Abstract:
This thesis critically analyzes and explains the G20s decision to reframe shadow banking, by means of
its support for the MFD agenda. The analysis has an agential, material and ideational dimension to
determine the forces pushing for the agenda and to determine the structure facilitating the agency of
these forces. Theoretically, this thesis employs a historical materialist framework that draws mainly on
French Regulation Theory and the Amsterdam Approach and is premised upon a critical realist
philosophy of science. The thesis shows that the financial and productive capital fraction have been the
drivers of this agenda. Furthermore, it is shown that the MFD agenda acts as a mode of regulation to
stabilize the crisis prone nature of the financialized regime of accumulation. Combined, this indicates a
hegemony of the neoliberal ideology.
