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Volume 17, Issue 3 (Oct 2015)


Structural power and the global financial crisis: a network analytical approach

William Kindred Winecoff
  • Corresponding author
  • Department of Political Science, Indiana University Bloomington, 210 Woodburn Hall, 1100 East Seventh Street, Bloomington, IN 47405-7110, USA
  • Email:
Published Online: 2015-06-27 | DOI: https://doi.org/10.1515/bap-2014-0050


How did the most severe global financial crisis since the 1930s affect the organization of the world political economy? Was Anglo-American structural power in finance eroded? I employ network methodologies that have been recently extended for use with weighted and directed networks to shed light on these questions. I draw from complexity science and political economy to link these empirics to prior theories of structural power, which I refine in several ways. This approach provides unique explanations for developments in global banking since the crisis, including expected outcomes that did not occur: the continuation – and even expansion – of Anglo-American prominence, the decline of continental European prominence, and the lack of emergence of the BRICS economies into the core of the global banking system.

This article offers supplementary material which is provided at the end of the article.


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About the article

Corresponding author: William Kindred Winecoff, Department of Political Science, Indiana University Bloomington, 210 Woodburn Hall, 1100 East Seventh Street, Bloomington, IN 47405-7110, USA, e-mail:

Published Online: 2015-06-27

Published in Print: 2015-10-01

Citation Information: Business and Politics, ISSN (Online) 1469-3569, ISSN (Print) 1369-5258, DOI: https://doi.org/10.1515/bap-2014-0050. Export Citation

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Pepper D. Culpepper
Business and Politics, 2015, Volume 17, Number 3

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