Dóra Piroska
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piroskadora.bsky.social
Dóra Piroska
@piroskadora.bsky.social
International Political Economy, banking and finance, Eastern Europe, Vienna
Pinned
Interested in how authoritarian leaders use banks within their inherited neoliberal polity on the global semi-periphery?

To get clues what might Trump be tempted to do with the FED and the banks?

check out our latest article on Hungary and Turkey.
♨️Hot off the press

The 3⃣rd article of our SI (w/ @elsaclaramassoc.bsky.social) on the Transformation of Banking @Competition is online

Fulya Apaydin, Dora Piroska & I study the various ways in which authoritarian leaders instrumentalise the banking sector 👇

doi.org/10.1177/1024...
Reposted by Dóra Piroska
“With increasing calls for the development of a war economy, especially in Europe, and broad acceptance that the global political economy is rapidly being primed for war, the book’s feminist political economy analysis and alternatives are vital and urgent.”
November 16, 2025 at 9:42 PM
Reposted by Dóra Piroska
Coming soon in RIPE Series in Global Political Economy - War Economy: Gendered Circuits of Violence and Capital, co-edited with Jacqui True. More at: www.routledge.com/War-Economy-...
November 16, 2025 at 9:42 PM
Just finished discussing this book with our pol. econ PhD students. We all liked it, some more other less, for its attention on consumption as institutionally defined, historical findings, and the general argument about the similarities of business strategies of US retailers digital or otherwise.
November 11, 2025 at 2:00 PM
Reposted by Dóra Piroska
Really enjoyed this book! Raises a whole bunch of really vital questions about power and transition, and does so much to get us beyond a rote insistence on state action in climate politics.
November 11, 2025 at 12:43 PM
Reposted by Dóra Piroska
Béla Greskovits. An absolute mensch. As decent and considerate a man as he is accomplished a scholar, and he’s a very accomplished scholar.
Right, enough of James Watson - who's a senior academic you've met who's been an utter delight?

I'll go first: Jocelyn Bell Burnell
November 9, 2025 at 7:02 PM
Reposted by Dóra Piroska
But what are you trying
to be free of?
The living? The miraculous
task of it?
Love is for the ones who love the work.

poets.org/poem/student...
For a Student Who Used AI to Write a Paper
Now I let it fall back in the grasses. I hear you. I know this life is hard now. I know your days are precious on this earth. But what are you trying to be free of? The living? The miraculous task of ...
poets.org
November 7, 2025 at 9:23 PM
Reposted by Dóra Piroska
“For a Student Who Used AI to Write a Paper” — Joseph Fasano

Now I let it fall back
in the grasses.
I hear you. I know
this life is hard now.
I know your days are precious
on this earth.
November 7, 2025 at 9:23 PM
Reposted by Dóra Piroska
Feeling *extreme* FOMO to be missing this event happening at Columbia today and featuring a packed roster of GOATs including @veenadubal.bsky.social @jathansadowski.com @bcmerchant.bsky.social and others!!

iserp.columbia.edu/events/new-l...
New Luddism: Technology and Resistance in the Modern Workplace | Institute for Social and Economic Research and Policy (ISERP)
iserp.columbia.edu
November 7, 2025 at 5:32 PM
Reposted by Dóra Piroska
The young age profile fully offset population losses from negative migration in Central and Eastern Europe between 1990 and 2020. Population Council just featured my Population and Development Review paper in a short summary!
#demography #migration #Poland
popcouncil.org/insight/driver…
November 7, 2025 at 10:19 AM
Reposted by Dóra Piroska
Driving myself slightly mental thinking about pension fund capital and spatial metaphors. It can’t be ‘unlocked’ or ‘deployed’ because that (wrongly) suggests it has a *location* - it is *here* and could/should be *there*.
Pension capital is a store of value that is turned into claims in *time*
a cartoon character sitting on a couch with his legs crossed
ALT: a cartoon character sitting on a couch with his legs crossed
media.tenor.com
October 28, 2025 at 4:55 PM
Reposted by Dóra Piroska
To survive in the bond market, libertarianism needs subsidies. My latest geoeconomic.substack.com/p/spare-a-st...
Spare a State Subsidy for the Chainsaw Libertarian
How the American State Keeps Milei’s Libertarian Revolution Solvent
geoeconomic.substack.com
November 2, 2025 at 3:56 PM
Reposted by Dóra Piroska
🚨New publication with Kristijan Kotarski:

Enduring Structural Power? Assessing the Dominance of the Anglosphere in Global Finance Before the Trump Turn

Includes novel visualizations of global finance (banking, portfolio inv & FDI) showing persistent US centrality

hrcak.srce.hr/clanak/487488
October 30, 2025 at 1:15 PM
Reposted by Dóra Piroska
This afternoon!
I'm speaking at Warwick and online next week about Fictions of Financialization with brilliant discussants in Chris Clarke and Marieke Beck, who will hopefully mostly talk about their own work.

