Anglo-American development, the Euromarkets, and the deeper origins of neoliberal deregulation

Jeremy Green

Research output: Contribution to journalArticle (Academic Journal)peer-review

15 Citations (Scopus)
791 Downloads (Pure)


This article challenges existing accounts of the development of the Euromarkets by arguing that their emergence constituted the foundational moment in the advent of a postwar Anglo-American developmental field. The account contends the notion of a postwar order shaped predominantly by the outward expansion of American financial power, by deprivileging the exclusivity of American power and arguing that co-constitutive Anglo-American developmental processes were the generative force that produced the Euromarkets. Drawing upon new archival material, the article suggests that an Anglo-American developmental sphere, in which Britain continued to play a crucial but subordinate role, was key to the unfolding of postwar financial globalisation. The Anglo-American developmental processes occasioned by the Euromarkets gave rise to a ‘transatlantic regulatory feedback loop’ that stimulated deregulation on both sides of the Atlantic and placed Anglo-American capitalist interdependence at the centre of the politics of globalisation. The deeper origins of financial deregulation lie in the transformation of Anglo-American finance during the 1960s.
Original languageEnglish
Pages (from-to)425-449
Number of pages25
JournalReview of International Studies
Issue number3
Early online date17 Dec 2015
Publication statusPublished - Jul 2016

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