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Lena Rethel

Biographic Data

ID192496
NAMELena Rethel
GIVEN NAMESLena
FAMILY NAMERethel
SIGNATURERETHEL L
AFFILIATIONSUniversity of Warwick
ORCID0000-0002-7396-2054
VERIFIEDYes
TOTAL WORKS37
TOTAL CITATIONS173
AUTHOR COUNT36
EDITOR COUNT1
FIRST PUBLICATION YEAR2009
LATEST PUBLICATION YEAR2026
H-INDEX8
  • Economic nationalism as a quest for liberation: The anti-colonial roots of Indonesian IPE and their persistence

    Moch Faisal Karim, Lena Rethel et al.•ARTICLE•Review of International Political…•2026

    This article revisits economic nationalism through the lens of postcolonial political thought, examining its role not simply as a developmental strategy but as a liberatory project grounded in anti-colonial struggle. Focusing on the Indonesian case, it foregrounds the contributions of three foundational thinkers, Sukarno, Tan Malaka, and Hatta, whose political-economic visions articulated distinct yet interconnected understandings of economic nat…

  • Subordinated agency and the grafting of sustainable finance regulations in south-east Asia

    Open Access•Apolline Simons, Lena Rethel•ARTICLE•International Affairs•2025

    South-east Asia is often overlooked in debates about the rise of Asia in international financial affairs. Not only does the region occupy a subordinated space in global finance, it is also overshadowed in policy debates by the rise of China. Nevertheless, in recognizing regional diversity and emphasizing the duality of economic and ecological transition, south-east Asian countries have sought to claim developmental space in global finance to inco…

  • How does the rise of Asia reshape international financial affairs

    Open Access•Fabian Pape, Johannes Petry et al.•ARTICLE•International Affairs•2025

    The rules, norms and procedures that govern contemporary cross-border money and finance were put in place by western powers after the end of the Bretton Woods era. The recent rise of novel, often state-linked, Asian financial actors and practices poses questions for the continued centrality of liberal and free-market ideas in global finance. This special section asks: how do Asian financial actors integrate into the global financial system? Do th…

  • Teaching the International Political Economy (IPE) of everyday life through global groupwork

    Open Access•Batrisyia Najwa Azalan, James Brassett et al.•ARTICLE•Review of International Political…•2025•References: 6

  • Curating reflexivity: Industry Events and the Performative Politics of Alternative Finance

    Open Access•Marco Andreu, Ruben Kremers et al.•ARTICLE•New Political Economy•2024•Cited by: 3•References: 8

    This article examines the role of industry events in curating reflexivity within the financial sector. Through an examination of industry events related to impact bonds and Islamic finance, it identifies three important mechanisms through which reflexivity is curated. First, industry events act as foundational frames, creating historical narratives and origin stories that conjure up a shared sense of social purpose and direction amongst professio…

  • Curated Power: The Performative Politics of (Industry) Events

    Open Access•Ruben Kremers, Lena Rethel•ARTICLE•International Political Sociology•2024•Cited by: 3•References: 48

    Since the turn of the millennium, there has been an increased interest in the social performance of power in international political sociology. At the same time, recent years have seen the growing popularity of event ethnographic research approaches. In this article, we develop the concept of 'curated power' as a tool to explore the performative enactment of power at and through conferences and events. A focus on curated power, we argue, can orie…

  • Institutional layering in climate policy: Insights from Redd+ governance in Indonesia

    Open Access•Silvio Hermawan, Moch Faisal Karim et al.•ARTICLE•Forest Policy and Economics•2023•Cited by: 1•References: 9

  • Ripe 30th anniversary special feature: Looking back and looking forward in IPE

    J Bair, Juanita Elias et al.•ARTICLE•Review of International Political…•2023•Cited by: 1•References: 2

    The field of International Political Economy (IPE) has changed considerably since the inception of the Review of International Political Economy (RIPE).This 30th anniversary editorial reflects on how these changes have impacted the journal's publications over the past ten years.Some trends are promising.RIPE has become more gender inclusive, as the share of women authors in submissions and publications has risen.RIPE has also resisted the 'quanti…

  • Ripe 2022 diversity statement

    J Bair, Juanita Elias et al.•ARTICLE•Review of International Political…•2023•Cited by: 1•References: 1

  • Financial Globalization, Local Debt Markets and New State Financial Activism in Middle-income Countries

    Open Access•Louis O''Sullivan, Louis O'Sullivan et al.•ARTICLE•Development and Change•2023•Cited by: 5•References: 30

    Since the global financial crisis of 2008-09, there has been a renewed interest in the role of the state in processes of financial development and globalization. This article explores new forms of state economic activity via the development of debt capital markets in Southeast Asia, specifically Indonesia and Malaysia. It suggests that the expanding profile of various state-controlled entities in local capital markets constitutes a new form of st…

