My research focuses on the political economy of international money and finance. I joined the Department of European and International Studies as a phd student in International Political Economy in October 2025. I hold an MSc in Economic History from the London School of Economics and Political Science, an MSc in Economics from the University of Warwick, and a BSc in International Economics (and Trade) from the University of Nottingham, Ningbo, China.

Research interests

• Global Finance and Endogenous Financial Crisis
• Political Economy of Money and Banks
• Application of Network Science in Political Economy
• History of Economic and Political Thought

Doctoral research

My research concerns the financialization of international capital mobility in two main sections. First, it explores how foreign direct investment (FDI) and metallic flows, such as cross-border gold and silver transactions, are financialized, shaped by their specific mobility models and market structures. In particular, it emphasizes the role of hierarchical market dealer systems in intensifying the financialization process. Second, it identifies the types of financial crises arising from capital swings in heterogeneous growth models and analyzes the most effective method for regulating capital flows in each scenario.

PhD supervisors

Engelbert Stockhammer (Department of European and International Studies)

Alberto Vasperoni (Department of Political Economy)

Publications

Ma, B., 2022, December. System Theory and Cybernetics of the British Industrial Revolution: Positive Feedback Between Smith-Young Growth and Schumpeterian Growth. In 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022) (pp. 267-278). Atlantis Press.

Ma, B., 2022, May. How Evergrande Defaulted: Positive Feedback Mechanism Subject to the Debt-Fueled Model in the Chinese Real Estate Market. In 2022 International Conference on Urban Planning and Regional Economy (UPRE 2022) (pp. 424-429). Atlantis Press.