Financialization without liquidity
In‐kind payments, forced credit, and authoritarianism at the periphery of Europe
Bibliographic Data
| ID | 7866367 |
|---|---|
| Authors | Fabio Mattioli (0000-0003-2564-4788, School of Social and Political Sciences, W401 John Medley Building University of Melbourne 3010 Australia, corresponding author) |
| Year | 2018 |
| Volume | 24 |
| Issue | 3 |
| Pages | 568-588 |
| Publication date | 2018-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of the Royal Anthropological Institute (JOURNAL) |
| Journal identifiers | ISSN: 1359-0987 • E-ISSN: 1467-9655 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1467-9655.12861 |
| OpenAlex | W2809817060 |
| Language | EN |
| Citations received | 15 |
| References cited | 73 |
After 2008, the spectacular collapse of financial markets in the United States, Spain, Iceland, Portugal, and Greece has induced researchers to conceptualize financialization as a rapid and unsustainable increase in liquidity. In Macedonia, a small country at the periphery of the European Union, however, the spread of financial instruments and debt coincided with an increased use of in‐kind payments instead of money. Focusing on a type of non‐monetary exchanges that Macedonians call kompenzacija , the article shows how in‐kind payments are integrated to financial flows, and are crucial to the emergence of an authoritarian regime. In the Macedonian context, kompenzacija is part of an oppressive set of relations whereby companies are forced to provide monetary credit to the regime by accepting payment in goods that lose value over time. The article describes the conditions that shape financialization at the periphery of Europe, and identifies in value conversions a crucial variable for understanding the interconnection between politics and finance
Authoritarianism · Context (archaeology · Debt · Economics · Financial system · Financialization · Market economy · Market liquidity · Monetary economics · Payment · Political science · Politics · Finance · Housing, Finance, and Neoliberalism · Law · Political and Economic history of UK and US · Political Economy and Marxism
Shaping Urban Futures in Mongolia
European social anthropology in 2018
Money
From modernism to kitsch
Captured City
Housing as asset and payment
Doing Business Without Cash
Smartphones for drugs
How Subordinate Financialization Shapes Urban Development
Sonic Space-Making on the Margins of Power
Banking the Bazl
Gendered redistribution and family debt
Knotty financiers
Finance beyond function
Routine failure in Macedonia
Mutual Life, Limited
The Anthropology of Money
Liquidated
The Unmaking of Soviet Life
Navigating Austerity
How Would You Like to Pay?
The Socialist System
The Everyday Life of Global Finance
Peripheral Financialization and Vulnerability to Crisis
Privatizing Poland
Barter, Exchange and Value
Informal networks and interstitial arenas of power in the making of civil society law in Serbia
Social Inequalities and Discontent in Yugoslav Socialism
Economy's Tension
Markets of Dispossession
The ‘age of the market’ and the regime of debt
What Was Socialism, and What Comes Next
The crisis seen from below, within, and against
Financialisation in emerging economies
Financialisation and the Malaysian Political Economy
Financialised Capitalism
Detroit’s Municipal Bankruptcy
European Integration, Capitalist Diversity and Crises Trajectories on Europe’s Eastern Periphery
The peripheralization of Southern European capitalism within the EMU
Semi-peripheral financialisation
Metallurgical Kombinat Smederevo 1960–1990
Nation-building ancient Macedonian style
The Recent Development of the Money and Banking System of Yugoslavia
Governing the system
The Rise of Authoritarian Neoliberalism
How Did Finance Capital Infiltrate the World of the Urban Poor? Homeownership and Social Fragmentation in a Spanish Neighborhood
Speculative Technologies
Yugoslavia
Out of the Pits
You Can Buy Almost Anything with Potatoes
Life in Debt
Barter and Economic Disintegration
Tribute Cloth Production and Compliance in Aztec and Colonial Mexico
Moonshine, money, and the politics of liquidity in rural Russia
Open towns and manipulated indebtedness among agricultural workers in the New South
Fiscal Disobedience
The Currency of Failure
Ecologies of Investment
The Anthropology of Credit and Debt
Postsocialist spores
Tales From Albarado
Economy of Words
Petitioning a giant
Juggling with Debt, Social Ties, and Values
Distributed execution in illiquid times
The social structure of liquidity
Money-Go-Round
Finance beyond function
| Unique citing works | 15 |
|---|---|
| Citations per year | 1,88 |
| Citation span | 2018 - 2026 (9) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 15 |