Noble, ‘Follow the Money: The Political Economy of Petrodollar Accumulation and Recycling’

Abstract This thesis makes two unique contributions to the International Political Economy literature. It presents the first comprehensive, empirical investigation of petrodollar accumulation and recycling spanning the period 1980-2021. It also corrects the misconception that petrodollar recycling in the 1970s and 1980s involved the extension of loans to developing countries using fractional reserve banking and […]

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