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Michael Rafferty

Michael Rafferty

B. Bus, BA (Hons) Curtin; PhD Sydney
ARC Research Fellow

Rm 262
H04 - Merewether Building
The University of Sydney
NSW 2006 Australia

Telephone +61 2 9036 9081
Fax +61 2 9351 5615
michael.rafferty@sydney.edu.au

Bio

Mike has undertaken research on work, labour markets, skills development, occupational health and safety, and financial aspects of working life, including mortgage stress, superannuation and retirement. He has also written on the shifting of life course risks from employers and the state to workers and households and the growing role of financial markets in managing those risks. Previously, he was MBA Program Coordinator at the University of Wollongong. Mike holds a PhD in economics,is an Honorary Research Fellow at the Institute of Employment Research at Warwick University and has taught at universities in Australia and Europe.

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Publications

2014

1
Book/s

Rafferty M 2014 Forthcoming 'Unplanned: The transformation of States and Markets in Eastern Europe', ed. M Lonnborg and M Olsson, Sodertorn University Press, Stockholm, Sweden

2
Book Section/s

Rafferty M, Bryan D and Wigan D 2014 Forthcoming 'The Map and the Compass – Exploring Capital’s New Financial Spaces' in Handbook on the Geographies of Money, ed. Jane Pollard and Ron Martin, Edward Elgar , Cheltenham, United Kingdom

Rafferty M 2014 Forthcoming 'The Economics of Work and Job Quality – Beyond the necessary and the mundane?' in Frontiers of Job Quality, ed. Chris Warhurst and Angela Knox, The Federation Press, Sydney, Australia

Rafferty M and Nesvetolova A 2014 Forthcoming 'The Economy of Deferral and Displacement - Finance, Shadow banking and Fiscal Arbitrage' in Shadow Banking, ed. Ronen Palan and Duncan Wigan, Cornell University Press, New York, United States

4
Journal Article/s

Bryan D and Rafferty M 2014 Forthcoming 'Financial derivatives as social policy beyond the crisis', Journal of Sociology (Special Issue on the Global Financial Crisis)

Bryan D and Rafferty M 2014 Forthcoming 'From Mobile Homes to Fluid Housing - notes on Christopher and Alber’s political economy of housing', Housing, Theory and Society

2013

2
Book Section/s

Lonnborg M, Ogren A and Rafferty M 2013 'Banks and Swedish Financial Crises in the 1920s and 1930s' in History and Financial Crisis: Lessons from the 20th century, ed. Christopher Kobrak and Mira Wilkins, Routledge, United Kingdom, pp. 56-74

4
Journal Article/s

Bryan D and Rafferty M 2013 'Fundamental value: a category in transformation', Economy and Society, vol.42:1, pp. 130-53 Link

2012

2
Book Section/s

Rafferty M and Wright S 2012 'Global Concept: Work' in The Core Body of Knowledge for Generalist OHS Professionals, Safety Institute of Australia Ltd, Tullamarine, Victoria, Australia

4
Journal Article/s

Bryan D and Rafferty M 2012 'Why We Need to Understand Derivatives in Relation to Money: A Reply to Tony Norfield', Historical Materialism, vol.20:3, pp. 97-109 Link

5
Conference Paper/s

Rafferty M and Wright S 2012 'The Financialization of Construction Work', 30th International Labour Process Conference ILPC 2012, Stockholm, Sweden, 29th March 2012

8
Magazine Article/s

Bryan D and Rafferty M 2012 'The new class politics of financial risk', Dissent:37, pp. 47-51

2011

2
Book Section/s

Bryan D and Rafferty M 2011 'Monetary Equivalence and Functionalism: Implications for Central Banking' in New Approaches to Monetary Theory: Interdisciplinary Perspectives - Routledge International Studies in Money and Banking Series, ed. Heiner Ganssmann, Routledge, London, United Kingdom, pp. 171-90

Lamont G, Rafferty M and Ryan S 2011 'The Future Isn’t What it Used To Be – Women, Work, and the ‘New’ Retirement' in Women at Work: Research, Policy and Practice, ed. Peter A Murray, Robin Kramar and Peter McGraw , Tilde University Press , Melbourne, Australia, pp. 139-68

4
Journal Article/s

Lonnborg M, Ogren A and Rafferty M 2011 'Banks and Swedish Financial Crises in the 1920s and 1930s', Business History, vol.53:2, pp. 230-48

5
Conference Paper/s

Rafferty M, Yu S and Wright S 2011 'Cleaning up in retirement? A study of retirement incomes among Australian women cleaners', Women, Work and Collectivism Symposium, University of Sydney, Australia, 11th May 2011

10
Report/s

Rafferty M, Wright S, Chan S, Fattore T and Schutz H 2011 'Contracting Arrangements in the QLD Construction Industry: Exploring factors that may give rise to ‘sham contracting', QLD Department of Workplace Health and Safety, Workplace Research Centre

2010

2
Book Section/s

Bryan D, Rafferty M and MacWilliam S 2010 'The Global Financial Crisis: Foreclosing or Leveraging Labour’s Future?' in The Great Credit Crash, ed. Martijn Konings, Verso, London, United Kingdom, pp. 353-369

Bryan D and Rafferty M 2010 'A Time and a Place for Everything: Foundations of Commodity Money' in Money and Calculation: Economic and Sociological Perspectives, ed. Massimo Amato, Luigi Doria and Luca Fantacci, Palgrave MacMillan, London, United Kingdom, pp. 101-121

4
Journal Article/s

Bryan D and Rafferty M 2010 'Deriving capital's (and labour's) future', Socialist Register 2011 - The Crisis This Time, vol.47

