Research

Research focuses on the the international financial system with emphasis on the IMF, capital controls, and development strategy. More recent work describes changes to the global financial architecture occurring since the 2008 financial crisis.

See “Books” tab for information on When Things Don’t Fall Apart and other works. Selected articles and book chapters appear below with pre-publication versions available for download.

Grabel, Ilene, Critique and Alternatives to “Making the Global Financial System Work For All” (October 2018 report of the G20 Eminent Persons Group on Global Financial Governance), prepared for 2019 UNCTAD Trade and Development Report (publication pending Sept. 25, 2019), Pre-publication Download

Grabel, Ilene, Continuity, Discontinuity, and Incoherence in the Bretton Woods Order: A Hirschmanian Reading, Development & Change, Special Issue on “Beyond Bretton Woods:Complementarity and Competition in the International Economic Order,” 50(1), pp. 46-71, http://dx.doi.org/10.1111/dech.12469   Pre-publication Download

Grabel, Ilene, The Upside of a Messier Global Financial Architecture, Current History, Special Issue on “A Decade of Aftershocks Since The Global Financial Crisis,” 117(802), pp 321-4. Pre-publication Download

Grabel, Ilene, Reflections on the Economics Profession, the Neoliberal Conjuncture, and the Emerging Democratic Crisis: An Analysis in the Spirit of Albert O. Hirschman, Forum for Social Economics, Papers and Proceedings from the ASSA 2018 conference, 2018, 47(2), 173-83, https://doi.org/10.1080/07360932.2018.1451761. Pre-publication Download

Grabel, Ilene, Toward a Pluripolar Global Financial Architecture? The Bretton Woods Institutions and the New Landscape of Developmental Finance, Review of Radical Political  Economics, Papers and Proceedings from the ASSA 2018 conference, 2018, 50(4), 653-59, DOI: https://doi.org/10.1177/0486613418761894. Pre-publication Download

Grabel, Ilene. “Capital Controls In A Time of Crisis.” Financial Liberalisation: Past, Present and Future, Philip Arestis and Malcolm Sawyer (eds.), Annual Edition of International Papers in Political Economy, 2016, Houndmills, Basingstoke: Palgrave Macmillan, pp. 177-223. DOI: 10.1007/978-3-319-41219-1_5. 5 Pre-publication Download

Grabel, Ilene & Kevin P. Gallagher. “Capital Controls and the Global Financial Crisis: An Introduction.” Review of International Political Economy, 2015, 22(1): 1-6. DOI: 10.1080/09692290.2014.931873 Pre-publication Download

Grabel, Ilene. “The Rebranding of Capital Controls in an Era of Productive Incoherence.” Review of International Political Economy 22, no. 1 (2015): 7-43. DOI: http://dx.doi.org/10.1080/09692290.2013.836677 Pre-publication Download

Grabel, Ilene. “Post-Crisis Experiments in Development Finance Architectures: A Hirschmanian Perspective On ‘Productive Incoherence’.” Review of Social Economy 73, no. 4 (2015): 388-414. DOI: http://dx.doi.org/10.1080/00346764.2015.1089111 Pre-publication Download

Grabel, Ilene. “Finance, development and social economics in view of the global crisis.” In The Elgar Companion to Social Economics, edited by John B. David and Wilfred Dolfsma, 566-90. 2nd ed., 2015, Cheltenham: Edward Elgar. DOI: http://dx.doi.org/10.4337/9781783478545.00046 Pre-publication Download

Stiglitz, Joseph E., Ilene Grabel, Jean-Paul Fitoussi, Peter Bofinger, Gøsta Esping-Andersen, James K. Galbraith, Stephany Griffith-Jones, András Inotai, Louka T. Katseli, Kate Pickett, Jill Rubery, and Frank Vandenbroucke. “A Call for Change. From the Crisis to a New Egalitarian Ideal for Europe.” Challenge 57(4), 2014, pp. 5-17. DOI: 10.2753/0577-5132570401. Pre-publication Download

Grabel, Ilene. “Global Financial Governance and Development Finance in the Wake of the 2008 Financial Crisis.” Feminist Economics 19(3) (2013): 32-54. DOI: http://dx.doi.org/10.1080/13545701.2013.798021 Pre-publication Download

Grabel, Ilene. Financial architectures and Development: Resilience, Policy Space and Human development in the global south. Human Development Report Office, United NationsDevelopment Programme. Occasional Paper. New York, 2013. Pre-publication Download

