Shahley Sharif Ali

A First-class honours BSC Economics graduate with an MSc in Health Economics. I also hold an AFHEA and FHEA qualification and have been awarded two teaching excellence awards, the first in my first year of teaching. I have over 3 years of experience in the higher education sector, including teaching undergraduate economics students, and I am eager to gain even more experience in the coming years.

I am currently an Economics lecturer at Brunel University London Pathway College. I teach first-year and foundation economics modules to international and home students. I have also achieved consistently high student pass rates and positive student feedback, reflecting my commitment to delivering quality education.  I have also worked as a personal tutor at Brunel University Business School, and my first role in academia was as a Graduate Academic Assistant in the economics department at Middlesex University after graduating as an undergraduate. All these roles allowed me to develop further and improve my pedagogical, critical thinking, and quantitative analysis skills. I can further develop these skills by pursuing a research degree in an area of intense interest.

To be a profound Analytical researcher, it will be required to have more than an interest in the economy and a first degree. This is why I intend to widen my knowledge and experiences further. My experiences vary, but my deeper interest falls between two: teaching and research. I want to utilise my skills to excel as an educator and researcher.

Abstract

There has been extensive research in the fields of endogenous money and financialisaton (normally done separately), but limited research is available on the connection between the two in the UK of the 21st century. Examining both areas with a focus on household debt over a 25-year period from 2000 to 2025 will explain the connection between them and how they form an ongoing cycle of mutual determination in 21^st-century financialisaton.

Using a post-Keynesian interpretation grounded in critical realism and pluralism, this thesis will address key debates explored by Moore, Chick and Minsky. Arguing that commercial banks play a vital role in creating money endogenously through lending (credit money), thereby contributing to financialisaton and a rise in household debt (intensifying the process by increasing demand for loans) through expanded credit.

Numerous Marxist accounts of financialisaton for instance by Lapavitsas and by Duménil and Lévy, have emphasised the origins and effects the ‘real economy’ faces. However, post-Keynesianism instead emphasises the autonomous role of the financial sector and the role of money creation, exemplified here, in the transition towards pure endogenous money in the UK, with the economy becoming cashless. This research investigates the UK’s transition to digital money, highlighting the decline in cash and the growing correlation with credit money, and portrays the workings of endogenous money.

Secondary data sources exploring the impacts of the credit boom, financial crises, COVID, and the rising cost of living from UK Finance, the Bank of England, LINK, the ONS, and relevant publications will be used. Preliminary data analysis indicates that the creation of endogenous money by commercial banks exceeded the central bank's control, and household debt played a role, benefiting financial institutions.

Areas of research interest: 

• Macroeconomics.
• Endogenous Money
• Money and Monetary Economics.
• Political Economy.
• Income & Wealth Distribution.
• Digital Finance and Financial Transformation.
• Decline of Cash and Alternative Payment Systems.
• Financialisation and Economic Structures.
• Technological Innovation in Finance.
• Pluralistic Approaches to Economics and Finance.

Basic contact information:

• Email: [email protected]
• Location: Penrhyn Road
• Faculty: Faculty of Business and Social Sciences
• School: School of Law, Social and Behavioural Sciences
• Department: Department of Economics