Publications

Journal articles, books and studies, working papers.

Monetary economics, financial regulation, European political economy. Full record on ORCID and in the academic CV.

Journal articles

  1. Lapavitsas, C. and Giordano, M. (2026). ECB monetary policy in a quandary. European Law Open. DOI
  2. Giordano, M. (2025). Monetary Subordination in the Eurozone: Pillars and Asymmetries. Competition & Change. DOI
  3. Giordano, M. (2025). Displacement and Complementarity between Cryptocurrencies and Legacy Money. The Japanese Political Economy. DOI
  4. Giordano, M. (2025). Tiered Euro-Monies: Perpetrating Monetary Hierarchies from the ECU to the Euro. Review of Evolutionary Political Economy, 6: 565–587. DOI
  5. Murau, S., Goghie, A. and Giordano, M. (2025). Encumbered Security? Vertical and Horizontal Repos in the Euro Area and Their Inherent Ambiguity. Journal of Financial Regulation, 11(2). DOI
  6. Murau, S. and Giordano, M. (2024). Forging Monetary Unification through Novation: The TARGET System and the Politics of Central Banking in Europe. Socio-Economic Review, 22(3): 1283–1312. DOI
  7. Giordano, M. and Lapavitsas, C. (2023). Persistent institutional malfunctioning in the Eurozone. The Japanese Political Economy, 49(4): 295–307. DOI
  8. Giordano, M. and Pulieri, E. (forthcoming). From International to 'Regional' Financial Subordination: Italian Monetary Integration in the Eurozone. Cambridge Journal of Economics.

Books and studies

  1. Murau, S., Goghie, A., Giordano, M. and Reimer, F. (2025). Transformation of the Eurozone Architecture: Crises and Institutional Change in the Offshore US-Dollar System. GEGI Study, Global Development Policy Center, Boston University. DOI
  2. Giordano, M. (2025). Monetary Subordination in the Eurozone: Fragmentation and tiering of markets and institutions. PhD thesis, SOAS University of London. Repository
  3. Lapavitsas, C. and the EReNSEP Writing Collective (2023). The State of Capitalism: Economy, Society, and Hegemony after the Pandemic. London: Verso. Verso

Working papers and reports

  1. Murau, S., Goghie, A., Giordano, M. and Reimer, F. (forthcoming). The Monetary Architecture Framework. GEGI Study, Boston University.
  2. Giordano, M. and Pulieri, E. (forthcoming). Debt Management (in-)Dependence: The missing side of Central Banks and the Legacy of CBI.
  3. Giordano, M. (2024). Monetary Subordination in the Eurozone: Pillars and Asymmetries. SSRN Working Paper. SSRN
  4. Murau, S., Goghie, A. and Giordano, M. (2024). Encumbered Security? Conceptualising Vertical and Horizontal Repos in the Euro Area. SOAS Working Paper 262. PDF
  5. Giordano, M. and Goghie, A. (2023). From Policy to Regime: the changing posture of the ECB between liquidity and collateral through the lens of Monetary Regime. SocArXiv Working Paper. DOI
  6. Murau, S. and Giordano, M. (2022). European Monetary Unification through Novation: The Political Economy of the TARGET System. SocArXiv Working Paper. Preprint
  7. Lapavitsas, C., Meadway, J., Nicholls, D. and Giordano, M. (2022). The True Causes of Inflation: Weak Production and High Profits. PEF and GFTU. PDF

Selected talks

Full list in the academic CV
  • Tiered Euro-Monies: Perpetrating Monetary Hierarchies from the ECU to the Euro. Euromemo Group 30th Annual Conference, Vienna, September 2024.
  • Encumbered Security? Vertical and Horizontal Repos in the Euro Area. Association for Heterodox Economics, UWE Bristol, July 2024.
  • Forging Monetary Unification through Novation (with S. Murau). Money View Symposium, Institute for New Economic Thinking, February 2024.
  • The State of Capitalism: Imperialism, Subordination, and Beyond. Rethinking Economics, SOAS University of London, February 2024.
  • Off-Balance-Sheet Fiscal Agencies and the Role of the State in Financing the Green Transition. Money in Open Economies, University of Leeds, September 2023.
  • Hegemony in Europe: Allowing the EMU to tick over (with C. Lapavitsas). Musashi University International Symposium, Tokyo, May 2023.