warwick.ac.uk/fac/arts/sch...
Research Seminar: 'Fictions of Financialization: Rethinking Speculation, Exploitation and Twenty-First-Century Capitalism'
warwick.ac.uk
October 28, 2025 at 9:29 AM
Reposted by Dóra Piroska
When central banks were asked to "do smth" about climate, the Fed sat it out, the ECB experimented then retreated but the PBOC planned green and brown money at scale. geoeconomic.substack.com/p/central-ba...
Central Banking for the End of Times
Frankfurt measured the risk, Beijing moved the money, and Washington looked away.
geoeconomic.substack.com
October 27, 2025 at 8:58 AM
Reposted by Dóra Piroska
Obviously a self-serving recommendation, but I've found this chapter useful for structuring + historicizing discussions about sovereign debt in my IPE classes. Students often find sovereign debt intimidating, so breaking down how these contracts are written/enforced/restructured can be helpful.
Our chapter looks at how foreign creditors have impacted sovereign borrowers' sovereignty through four historical periods. While loan conditionality is a familiar way, private creditors have exerted power over borrowing states in other ways as well, many of which predate the conditional lending era.
Beyond Conditionality: How Contracts, Credit Ratings, and Credit Default Swaps Influence State Sovereignty
Abstract. This chapter examines the direct and indirect means through which foreign lenders have influenced borrowing states’ autonomy, beyond the conventi
academic.oup.com
October 20, 2025 at 6:55 PM
Reposted by Dóra Piroska
already 10+ years ago wade jacoby said that europe was a trade dependent status quo power in a world in which the status quo was disintegrating and trade was stagnating and this (car industry lobbying) is one big reason why the EU is not up to the challenge
h/t @palmapolyak.bsky.social
@lucien-mathieu.bsky.social: "Part 2️⃣ - Analysis of the leaked car industry paper: carmakers’ demands would let EV sales stagnate for the rest of the decade❗

T&E analysed and leaked a paper by the European car industry lobby ACEA and found a Christmas list of loopholes (more than 10!)."
October 15, 2025 at 5:22 PM
Reposted by Dóra Piroska
Treasury seizes the £5bn for a new strategic bitcoin reserve on my 2026 bingo card
October 15, 2025 at 10:18 PM
Reposted by Dóra Piroska
Washington thought coercion would keep China down. But as @yelingtan.bsky.social @Mark Dallas @himself.bsky.social & @abenewman.bsky.social show, it did the opposite. Dependence became danger — and China learned to turn US pressure into its own power. geoeconomic.substack.com/p/america-th...
America, the Bumerang Master
How Washington Built Chinese Leverage Over...Washington (on Tan, Dallas, Farrell, Newman)
geoeconomic.substack.com
October 14, 2025 at 5:55 AM
Reposted by Dóra Piroska
OK, given we're in "snark at the econ Nobel*" time of the year - something I am genuinely interested in knowing: What's the most robust counterintuitive finding in your particular subject/specialism?

*yes, we know
October 13, 2025 at 12:02 PM
PTSD: I recall the numbing feeling at a recent Sciences Po seminar when Aghion spoke as keynote...
October 13, 2025 at 10:50 AM
Reposted by Dóra Piroska
At the French foreign office where Sciences Po director Luis Vassy notes that no other course gets as much student demand as security studies. Good news for my job prospects, I guess.
October 13, 2025 at 10:33 AM
Reposted by Dóra Piroska
L'économiste français Ph. Aghion qui a conseillé E. Macron sur sa politique économique en faveur de la croissance, justifiant ainsi de nombreuses régressions sociales (droit du travail etc), une politique économique en échec, vient de recevoir le Prix Nobel d'économie.

Fin de la blague.
🏆 Le prix Nobel d'économie a été décerné à l'Américano-Israélien Joel Mokyr, au Français Philippe Aghion et au Canadien Peter Howitt pour leurs travaux sur l'impact des nouvelles technologies sur la croissance économique.
October 13, 2025 at 10:26 AM
Reposted by Dóra Piroska
Fühlt sich irgendwie surreal an, wenn das Nobelpreiskomittee Arbeiten zu anhaltendem Wachstum auszeichnet und vor einem Rückfall in Stagnation warnt, während die Welt brennt.
October 13, 2025 at 10:14 AM
Reposted by Dóra Piroska
The world is a Cobb Douglas production function. Growth depends on innovation and the Impatience of the Representative Agent. The “size of innovations” depends on research activity and skilled labour.

How much does this help us understand current trends in productivity, automation and inequality?
October 13, 2025 at 10:15 AM
Reposted by Dóra Piroska
Aghion and Howitt 1992 wins the Nobel Prize? Safe choice I suppose but does rather highlight the extent to which the discipline has run into dead ends on the big questions about growth, productivity and distribution.
October 13, 2025 at 10:05 AM