Modeling the Concept of ‘Hegemony’ in International Financial Systems

Frederick Betz

Abstract


In this paper, we perform a graphical analysis of hegemonic leadership in international finance, based upon the historical studies by Kindleberger and Sobel about the Dutch and British financial hegemony in the 1600s-1800s. The socio-technical systems of public and of private finance in nations interact with the self-organizing system of international finance. We design a systems model for a stable international financial system in a global world, using the lessons from the history of Dutch and British fiscal hegemony.


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DOI: https://doi.org/10.11114/aef.v1i2.567

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Applied Economics and Finance    ISSN 2332-7294 (Print)   ISSN 2332-7308 (Online)

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