  • I-Peel: The International Political Economy of Everyday Life

    James Brassett, Juanita Elias et al.•BOOK•I-PEEL•2022

    I-PEEL: The International Political Economy of Everyday Life locates the study of international political economy (IPE) in the context of everyday life. It provides a fresh introduction to IPE, and highlights the relevance and prominence of IPE in the real world. In addition, the text establishes the conceptual and theoretical techniques required to engage with the IPE discipline and how those can help us understand the complexity of everyday pow…

  • Ripe 2021 diversity statement

    J Bair, Daniela Gabor et al.•ARTICLE•Review of International Political…•2022•References: 1

    As part of our commitment to diversity in academic publishing, since 2021 the Review of International Political Economy (RIPE) publishes annual diversity statements providing information about RIPE’s editorial team and contributors (see Bair et al. 2021a, 2021b). \n \nWe recognise that the information thus presented provides only a very limited characterisation of diversity in our field, given significant restrictions on the data we can collect. …

  • Domestic Bank Reform and the Contingent Nature of the Structural Power of Finance in Emerging Markets

    Open Access•Florence Dafe, Lena Rethel•ARTICLE•Latin American Politics and Society•2022•Cited by: 6•References: 6

    This article examines the structural power of domestic finance in developing and emerging economies (DEEs) in the context of a shift toward increasingly activist financial development planning and financial sector reform. Focusing on efforts to create large, internationally competitive banks in Malaysia and Nigeria dating to the late 1990s and early 2000s, it highlights that banks have not played their envisaged role in financing structural trans…

  • Ripe 2020 diversity statement

    J Bair, Daniela Gabor et al.•ARTICLE•Review of International Political…•2021•Cited by: 1•References: 1

    As part of our commitment to diversity in academic publishing, the editors of the Review of International Political Economy (RIPE) decided in 2020 to publish annually a diversity statement, providing information about RIPE’s editorial team and contributors. Bair et al. (2021) provide further information on our commitment to strengthening equality, diversity and inclusion in international political economy and in the pages of RIPE. \n \n

  • Strengthening Ripe’s commitment to equality, diversity, and inclusion in our field

    J Bair, Daniela Gabor et al.•ARTICLE•Review of International Political…•2021•Cited by: 3•References: 9

    As editors of the Review of International Political Economy (RIPE), we are committed to expanding intellectual horizons and reflecting diverse perspectives to stimulate eye-opening discussions of global political and economic affairs. In delivering the journal’s mission of encouraging a global, interdisciplinary, and pluralist approach to publishing peer-reviewed excellent and innovative international political economy research, we strive to offe…

  • Introduction: The production and contestation of exemplary centres in Southeast Asia

    Open Access•L Tilley, Juanita Elias et al.•ARTICLE•Asia Pacific Viewpoint•2019•References: 2

    The production and contestation of exemplary centres in Southeast Asia

  • Urban evictions, public housing and the gendered rationalisation of kampung life in Jakarta

    Open Access•L Tilley, Juanita Elias et al.•ARTICLE•Asia Pacific Viewpoint•2019•Cited by: 7•References: 14

    The dispossession of urban communities across class and racial lines is a global phenomenon linked to the expansion of international investment in the development of ‘exemplary’ city space. However, city evictions are also historically informed and gendered processes which are continuous with past colonial and postcolonial urban rationalisation projects. Drawing on testimonies of women evictees in Jakarta, as well as interviews with public housin…

  • Introduction: Finance, Development and the State in East Asia

    Lena Rethel, Elizabeth Thurbon•ARTICLE•New Political Economy•2019•Cited by: 5•References: 13

    There is much change afoot in the financial systems of East Asia. Historically, states in the region have actively sought to shape financial markets for developmental – and indeed other political – ends. Yet, their capacity to do so has been significantly transformed by the fragmentation and transformation of financial systems in East Asia as well as the onslaught of globalising forces more generally. The increasing complexity of the financial la…

  • Governed Interdependence, Communities of Practice and the Production of Capital Market Knowledge in Southeast Asia

    Lena Rethel•ARTICLE•New Political Economy•2019•Cited by: 7•References: 14

    This article revisits the notion of governed interdependence to examine the knowledge practices that have underpinned the expansion of debt capital markets in Southeast Asia, with a focus on Indonesia and Malaysia. It identifies two types of communities of practice – one of planners/policymakers, one of market practitioners – as central to the production of capital market knowledge and traces the emphasis placed on them by state actors through co…

  • International political economy and international political sociology meet in Jakarta: Feminist research agendas seen through everyday life

    Open Access•Juanita Elias, Lena Rethel et al.•ARTICLE•International Relations•2019