Grabel, Ilene. “Not your grandfather’s IMF: global crisis, ‘productive incoherence’ and developmental policy space.” Cambridge Journal of Economics 35, no. 5 (2011): 805-830.
DOI: https://doi.org/10.1093/cje/ber012 Pre-publication Download

Grabel, Ilene. “Remittances: Political Economy and Developmental Implications.” International Journal of Political economy 38, no. 4 (2009): 86-106.
DOI: 10.2753/IJP0891-1916380405 Pre-publication Download

Grabel, Ilene. The Political Economy of Remittances: What Do We Know? What Do We Need to Know? Working paper no. 184. Political Economy Research Institute, University of Massachusetts Amherst. Amherst: University of Massachusetts, 2008. DOI: 10.2753/IJP0891-1916380405 Pre-publication Download

Grabel, Ilene. “Taxation of International Private Capital Flows and Securities Transactions in Developing Countries: Do Public Finance Considerations Augment the Macroeconomic Dividends?.” International Review of Applied Economics 19, no. 4 (2005): 477-497. DOI: http://dx.doi.org/10.1080/02692170500213368 Pre-publication Download

Grabel, Ilene. Trip Wires and Speed Bumps: Managing Financial Risks and Reducing the Potential for Financial Crises in Developing Economies. G-24 Discussion Paper Series. 2004. Pre-publication Download

Chang, Ha-Joon, and Ilene Grabel. “Reclaiming Development from the Washington Consensus.” Journal of Post Keynesian Economics 27, no. 2 (2004): 273- 91. DOI: http://dx.doi.org/10.1080/01603477.2004.11051434 Pre-publication Download

Epstein, Gerald, Ilene Grabel, and K.S. Jomo. Capital Management Techniques in Developing Countries: An Assessment of Experiences from the 1990s and Lessons for the Future. G-24 Discussion Paper Series. 2004. Pre-publication Download

Grabel, Ilene. The Revenue and Double Dividend Potential of Taxes on International Private Capital Flows and Securities Transactions. Working paper no. Discussion Paper No. 2003/83. UNU-WIDER. Helsinki, 2003. ISBN: 9789291905539 ISSN: 16095774 Pre-publication Download

Grabel, Ilene. “Averting crisis? Assessing measures to manage financial integration in emerging economies.” Cambridge Journal of Economics 27, no. 3 (2003): 317-336. DOI: 10.1093/cje/27.3.317 Pre-publication Download

Grabel, Ilene. “Predicting Financial Crisis in Developing Economies: Astronomy or Astrology?” Eastern Economic Journal 29, no. 2 (2003): 243-258
 Stable URL: http://www.jstor.org/stable/40325412 Pre-publication Download

Grabel, Ilene. “Ideology, Power and The rise of Independent Monetary Institutions in Emerging Economies”, in J. Kirshner (ed.) Monetary Orders: Ambiguous Economics, Ubiquitous Politics, Ithaca: Cornell University Press, (2003): 25-52 DOI for book containing the chapter: https://doi.org/10.1017/S1537592704210702 Pre-publication Download

Grabel, Ilene. “Neoliberal Finance and Crisis in the Developing World.” Monthly Review 53, no. 11 (2002): 34-46.
 DOI: http://dx.doi.org/10.14452/MR-053-11-2002-04_4 Pre-publication Download

Grabel, Ilene. “The political economy of ‘policy credibility’: The new-classical macroeconomics and the remaking of emerging economies.” Cambridge Journal of Economics 24, no. 1 (2000): 1-19.
 DOI: https://doi.org/10.1093/cje/24.1.1 Pre-publication Download 

Grabel, Ilene. “Rejecting Exceptionalism: Reinterpreting The Asian Financial Crisis.” Global Instability: The Political Economy of World Economic Governance.” Edited by John Grieve Smith and Jonathan Michie. London: Routledge (1999): 37-67.
 DOI: https://doi.org/10.4324/9780203165447.ch2 Pre-publication Download

Grabel, Ilene. “Marketing The Third World: The Contradictions of Portfolio Investment In The Global Economy.” World Development 24, no. 11 (1996): 1761-1776. 
DOI: https://doi.org/10.1016/0305-750X(96)00068-X Pre-publication Download

Grabel, Ilene, “Speculation-led Economic Development: A Post-Keynesian Interpretation of Financial Liberalization in the Third World.” International Review of Applied Economics 9, no. 2 (1995): 127-149.
 DOI: http://dx.doi.org/10.1080/758538249 Pre-publication Download