About my research

My research investigates the role of money, credit, and financial dynamics in capitalist economies, with particular emphasis on monetary theory, financial instability, and the institutional organization of modern financial systems. My work is situated within the traditions of Marxian and Post-Keynesian political economy and seeks to contribute to the theoretical understanding of how monetary and financial relations shape the dynamics of capitalist accumulation. In my doctoral research, I examined the relationship between credit, fictitious capital, and capitalist instability. The study develops a theoretical framework that integrates insights from Karl Marx, John Maynard Keynes, and Hyman Minsky in order to explain how the expansion of credit and the development of financial markets influence the dynamics of capital accumulation and generate structural tendencies toward instability. The central argument is that the credit system is not merely a supporting mechanism for production but a fundamental structure of capitalist development, enabling the expansion of fictitious capital and reinforcing the inherently unstable nature of capitalist economies. Building on this research agenda, my current postdoctoral project examines the implications of Central Bank Digital Currencies (CBDCs) for the organization of the credit system and the conduct of monetary policy. From the perspective of endogenous money theory, the project analyzes how the introduction of digital currencies issued by central banks may affect the hierarchy of money, the functioning of banking systems, and the stability of monetary and financial relations in contemporary capitalism. More broadly, my research seeks to understand how transformations in monetary institutions and financial structures shape macroeconomic dynamics, financial stability, and the evolution of capitalist economies.