monetary dynamics in developing and emerging economies, with an aim to break down disciplinary boundaries and broaden the methodological scope of economics. She has published in journals including Environment and Planning A, the Cambridge Journal of Economics, the Review of International Political Economy, New Political Economy, Development and Change, and the Journal of Post Keynesian Economics. She is actively engaged with policymaking in developing and emerging economies and has conducted projects for the United Nations Conference on Trade and Development (UNCTAD), the European Foundation for Progressive Studies, the Foreign and Commonwealth Office, the Brazilian Central Bank, and the European Investment Bank.

Biographical details correct as of 30.04.26