'Financial statecraft', or the intentional use of credit, investment and currency levers by the incumbent governments of creditor - and sometimes debtor - states for both international economic and political advantage, has a long history, ranging from money doctors to currency wars. A...

Economic turmoil in advanced industrial economies since the 2008–9 crisis has intensified perceptions of rising global multipolarity. Several indices of the relative material capabilities of countries exist, yet few address a state's potential for financial influence abroad. We analyze...

This paper seeks to explain why exchange rate crises of rather similar causes and magnitudes can be so much harder for one emerging market country to absorb and bounce back from than for its neighbour. Brazil was able to recover readily from its recent forced devaluation and associated domestic...