    Feminist International Political Economy (IPE), with its focus on the gendered dimensions of social reproduction and market life, provides ground for fruitful engagements between IPE and IPS. Indeed, from this perspective, the boundaries between IPE and IPS are much more porous than assumed in some other contributions to this forum. Pushing against the boundaries of narrowly demarcated disciplinary divides is something that feminist political eco…

  • Corporate Islam, Global Capitalism and the Performance of Economic Moralities

    Lena Rethel•ARTICLE•New Political Economy•2018•Cited by: 3•References: 16

    Recent years have witnessed the rapid expansion of the Islamic economy, which by some estimates has reached a size of US$4 trillion. The growth of the Islamic economy presents an intriguing test case for the compatibility of global capitalism and moral – in this case specifically Islamic – principles. This article adopts a performative lens to draw attention to the role of the World Islamic Economic Forum and the Global Islamic Economy Summit as …

  • Economic Governance Beyond State and Market: Islamic Capital Markets in Southeast Asia

    Lena Rethel•ARTICLE•Journal of Contemporary Asia•2018•Cited by: 9•References: 31

    Islamic finance has become an integral part of the financial systems of the Muslim-majority countries of Southeast Asia. At the same time, Southeast Asia has witnessed the emergence of new capital market governance practices and arrangements that are both multi-scalar and multi-sited. This article suggests that rather than only looking at the scale and rescaling of capital market governance in the region, more attention needs to be paid to the sh…

  • Capital market development in Southeast Asia: From speculative crisis to spectacles of financialization

    Open Access•Lena Rethel•ARTICLE•Economic Anthropology•2018•Cited by: 13•References: 29

    The aftermath of the Asian financial crisis of 1997-98 witnessed a significant transformation of the financial systems of the Southeast Asia region. It saw the ascendance of capital markets in financial systems that had traditionally relied on bank loans and other sorts of so-called relationship finance. This emergence of capital markets was by design rather than the spontaneous and natural result of their evolving market orders as policymakers s…

  • Undoing ruination in Jakarta: The gendered remaking of life on a wasted landscape

    L Tilley, Juanita Elias et al.•ARTICLE•International Feminist Journal of…•2017•Cited by: 3

    This intervention shares images and stories from the women evictees in Jakarta who collectively give voice to the psychic, physical, and material injuries inflicted by state dispossession in the city. Engaging Ann Laura Stoler's (2013) language to expose the politics of ruination and preservation, we illustrate the gendered nature of the remaking of life on the most wasted of urban landscapes. The focus of this piece is Kampung Akuarium, a neighb…

  • Conceptualizing dynamic challenges to global financial diffusion: Islamic finance and the grafting of sukuk

    Jikon Lai, Lena Rethel et al.•ARTICLE•Review of International Political…•2017•Cited by: 9•References: 14

    Following the Global Financial Crisis of 2008–2009, there has been renewed interest in the diffusion and pluralization of financial ideas and practices, and in understanding how new ideas and practices can emerge to challenge the prevalence and diffusion of dominant ones. However, existing concepts and language in the broader literature on diffusion limit our ability to analyze and assess the contestation of ideas, especially as it is sustained a…

Next
  • Whose legitimacy? Islamic finance and the global financial order

    Lena Rethel•ARTICLE•Review of International Political…•2010•Cited by: 33•References: 3

    Islamic finance is a fast growing segment of international financial markets. Deriving its core principles from the Quran and the Sharia, the objective of Islamic finance is to install a more equitable financial and economic order that at the same time is transaction-friendly. Thus, Islam could be seen as a foundation for the inclusion of the ethical and moral dimensions of economics and markets. This coincides with rising demand for Islamic fina…

  • Financialisation and the Malaysian Political Economy

    Lena Rethel•ARTICLE•Globalizations•2010•Cited by: 15•References: 15

    This paper argues that taking a short-term look at Malaysia's response to the financial crisis of 1997–1998 does not adequately assess the socio-economic transformation that was propagated by the crisis. Most importantly, it falls short of accounting for the shift from a bank-based to a capital market-based financial system that occurred in post-crisis Malaysia and the ensuing increasing financialisation of Malaysian capitalism. This shift has si…

  • Capital market development in Southeast Asia: From speculative crisis to spectacles of financialization

    Open Access•Lena Rethel•ARTICLE•Economic Anthropology•2018•Cited by: 13•References: 29

    The aftermath of the Asian financial crisis of 1997-98 witnessed a significant transformation of the financial systems of the Southeast Asia region. It saw the ascendance of capital markets in financial systems that had traditionally relied on bank loans and other sorts of so-called relationship finance. This emergence of capital markets was by design rather than the spontaneous and natural result of their evolving market orders as policymakers s…

