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Former PhD student Dr Domna Michailidou publishes book on financial crises in emerging markets

last modified Jan 26, 2016 12:54 PM

The Inexorable Evolution of Financialisation: Financial Crises in Emerging Markets, Publisher: Palgrave Macmillan, December 2015

The book is also part of Macmillan’s finacialisation series where leading experts such as C. Kindleberger, J. Eatwell, T. Palley, A.Gamble, P.Arestis are published and republished.


Since the 2007 financial crisis, discussion on issues related to the size, spread and frequency of financial crises has captivated a wide variety of audiences. Why has the world economy experienced such a marked increase in financial transactions and private and public indebtedness since the 1980s? How have middle-income developing countries suddenly become a part of this dynamic? And, most importantly, how has the topic of financial crises been featured in households' daily discussions in both developed and developing parts of the world? Domna Michailidou addresses the questions above through exploring the inexorable evolution of financialisation into financial crisis through the examination of three middle-income countries: Mexico, Brazil and South Korea. Concentrating on emerging economies, and especially choosing three very different economies that all experienced financial crises in the 1990s, this book explores what lessons can be learnt regarding financial fragility, volatility and failure in the wake of capital market liberalisation.

Domna M. Michailidou works for the OECD Economics Division focusing on the Greek financial crisis. She has a PhD from the Centre for Development Studies in the University of Cambridge, UK, where she lectures and teaches Economic Development at both undergraduate and graduate levels. Currently, Domna is also a research fellow at the Judge Business School's Middle East Research Group and a teaching fellow at UCL's School of Public Policy, UK.
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We are delighted and proud to see that the Centre has gone from no.8 (2015) to no.6 (2016) to no.4 (2017) in the field of Development Studies in the QS Survey. This would not have been possible without the dedication and hard work from everyone within the Centre.

Message from the director: You will be pleased to know that we have moved up from 8 in 2015 to 6 this year in the QS world ranking for Development Studies. This is a remarkable result and a great tribute to the tremendous efforts of the whole team of teachers and administrators. It's a fantastic result! Professor Peter Nolan

Congratulations to PhD student Nungari Mwangi who was awarded the 2016 Andrew E Rice Award from the Society for International development!

Dr Fennell high level facilitator at WSIS 2016

We are pleased to announce that Dr Fennell has been appointed as High Level Track Facilitator at the World Summit on the Information Society Forum.