Global Financial Networks
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I have two co-authored articles that apply network theory to the global financial system. The first article, published in Perspectives in Politics was one of the first articles in IPE to adapt concepts from social network theory for the study of the global financial system. In particular, we argue that explaining patterns of crisis in the global banking system requires moving beyond theories of actor attributes to instead explicitly theorize and model the relationships among and between actors/states. The hierarchical structure of the international banking system – with the US as strongly central to that network – generates patterns of financial flows that other countries in the system have little control over, regardless of their governments’ economic policies. Our more formal treatment of the networked nature of the global financial system has generated a vociferous debate in the discipline, a debate that is most productive when it focuses on the scope conditions under which government policy interventions can overcome or change these network processes. In a subsequent International Studies Quarterly article, we expanded on this theory to more carefully test our central hypothesis using data on international financial flows and banking crises from 1978 – 2009. 
 
2017. Bauerle Danzman, Sarah, Thomas Oatley, and William Kindred Winecoff. “All Crises are Global: Capital Cycles in an Imbalanced International Political Economy.” International Studies Quarterly. 61(4): 907–923.https://doi.org/10.1093/isq/sqx054
 
2013. Oatley, Thomas, William Kindred Winecoff, Sarah Bauerle Danzman, and Andrew Pennock. “The Political Economy of Global Finance: A Network Model” Perspectives on Politics 11(1): 131–151.https://doi.org/10.1017/S1537592712003593

          An easily accessible short translational essay on this article is available here