  • Global Governance and the Politics of Crisis

    André Broome, Liam Clegg et al.•ARTICLE•Global Society•2012•Cited by: 11

    The notion of global governance has always been intimately linked to that of crisis. In recent crisis episodes the architecture of global governance has been held responsible for weak or ineffective regulatory mechanisms that failed to either prevent systemic crises or to at least give an “early warning” of impending disasters, while in other episodes global governance institutions have been blamed for poor crisis responses and management. Global…

  • Economic Governance Beyond State and Market: Islamic Capital Markets in Southeast Asia

    Lena Rethel•ARTICLE•Journal of Contemporary Asia•2018•Cited by: 9•References: 31

    Islamic finance has become an integral part of the financial systems of the Muslim-majority countries of Southeast Asia. At the same time, Southeast Asia has witnessed the emergence of new capital market governance practices and arrangements that are both multi-scalar and multi-sited. This article suggests that rather than only looking at the scale and rescaling of capital market governance in the region, more attention needs to be paid to the sh…

  • Conceptualizing dynamic challenges to global financial diffusion: Islamic finance and the grafting of sukuk

    Jikon Lai, Lena Rethel et al.•ARTICLE•Review of International Political…•2017•Cited by: 9•References: 14

    Following the Global Financial Crisis of 2008–2009, there has been renewed interest in the diffusion and pluralization of financial ideas and practices, and in understanding how new ideas and practices can emerge to challenge the prevalence and diffusion of dominant ones. However, existing concepts and language in the broader literature on diffusion limit our ability to analyze and assess the contestation of ideas, especially as it is sustained a…

  • Innovation and the Entrepreneurial State in Asia: Mechanisms of Bond Market Development

    Lena Rethel, Timothy J Sinclair•ARTICLE•Asian Studies Review•2014•Cited by: 9•References: 18

    Bond markets have expanded rapidly in emerging East Asian economies in recent years. Asian policymakers have played a pivotal role in this development. This process presents an interesting challenge to the developmental state literature associated with bank-based financial systems. We argue that it is best to understand the role of the state as an entrepreneurial state in the construction of these markets, focusing on institutional innovation in …

  • The Political Economy of the Subprime Crisis: The Economics, Politics and Ethics of Response

    James Brassett, Lena Rethel et al.•ARTICLE•New Political Economy•2010•Cited by: 9•References: 1

    Media and policy discourses on the subprime crisis and the ensuing credit crunch have been dominated by historical analogies, whereby a sense of how bad things have been since the autumn of 2007 arises from comparing the situation directly to other notable moments of financial meltdown. Typical of this approach is the measured insistence of the Chair of the US Federal Reserve, Ben Bernanke, that the spiral of illiquidity which engulfed the bankin…

  • Urban evictions, public housing and the gendered rationalisation of kampung life in Jakarta

    Open Access•L Tilley, Juanita Elias et al.•ARTICLE•Asia Pacific Viewpoint•2019•Cited by: 7•References: 14

    The dispossession of urban communities across class and racial lines is a global phenomenon linked to the expansion of international investment in the development of ‘exemplary’ city space. However, city evictions are also historically informed and gendered processes which are continuous with past colonial and postcolonial urban rationalisation projects. Drawing on testimonies of women evictees in Jakarta, as well as interviews with public housin…

  • Governed Interdependence, Communities of Practice and the Production of Capital Market Knowledge in Southeast Asia

    Lena Rethel•ARTICLE•New Political Economy•2019•Cited by: 7•References: 14

    This article revisits the notion of governed interdependence to examine the knowledge practices that have underpinned the expansion of debt capital markets in Southeast Asia, with a focus on Indonesia and Malaysia. It identifies two types of communities of practice – one of planners/policymakers, one of market practitioners – as central to the production of capital market knowledge and traces the emphasis placed on them by state actors through co…

  • Domestic Bank Reform and the Contingent Nature of the Structural Power of Finance in Emerging Markets

    Open Access•Florence Dafe, Lena Rethel•ARTICLE•Latin American Politics and Society•2022•Cited by: 6•References: 6

    This article examines the structural power of domestic finance in developing and emerging economies (DEEs) in the context of a shift toward increasingly activist financial development planning and financial sector reform. Focusing on efforts to create large, internationally competitive banks in Malaysia and Nigeria dating to the late 1990s and early 2000s, it highlights that banks have not played their envisaged role in financing structural trans…

  • Financial Globalization, Local Debt Markets and New State Financial Activism in Middle-income Countries

    Open Access•Louis O''Sullivan, Louis O'Sullivan et al.•ARTICLE•Development and Change•2023•Cited by: 5•References: 30

    Since the global financial crisis of 2008-09, there has been a renewed interest in the role of the state in processes of financial development and globalization. This article explores new forms of state economic activity via the development of debt capital markets in Southeast Asia, specifically Indonesia and Malaysia. It suggests that the expanding profile of various state-controlled entities in local capital markets constitutes a new form of st…

