christopher-olk.bsky.social
Christopher Olk
@christopher-olk.bsky.social
960 followers 330 following 19 posts
PhD in https://www.moneyandpower.net @ FU Berlin interested in the political economy of money, energy, and state capitalism
www.moneyandpower.net
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christopher-olk.bsky.social
Christopher Olk @christopher-olk.bsky.social · May 3
🧵Very excited to share my new open-access article in @WorldDevJournal: Looks like currency hierarchies are a key driver of asymmetric resource transfers from South to North, and that the causal mechanism has to do with the diverging 'prices of money': www.sciencedirect.com/science/arti...
How much a dollar cost: Currency hierarchy as a driver of ecologically unequal exchange
Asymmetric transfers of biophysical resources from the Global South to the North are a key obstacle to sustainable development. The underlying causal …
www.sciencedirect.com
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Reposted by Christopher Olk
emanabdelhadi.bsky.social
Eman Abdelhadi @emanabdelhadi.bsky.social · Jul 22
It’s worse than “Gaza is being starved and destroyed and no one cares.” It’s that hundreds of millions *do* care and are powerless to stop it. We need a world where that can never happen, where the masses actually have political power.
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Reposted by Christopher Olk
becomingothers.bsky.social
lilian mauthofer @becomingothers.bsky.social · Jun 9
not sure why biscotti would choose such heavy reading for our vacation but apparently @christopher-olk.bsky.social recommended it
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christopher-olk.bsky.social
Christopher Olk @christopher-olk.bsky.social · May 19
thanks, Joscha - and thanks for spotting the mistake in the stylised CEX balance sheet!
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becomingothers.bsky.social
lilian mauthofer @becomingothers.bsky.social · May 14
You can read the article Multi-Perspectivity & Ethical Representation in the Context of Gaza &October 7: Addressing the Semantic Void @jannisgrimm.bsky.social and I wrote for Daedalus here, alongside many other important contributions. I’m very happy + grateful to have worked on this piece together
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Reposted by Christopher Olk
Clara Heinrich @cheinrich.bsky.social · Mar 19
I am happy to share that my first article was published in Business & Politics earlier this year!
It’s availabe as a open access article here: www.cambridge.org/core/journal...

I summarise some key insights form the paper below👇
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Beyond formal politics: the epistemic facet of business power | Business and Politics | Cambridge Core
Beyond formal politics: the epistemic facet of business power - Volume 27 Issue 1
www.cambridge.org
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Reposted by Christopher Olk
jvtk.bsky.social
Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · Apr 18
Nice nightmare reading together with @christopher-olk.bsky.social and Louis Miebs in @ripejournal.bsky.social
www.tandfonline.com/doi/full/10....
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christopher-olk.bsky.social
Christopher Olk @christopher-olk.bsky.social · Apr 10
perhaps of interest to @danielagabor.bsky.social @steffenmurau.bsky.social @jvtk.bsky.social @adamtooze.bsky.social @stefeich.bsky.social @kaikodden.bsky.social @benbraun.bsky.social @jwullweber.bsky.social @matthiasthiemann.bsky.social, Michel Aglietta, Satoshi Nakamoto, and F.A. Hayek
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christopher-olk.bsky.social
Christopher Olk @christopher-olk.bsky.social · Apr 9
#Crypto began as an anti-state, anti-credit project. Now it's an integral part of the state-backed credit system - just think of Trump’s 'Bitcoin Reserve'. How and why did this happen?

