Springe direkt zu Inhalt

Dr. Johannes Petry

Petry, Johannes

Freie Universität Berlin

Alumni, Postdoctoral Fellow October 2020 to October 2021

Johannes Petry is a Postdoctoral Research Fellow at SCRIPTS and Lecturer at Freie Universität Berlin. Trained as a political economist, he studied political science, economics, comparative public policy and international political economy in Frankfurt, Warwick and Konstanz (2008-2014).
He also worked in finance for two years to obtain more practical knowledge about financial markets (2014-2016).
Before joining SCRIPTS he did his PhD in International Political Economy at the University of Warwick (2016-2020), researching the politics inherent to the development of Chinese capital markets and their integration into global finance.

Research Interests

  • International and Comparative Political Economy
  • Political Economy of China's Financial System
  • State Capitalism in Emerging Markets
  • Politics of Global Finance
  • Financial Infrastructures
  • East Asia

Current Research Projects at Scripts

Johannes' postdoctoral research project at SCRIPTS (2020-2021) focuses on the international implications of China's financial development, specifically China's evolving relationship with the liberal global financial order. By 2020, Chinese capital markets have become the second largest stock, bond and futures markets in the world. They have also integrated with global markets to an unprecedented degree with international investors allocating more than $1 trillion into Chinese markets in 2020 alone. However, China's capital markets function fundamentally differently from 'global' capital markets that underpin the global financial order as they are shaped by China's political-economic system of state capitalism.

This research project therefore analyses three dimensions of China's relationship with the global financial order.

(1) Whether and/or how Chinese capital markets resist pressures to conform with global finance despite their increasing integration (main focus: Hong Kong's role as China's financial gateway).

(2) Whether and/or how Chinese capital markets actively contest the global financial order as they themselves internationalise (main focus: Chinese financial infrastructures along the Belt and Road Initiative).

(3) Whether and/or how global finance is malleable by accepting China's non-liberal rules of capital markets when engaging with China (main focus: the increasing reallocation of financial assets towards China and the US-China trade war).

Journal articles

  • Petry, J. 2020, ‘Same same, but different: Varieties of capital markets, Chinese state capitalism & the global financial order’, Competition & Change (accepted for publication; 9 September 2020).
  • Petry, J. 2020, ‘From national marketplaces to global providers of financial infrastructures: Exchanges, infrastructure and power in global finance’, New Political Economy.
  • Petry, J. 2020, ‘Financialization with Chinese characteristics: Exchanges, control and capital markets in authoritarian capitalism’, Economy & Society, vol. 49, no. 2, pp. 213-238.
  • Dutta, S., Pape, F., Kremers R. & Petry J. 2020, ‘Critical macro-finance: An introduction’, Finance & Society, vol. 6, no. 1, pp. 34-44.
  • Dutta, S., Pape, F., Kremers, R. & Petry, J. 2020, Special Forum on ‘Critical macro-finance’, Finance & Society, vol. 6, no. 1.
  • Petry, J., Fichtner, J. & Heemskerk, E. 2019, ‘Steering capital: The growing private authority of index providers in the age of passive asset management‘, Review of International Political Economy.

Book chapters

  • Petry, J 2020, ‘Securities exchanges: Subjects & agents of financialization’. In: Mader, P, Mertens, D & van der Zwan, N (eds.) The Routledge International Handbook of Financialization. London: Routledge, pp. 253-264.

Non-academic publications

  • Fichtner, J. & J. Petry 2021, 'The New “Passive” Wall Street Counterparts for States in the Global South'. Developing Economics, 5 January.

  • Petry, J. 2020, 'Finance under state capitalism: Re-conceptualising capital markets through China’s financial transformation', ES/PE –Economic Sociology & Political Economy, 15 December.

  • Petry, J., J. Fichtner & E. Heemskerk 2020, 'It’s the index, stupid! Our New Not-So-Neutral Financial Market Arbiters'. Notes on the Crisis, 12 December.

  • Petry, J. 2020, 'Financial opening with Chinese characteristics'. East Asia Forum, 21 November.

  • Fichtner, J., Heemskerk, E. & Petry, J. 2020, ‘Guest Viewpoint: The growing influence of index providers‘, Investment & Pension Europe, September (Magazine).
  • Petry, J 2020, ‘London Stock Exchange vs EU: Refinitiv battle reveals unease over power of modern stock markets‘, The Conversation, August 28.
  • Petry, J 2020, ‘Why do financial infrastructures matter? The structural power of exchanges in global finance‘, Political Economy Research Centre, July 13.
  • Petry, J 2020, ‘Wall Street beyond the Chinese Wall: Market infrastructures and the slow opening of China’s capital markets‘, ETF Stream, June 25.
  • Dutta, S, Kremers, R, Pape, F & Petry, J 2020, ‘Critical macro-finance: Eine Einführung‘, Dezernat Zukunft, June 25.
  • Petry, J. 2020, ‘Financializing state capitalism: Exchanges, financial infrastructures & the active management of capital markets in China‘, Developing Economics, June 10.
  • Fichtner, J., Heemskerk, E. & Petry, J. 2020, ‘Three financial firms could change the direction of the climate crisis – and few people have any idea‘, The Conversation, February 24.
  • Fichtner, J., Heemskerk, E. & Petry, J. 2020, ‘Index funds might sound boring. But who decides which countries and companies to include?‘ Washington Post, January 8

SCRIPTS Working Paper Series