Includes bibliographical references and index.

1. Introducing emerging finance capitalism -- 2. States, banks, and crisis in emerging finance capitalism -- 3. States, banks, and the history of postwar development in Mexico and Turkey -- 4. Neoliberal idealism, crisis, and banking in Mexico's state-led structural transformation, 1982-94 -- 5. Crisis and the neoliberal idealism of state and bank restructuring in Turkey, 1980-2000 -- 6. Another round of tequila? Interpreting the costs and benefits of emerging finance capitalism in Mexico -- 7. Richer than Croesus? Understanding the subordination of state and banks to emerging finance capitalism in Turkey -- 8. Comparing alternatives in an era of emerging finance capitalism.

Thomas Marois' groundbreaking interpretation of banking and development in Mexico and Turkey builds on a Marxian-inspired framework premised on understanding states and banks as social relationships alongside crisis and labor as vital to finance today. The book's rich historical and empirical content reveals definite institutionalized relationships of power that mainstream political economists often miss.