Find answers in our new open-access article in @ripejournal.bsky.social:
www.tandfonline.com/doi/full/10....
A credit theory of anti-credit money: How the cryptocurrency sphere turned into a shadow banking system
Cryptocurrencies were designed to function as money without banks. How, then, could they run into a banking crisis in 2022? We argue that the evolution of the crypto sphere into a credit based syst...
www.tandfonline.com
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christopher-olk.bsky.social
Christopher Olk @christopher-olk.bsky.social · May 3
For now, I am very excited to share this product of almost 4 years of work, and grateful to Romain, Jeff, @andreabinder.bsky.social and many others who have been intellectual and personal companions throughout!
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christopher-olk.bsky.social
Christopher Olk @christopher-olk.bsky.social · May 3
We need much more research to establish the direction(s) of causality, identify interactions, and understand the structures, histories and monetary institutions (e.g. offshore finance) that affect resource flows (and vice versa). Do get in touch if you are interested!
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christopher-olk.bsky.social
Christopher Olk @christopher-olk.bsky.social · May 3
If any meaningful global sustainability transition requires limiting resource transfers (#carbonleakage etc.), this in turn requires structural changes to the global monetary system. On the flipside,  changes in the global currency order  mean changes in global resource flows.
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Christopher Olk @christopher-olk.bsky.social · May 3
In the paper, I use some simple regression models to test these hypotheses, control for additional factors, and rule out alternative explanations. In short, it looks a lot like currency hierarchy is causally linked to asymmetric resource transfers. But what does that imply?
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christopher-olk.bsky.social
Christopher Olk @christopher-olk.bsky.social · May 3
Moreover, lower price levels in the South also directly cause ecologically unequal exchange. My new interpretation of the 'exorbitant privilege' explains how this asymmetry too might be a consequence of currency hierarchy.
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Christopher Olk @christopher-olk.bsky.social · May 3
In short, interest rates are higher for lower-ranking currencies. It looks like higher rates in the South nurture extractivism, hamper industrial upgrading, create various dependencies ('financial subordination’), and drive net resource outflows!
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christopher-olk.bsky.social
Christopher Olk @christopher-olk.bsky.social · May 3
What if currency hierarchies and ecologically unequal exchange are causally linked? @RomainSvartzman & Jeff Althouse suggested this (www.tandfonline.com/doi/pdf/10.1...). My article builds on their idea by specifying, formalizing and testing causal hypotheses.
Greening the international monetary system? Not without addressing the political ecology of global imbalances: Review of International Political Economy: Vol 29 , No 3 - Get Access
www.tandfonline.com
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christopher-olk.bsky.social
Christopher Olk @christopher-olk.bsky.social · May 3
However, we also know that the structure of the global monetary system is characterized by a 'currency hierarchy': Countries that issue internationally acceptable currencies have relatively lower interest rates and higher price levels - again, a dollar 'costs' less!
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Christopher Olk @christopher-olk.bsky.social · May 3
What we knew relatively little about is why these asymmetries persist, i.e. why prices and exchange rates do not adjust to equilibrate the differences in factor costs and productivity (as mainstream economics would predict).
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christopher-olk.bsky.social
Christopher Olk @christopher-olk.bsky.social · May 3
We know that Global North countries import more biophysical resources (land, energy, labour, ...) from the South than vice versa. This is because the North gets more money per exported resource, i.e. a dollar 'costs' fewer resources (s/o @kendricklamar: youtu.be/y8kEiL81_R4?...)
How Much A Dollar Cost
Provided to YouTube by Universal Music GroupHow Much A Dollar Cost · Kendrick Lamar · James Fauntleroy · Ronald IsleyTo Pimp A Butterfly℗ 2015 Aftermath/Inte...
youtu.be
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christopher-olk.bsky.social
Christopher Olk @christopher-olk.bsky.social · May 3
🧵Very excited to share my new open-access article in @WorldDevJournal: Looks like currency hierarchies are a key driver of asymmetric resource transfers from South to North, and that the causal mechanism has to do with the diverging 'prices of money': www.sciencedirect.com/science/arti...
How much a dollar cost: Currency hierarchy as a driver of ecologically unequal exchange
Asymmetric transfers of biophysical resources from the Global South to the North are a key obstacle to sustainable development. The underlying causal …
www.sciencedirect.com
1 2 6
christopher-olk.bsky.social
Christopher Olk @christopher-olk.bsky.social · Jan 8
@andreabinder.bsky.social
christopher-olk.bsky.social
Christopher Olk @christopher-olk.bsky.social · Jan 8
Wir suchen eine*n Studentische Mitarbeiter*in (SHK) für unsere Forschungsgruppe zur (Geo-)politik des Offshore-Finanzsystems! Hier ist der Call, gerne teilen:

www.fu-berlin.de/universitaet...
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christopher-olk.bsky.social
Christopher Olk @christopher-olk.bsky.social · Oct 20
wird mal Zeit. Ich freu mich, @dielinkeberlin.bsky.social!
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christopher-olk.bsky.social
Christopher Olk @christopher-olk.bsky.social · Oct 20
Die AK ist die beste linke/linksradikale deutschsprachige Zeitung. Abo lohnt sich enorm. ❤️
analysekritik.bsky.social
analyse & kritik @analysekritik.bsky.social · Oct 18
Tausend Dank für eure Reposts, motivierende Kommentare und die ersten 90 Abos! Jetzt geht die Langstrecke los.

Warum wir mindestens neue 1000 Abos brauchen, liest du hier: www.akweb.de/1000-neue-ab...

Wir freuen uns, wenn wir ak mit deiner Hilfe besser machen können. Danke für deine Unterstützung!
Grafik von roten Tropfen, die auf ak regnen. Auf den Tropfen steht in großen Buchstaben "Abos für ak"
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Reposted by Christopher Olk
hahauenstein.bsky.social
Hanno Hauenstein @hahauenstein.bsky.social · Oct 14
Diese großangelegte deutsche Externalisierungskampagne dieser Tage, Antisemitismus auf „Fremde“ auszulagern, so gut wie jeden Ausdruck palästinensischer Selbstbestimmung & Geschichte stummzuschalten und die Dehumanisierung einer ganzen Bevölkerungsgruppe abzunicken, ist wirklich mehr als gruselig
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christopher-olk.bsky.social
Christopher Olk @christopher-olk.bsky.social · Oct 3
new paper with @jasonhickel.bsky.social & Colleen Schneider: We can fund Universal Public Services, a Job Guarantee and rapid de-carbonization, all without GDP growth or inflation! Here's how: www.sciencedirect.com/science/arti...
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