  • Introduction: Finance, Development and the State in East Asia

    Lena Rethel, Elizabeth Thurbon•ARTICLE•New Political Economy•2019•Cited by: 5•References: 13

    There is much change afoot in the financial systems of East Asia. Historically, states in the region have actively sought to shape financial markets for developmental – and indeed other political – ends. Yet, their capacity to do so has been significantly transformed by the fragmentation and transformation of financial systems in East Asia as well as the onslaught of globalising forces more generally. The increasing complexity of the financial la…

  • Sexy money: The hetero-normative politics of global finance

    Open Access•James Brassett, Lena Rethel•ARTICLE•Review of International Studies•2015•Cited by: 5•References: 35

    The article develops a critical analysis of gendered narratives of global finance. The post-subprime crisis equation of unfettered global finance with the excessive masculinity of individual bankers is read in line with a wider gender narrative. We discuss how hetero-normative relations between men and women underpin financial representations through three historical examples: war bond advertising, Hollywood films about bankers, and contemporary …

  • The New Financial Development Paradigm and Asian Bond Markets

    Lena Rethel•ARTICLE•New Political Economy•2010•Cited by: 5•References: 27

    For the better part of the last century, the debate between ‘liberalisers’ and ‘interventionists’ marked thinking about the relationship between finance and development. It has by now been superseded by the emergence of the discourse of financial system development, which links economic growth to the development of the financial sector. As the risks entailed by wholesale financial reform came to the fore in the financial crises of the 1990s and e…

  • Legitimizing Claims for ‘Crisis’ Leadership in Global Governance: The discourse of nuclear non-proliferation

    Stephanie Schnurr, Alexandra Homolar et al.•ARTICLE•Critical Discourse Studies•2014•Cited by: 4•References: 22

    This paper explores the discursive processes of legitimizing leadership claims in the context of the nuclear proliferation crisis. Three complementary analyses of texts are carried out: discourse analyses of United Nations Security Council (UNSC) resolutions and relevant speeches by members of the US administration, as well as a corpus analysis of news media accounts of nuclear proliferation published in prominent US and UK broadsheets. Findings …

  • Curating reflexivity: Industry Events and the Performative Politics of Alternative Finance

    Open Access•Marco Andreu, Ruben Kremers et al.•ARTICLE•New Political Economy•2024•Cited by: 3•References: 8

    This article examines the role of industry events in curating reflexivity within the financial sector. Through an examination of industry events related to impact bonds and Islamic finance, it identifies three important mechanisms through which reflexivity is curated. First, industry events act as foundational frames, creating historical narratives and origin stories that conjure up a shared sense of social purpose and direction amongst professio…

  • Curated Power: The Performative Politics of (Industry) Events

    Open Access•Ruben Kremers, Lena Rethel•ARTICLE•International Political Sociology•2024•Cited by: 3•References: 48

    Since the turn of the millennium, there has been an increased interest in the social performance of power in international political sociology. At the same time, recent years have seen the growing popularity of event ethnographic research approaches. In this article, we develop the concept of 'curated power' as a tool to explore the performative enactment of power at and through conferences and events. A focus on curated power, we argue, can orie…

  • Strengthening Ripe’s commitment to equality, diversity, and inclusion in our field

    J Bair, Daniela Gabor et al.•ARTICLE•Review of International Political…•2021•Cited by: 3•References: 9

    As editors of the Review of International Political Economy (RIPE), we are committed to expanding intellectual horizons and reflecting diverse perspectives to stimulate eye-opening discussions of global political and economic affairs. In delivering the journal’s mission of encouraging a global, interdisciplinary, and pluralist approach to publishing peer-reviewed excellent and innovative international political economy research, we strive to offe…

  • Corporate Islam, Global Capitalism and the Performance of Economic Moralities

    Lena Rethel•ARTICLE•New Political Economy•2018•Cited by: 3•References: 16

    Recent years have witnessed the rapid expansion of the Islamic economy, which by some estimates has reached a size of US$4 trillion. The growth of the Islamic economy presents an intriguing test case for the compatibility of global capitalism and moral – in this case specifically Islamic – principles. This article adopts a performative lens to draw attention to the role of the World Islamic Economic Forum and the Global Islamic Economy Summit as …

  • Undoing ruination in Jakarta: The gendered remaking of life on a wasted landscape

    L Tilley, Juanita Elias et al.•ARTICLE•International Feminist Journal of…•2017•Cited by: 3

    This intervention shares images and stories from the women evictees in Jakarta who collectively give voice to the psychic, physical, and material injuries inflicted by state dispossession in the city. Engaging Ann Laura Stoler's (2013) language to expose the politics of ruination and preservation, we illustrate the gendered nature of the remaking of life on the most wasted of urban landscapes. The focus of this piece is Kampung Akuarium, a neighb…

