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Job talk: Monetary Architecture and the Global Credit Money System

Online Event
job talk
Friday, June 18, 2021, 2:00 pm – 3:00 pm

Steffen Murau is a postdoctoral fellow at the Global Development Policy (GDP) Center at Boston University (since 2019) and a research fellow at the Monetary and Economic Department at the Bank for International Settlements (BIS) in Basel (since 2020). He completed a PhD in International Political Economy (IPE) at City, University of London (2017) and held postdoctoral positions at the Institute for Advanced Sustainability Studies, Potsdam, and the Weatherhead Center for International Affairs of Harvard University (2017-18). His research interests include monetary theory, shadow banking, the international monetary system and the European Monetary Union. Among others, he has published in the Journal of Institutional Economics, the Review of International Political Economy, New Political Economy and the Journal of Common Market Studies.

Monetary Architecture and the Global Credit Money System

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This presentation will provide an overview on my current research agenda focusing on monetary architecture and the global credit money system. The concept of monetary architecture is embedded in the emerging field of critical macro-finance, which combines IPE scholarship with an understanding of the world as web of interlocking balance sheets—an approach that has become the 'lingua franca' in the international finance community and seeks to understand the international monetary system beyond dated nation-state boundaries. 

I will first sketch out the research that I have carried out in the last years during my PhD and postdoc years. Subsequently, I will explain my research agenda for the coming years: first, the Eurozone architecture embedded in the global Offshore US-Dollar System; second, Euro internationalization (with a specific focus on Eastern Europe); third, monetary architecture and the Green Transition; and fourth, the transformation of monetary architectures through private credit money accommodation.