  • Introduction to the Political Economy of the Sub-prime Crisis in Britain: Constructing and Contesting Competence

    Open Access•James Brassett, Lena Rethel et al.•ARTICLE•The British Journal of Politics…•2009•Cited by: 2

    It is almost always inadvisable to try to second-guess the character of a General Election campaign before it begins in earnest. Yet, even in today’s shadow-boxing phase in advance of the British General Election due to be called in 2010, a number of important campaign contours are already in evidence. It is one of the unwritten laws of British electoral politics that governments unravel – particularly those of a certain longevity – as events app…

  • Institutional layering in climate policy: Insights from Redd+ governance in Indonesia

    Open Access•Silvio Hermawan, Moch Faisal Karim et al.•ARTICLE•Forest Policy and Economics•2023•Cited by: 1•References: 9

  • Ripe 30th anniversary special feature: Looking back and looking forward in IPE

    J Bair, Juanita Elias et al.•ARTICLE•Review of International Political…•2023•Cited by: 1•References: 2

    The field of International Political Economy (IPE) has changed considerably since the inception of the Review of International Political Economy (RIPE).This 30th anniversary editorial reflects on how these changes have impacted the journal's publications over the past ten years.Some trends are promising.RIPE has become more gender inclusive, as the share of women authors in submissions and publications has risen.RIPE has also resisted the 'quanti…

  • Ripe 2022 diversity statement

    J Bair, Juanita Elias et al.•ARTICLE•Review of International Political…•2023•Cited by: 1•References: 1

  • Introduction to the Political Economy of the Sub-prime Crisis in Britain: Constructing and Contesting Competence

    Open Access•James Brassett, Lena Rethel et al.•ARTICLE•The British Journal of Politics…•2009•Cited by: 2

    It is almost always inadvisable to try to second-guess the character of a General Election campaign before it begins in earnest. Yet, even in today’s shadow-boxing phase in advance of the British General Election due to be called in 2010, a number of important campaign contours are already in evidence. It is one of the unwritten laws of British electoral politics that governments unravel – particularly those of a certain longevity – as events app…

  • Financialisation and the Malaysian Political Economy

    Lena Rethel•ARTICLE•Globalizations•2010•Cited by: 15•References: 15

    This paper argues that taking a short-term look at Malaysia's response to the financial crisis of 1997–1998 does not adequately assess the socio-economic transformation that was propagated by the crisis. Most importantly, it falls short of accounting for the shift from a bank-based to a capital market-based financial system that occurred in post-crisis Malaysia and the ensuing increasing financialisation of Malaysian capitalism. This shift has si…

  • The Political Economy of the Subprime Crisis: The Economics, Politics and Ethics of Response

    James Brassett, Lena Rethel et al.•ARTICLE•New Political Economy•2010•Cited by: 9•References: 1

    Media and policy discourses on the subprime crisis and the ensuing credit crunch have been dominated by historical analogies, whereby a sense of how bad things have been since the autumn of 2007 arises from comparing the situation directly to other notable moments of financial meltdown. Typical of this approach is the measured insistence of the Chair of the US Federal Reserve, Ben Bernanke, that the spiral of illiquidity which engulfed the bankin…

  • The New Financial Development Paradigm and Asian Bond Markets

    Lena Rethel•ARTICLE•New Political Economy•2010•Cited by: 5•References: 27

    For the better part of the last century, the debate between ‘liberalisers’ and ‘interventionists’ marked thinking about the relationship between finance and development. It has by now been superseded by the emergence of the discourse of financial system development, which links economic growth to the development of the financial sector. As the risks entailed by wholesale financial reform came to the fore in the financial crises of the 1990s and e…

  • Whose legitimacy? Islamic finance and the global financial order

    Lena Rethel•ARTICLE•Review of International Political…•2010•Cited by: 33•References: 3

    Islamic finance is a fast growing segment of international financial markets. Deriving its core principles from the Quran and the Sharia, the objective of Islamic finance is to install a more equitable financial and economic order that at the same time is transaction-friendly. Thus, Islam could be seen as a foundation for the inclusion of the ethical and moral dimensions of economics and markets. This coincides with rising demand for Islamic fina…

  • Pious Property: Islamic Mortgages in the United States by Bill Maurer

    Open Access•Lena Rethel•ARTICLE•American Ethnologist•2010•References: 1

  • Each Time is Different! The Shifting Boundaries of Emerging Market Debt

    Lena Rethel•ARTICLE•Global Society•2012

    Recent decades have witnessed not only a series of financial crises in both developed and developing countries, but also significant changes in the composition of overall debt. The global financial crisis of 2007–2009 highlighted the predicaments caused by rapidly rising levels of household debt, most famously in the form of so-called subprime loans, extended to riskier borrowers whose credit history and capacity to repay these loans was thought …

  • Global Governance and the Politics of Crisis

    André Broome, Liam Clegg et al.•ARTICLE•Global Society•2012•Cited by: 11

    The notion of global governance has always been intimately linked to that of crisis. In recent crisis episodes the architecture of global governance has been held responsible for weak or ineffective regulatory mechanisms that failed to either prevent systemic crises or to at least give an “early warning” of impending disasters, while in other episodes global governance institutions have been blamed for poor crisis responses and management. Global…

  • Legitimizing Claims for ‘Crisis’ Leadership in Global Governance: The discourse of nuclear non-proliferation

    Stephanie Schnurr, Alexandra Homolar et al.•ARTICLE•Critical Discourse Studies•2014•Cited by: 4•References: 22

    This paper explores the discursive processes of legitimizing leadership claims in the context of the nuclear proliferation crisis. Three complementary analyses of texts are carried out: discourse analyses of United Nations Security Council (UNSC) resolutions and relevant speeches by members of the US administration, as well as a corpus analysis of news media accounts of nuclear proliferation published in prominent US and UK broadsheets. Findings …

  • Innovation and the Entrepreneurial State in Asia: Mechanisms of Bond Market Development

    Lena Rethel, Timothy J Sinclair•ARTICLE•Asian Studies Review•2014•Cited by: 9•References: 18

    Bond markets have expanded rapidly in emerging East Asian economies in recent years. Asian policymakers have played a pivotal role in this development. This process presents an interesting challenge to the developmental state literature associated with bank-based financial systems. We argue that it is best to understand the role of the state as an entrepreneurial state in the construction of these markets, focusing on institutional innovation in …

  • Sexy money: The hetero-normative politics of global finance

    Open Access•James Brassett, Lena Rethel•ARTICLE•Review of International Studies•2015•Cited by: 5•References: 35

    The article develops a critical analysis of gendered narratives of global finance. The post-subprime crisis equation of unfettered global finance with the excessive masculinity of individual bankers is read in line with a wider gender narrative. We discuss how hetero-normative relations between men and women underpin financial representations through three historical examples: war bond advertising, Hollywood films about bankers, and contemporary …

  • The Everyday Political Economy of Southeast Asia

    Open Access•Juanita Elias, Lena Rethel•BOOK•Everyday Political Economy of…•2016

    In this empirically rich collection of essays, a team of leading international scholars explore the way that economic transformation is sustained and challenged by everyday practices across Southeast Asia. Drawing together a body of interdisciplinary scholarship, the authors explore how the emergence of more marketized forms of economic policy-making in Southeast Asia impacts everyday life. The book's twelve chapters address topics such as domest…

  • Undoing ruination in Jakarta: The gendered remaking of life on a wasted landscape

    L Tilley, Juanita Elias et al.•ARTICLE•International Feminist Journal of…•2017•Cited by: 3

    This intervention shares images and stories from the women evictees in Jakarta who collectively give voice to the psychic, physical, and material injuries inflicted by state dispossession in the city. Engaging Ann Laura Stoler's (2013) language to expose the politics of ruination and preservation, we illustrate the gendered nature of the remaking of life on the most wasted of urban landscapes. The focus of this piece is Kampung Akuarium, a neighb…

  • Conceptualizing dynamic challenges to global financial diffusion: Islamic finance and the grafting of sukuk

    Jikon Lai, Lena Rethel et al.•ARTICLE•Review of International Political…•2017•Cited by: 9•References: 14

    Following the Global Financial Crisis of 2008–2009, there has been renewed interest in the diffusion and pluralization of financial ideas and practices, and in understanding how new ideas and practices can emerge to challenge the prevalence and diffusion of dominant ones. However, existing concepts and language in the broader literature on diffusion limit our ability to analyze and assess the contestation of ideas, especially as it is sustained a…

  • Corporate Islam, Global Capitalism and the Performance of Economic Moralities

    Lena Rethel•ARTICLE•New Political Economy•2018•Cited by: 3•References: 16

    Recent years have witnessed the rapid expansion of the Islamic economy, which by some estimates has reached a size of US$4 trillion. The growth of the Islamic economy presents an intriguing test case for the compatibility of global capitalism and moral – in this case specifically Islamic – principles. This article adopts a performative lens to draw attention to the role of the World Islamic Economic Forum and the Global Islamic Economy Summit as …

  • Economic Governance Beyond State and Market: Islamic Capital Markets in Southeast Asia

    Lena Rethel•ARTICLE•Journal of Contemporary Asia•2018•Cited by: 9•References: 31

    Islamic finance has become an integral part of the financial systems of the Muslim-majority countries of Southeast Asia. At the same time, Southeast Asia has witnessed the emergence of new capital market governance practices and arrangements that are both multi-scalar and multi-sited. This article suggests that rather than only looking at the scale and rescaling of capital market governance in the region, more attention needs to be paid to the sh…

  • Capital market development in Southeast Asia: From speculative crisis to spectacles of financialization

    Open Access•Lena Rethel•ARTICLE•Economic Anthropology•2018•Cited by: 13•References: 29

    The aftermath of the Asian financial crisis of 1997-98 witnessed a significant transformation of the financial systems of the Southeast Asia region. It saw the ascendance of capital markets in financial systems that had traditionally relied on bank loans and other sorts of so-called relationship finance. This emergence of capital markets was by design rather than the spontaneous and natural result of their evolving market orders as policymakers s…

  • Introduction: The production and contestation of exemplary centres in Southeast Asia

    Open Access•L Tilley, Juanita Elias et al.•ARTICLE•Asia Pacific Viewpoint•2019•References: 2

    The production and contestation of exemplary centres in Southeast Asia

  • Urban evictions, public housing and the gendered rationalisation of kampung life in Jakarta

    Open Access•L Tilley, Juanita Elias et al.•ARTICLE•Asia Pacific Viewpoint•2019•Cited by: 7•References: 14

    The dispossession of urban communities across class and racial lines is a global phenomenon linked to the expansion of international investment in the development of ‘exemplary’ city space. However, city evictions are also historically informed and gendered processes which are continuous with past colonial and postcolonial urban rationalisation projects. Drawing on testimonies of women evictees in Jakarta, as well as interviews with public housin…

  • Introduction: Finance, Development and the State in East Asia

    Lena Rethel, Elizabeth Thurbon•ARTICLE•New Political Economy•2019•Cited by: 5•References: 13

    There is much change afoot in the financial systems of East Asia. Historically, states in the region have actively sought to shape financial markets for developmental – and indeed other political – ends. Yet, their capacity to do so has been significantly transformed by the fragmentation and transformation of financial systems in East Asia as well as the onslaught of globalising forces more generally. The increasing complexity of the financial la…

  • Governed Interdependence, Communities of Practice and the Production of Capital Market Knowledge in Southeast Asia

    Lena Rethel•ARTICLE•New Political Economy•2019•Cited by: 7•References: 14

    This article revisits the notion of governed interdependence to examine the knowledge practices that have underpinned the expansion of debt capital markets in Southeast Asia, with a focus on Indonesia and Malaysia. It identifies two types of communities of practice – one of planners/policymakers, one of market practitioners – as central to the production of capital market knowledge and traces the emphasis placed on them by state actors through co…

  • International political economy and international political sociology meet in Jakarta: Feminist research agendas seen through everyday life

    Open Access•Juanita Elias, Lena Rethel et al.•ARTICLE•International Relations•2019

    Feminist International Political Economy (IPE), with its focus on the gendered dimensions of social reproduction and market life, provides ground for fruitful engagements between IPE and IPS. Indeed, from this perspective, the boundaries between IPE and IPS are much more porous than assumed in some other contributions to this forum. Pushing against the boundaries of narrowly demarcated disciplinary divides is something that feminist political eco…

  • Ripe 2020 diversity statement

    J Bair, Daniela Gabor et al.•ARTICLE•Review of International Political…•2021•Cited by: 1•References: 1

    As part of our commitment to diversity in academic publishing, the editors of the Review of International Political Economy (RIPE) decided in 2020 to publish annually a diversity statement, providing information about RIPE’s editorial team and contributors. Bair et al. (2021) provide further information on our commitment to strengthening equality, diversity and inclusion in international political economy and in the pages of RIPE. \n \n

  • Strengthening Ripe’s commitment to equality, diversity, and inclusion in our field

    J Bair, Daniela Gabor et al.•ARTICLE•Review of International Political…•2021•Cited by: 3•References: 9

    As editors of the Review of International Political Economy (RIPE), we are committed to expanding intellectual horizons and reflecting diverse perspectives to stimulate eye-opening discussions of global political and economic affairs. In delivering the journal’s mission of encouraging a global, interdisciplinary, and pluralist approach to publishing peer-reviewed excellent and innovative international political economy research, we strive to offe…

  • I-Peel: The International Political Economy of Everyday Life

    James Brassett, Juanita Elias et al.•BOOK•I-PEEL•2022

    I-PEEL: The International Political Economy of Everyday Life locates the study of international political economy (IPE) in the context of everyday life. It provides a fresh introduction to IPE, and highlights the relevance and prominence of IPE in the real world. In addition, the text establishes the conceptual and theoretical techniques required to engage with the IPE discipline and how those can help us understand the complexity of everyday pow…

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