Al-Malkawi H, Rafferty M and Pillai R 2010 'Dividend Policy: A Review of Theories and Empirical Evidence', International Bulletin of Business Administration:Issue 9, pp. 171-200

5
Conference Paper/s

Rafferty M 2010 'A new paradox of thrift? mandatory contributions and retirement insecurity - lessons from Australia', 8th Annual Capital Matters: Managing Labor's Capital Conference 2010, Boston, United States, 23rd April 2010

Rafferty M and Bryan D 2010 'Financialisation after the crisis: making households safe (again) for expanded accumulation', Finance In Question/Finance in Crisis Conference 2010, Manchester, United Kingdom, 14th April 2010

Lonnborg M, Rafferty M and Ogren A 2010 'Swedish Financial Crises Through Times: Causes, Consequences and Political Economy From a Long Term Perspective', The Asia-Pacific Economic and Business History Conference APEBH 2010 - "Financial Crises: Historical Perspectives", Wellington, New Zealand, 20th February 2010

10
Report/s

Bryant D, Rafferty M, Wright S and Yu S 2010 'Retirement Adequacy and the Role of Compulsory Superannuation: Results of a Study of Cleaners and Security Guards', Liquor, Hospitality and Miscellaneous Workers Union (LHMU, now United Voice), Workplace Research Centre

O'Neill P, Camacho Duarte O, Casiro J, Gwyther G, Phibbs P, Bryan D, Rafferty M and Allon F 2010 'The experience of mortgage distress in Western Sydney - Mortgage stress report for the Reserve Bank of Australia', Urban Research Centre UWS Link

Rafferty M, Schutz H and Yu S 2010 'Staffing cutbacks in the South Australian public sector and their likely effects - Results of a survey of state public sector employees', Workplace Research Centre- February Link

Bryan D, Ham R, Haumueller P, Rafferty M and Yu S 2010 'Winning By Default? Testing for the Relationship Between Fund Flows and Performance in the Australian Superannuation Industry', Workplace Research Centre- March

Rafferty M and Yu S 2010 'Skills for green jobs in Australia : unedited background country study', International Labour Office, Skills and Employability Department- Geneva Link

Rafferty M and Yu S 2010 'Shifting Risk Work and working life in Australia A report for the Australian Council of Trade Unions', Workplace Research Centre Link

Norton K and Rafferty M 2010 'Work, skills and training in the Australian red meat processing sector', NCVER Link

2009

4
Journal Article/s

Bryan D and Rafferty M 2009 'Homemade financial crisis', Ephemera: theory and politics in organization volume, vol.9:4, pp. 357-62

Bryan D and Rafferty M 2009 'Sydney Forum on the Financial Crisis: Introduction', Ephemera: theory and politics in organization, vol.9:4, pp. 330-34

Bryan D, Martin R and Rafferty M 2009 'Financialization and Marx: Giving Labor and Capital a Financial Makeover', Review of Radical Political Economics, vol.41:4, pp. 458-72

10
Report/s

Rafferty M, Schutz J and Yu S 2009 'Staffing Cutbacks in the South Australian Public Sector and their Likely Effects: Results of a survey of state public sector employees', Report for the Public Sector Association of South Australia (SA PSA) Link

Evesson J, Bretherton T, Buchanan J, Rafferty M and Considine G 2009 'Understanding vocational education and training, productivity and workforce participation: An issues paper',

2008

4
Journal Article/s

Martin R, Rafferty M and Bryan D 2008 'Financialization Risk and Labour', Competition and Change, vol.12:2, pp. 121-133

10
Report/s

Bohle P, Buchanan J, Cooke T, Considine G, Jakubauskas M, Quinlan M, Rafferty M and Ryan R 2008 'The evolving work environment in New Zealand: Implications for occupational health and safety', National Occupational Health and Safety Advisory Committee (NOHSAC) Technical Report 10, Wellington, New Zealand

2007

2
Book Section/s

Bryan D and Rafferty M 2007 'Financial Derivatives: Bubble or anchor?' in Global Finance in the New Century- Beyond Deregulation, Palgrave Macmillan, Basingstoke, pp. 25-37 Link

Coates N and Rafferty M 2007 'Offshore Financial Centres, Hot Money and Hedge Funds: A Network Analysis of International Capital Flows' in Global Finance in the New Century- Beyond Deregulation, ed. L.Assassi, A.Nesvetailova and D.Wigan, Palgrave Macmillan, Basingstoke, pp. 38-54 Link

4
Journal Article/s

Bryan D and Rafferty M 2007 'Financial Derivatives and the Theory of Money', Economy and Society, vol.36:1, pp. 133-157 Link

5
Conference Paper/s

Bryan D, Martin R and Rafferty M 2007 'Financialization and Marx: Giving capital and labor a financial makeover', Sixth Australian Society of Heterodox Economist Conference - Heterodox Economic Perspectives on Contemporary Issues, Sydney, Australia, 11th December 2007

Bryan D and Rafferty M 2007 'Incorporating Finance into International Business Theory', Australian and New Zealand International Business Academy Annual Conference (ANZIBA), Newcastle, Australia, 10th November 2007

6
Conference Proceeding/s

Rafferty M and Bryan D 2007 'Do financial derivatives challenge the ontological primacy of the joint stock company?', Sixth Australian Society of Heterodox Economist Conference: Heterodox Economic Perspectives on Contemporary Issues, Sydney, NSW, Australia, 11th December 2007

2006

1
Book/s

Rafferty M and Bryan D 2006 'Capitalism With Derivatives: A Political Economy of Financial Derivatives, Capital and Class', Palgrave Macmillan, London, United Kingdom

4
Journal Article/s

Rafferty M 2006 'Bubbles on the South Seas', Australian Review of Public Affairs

Rafferty M and Bryan D 2006 'Can financial Derivatives Inform HRM? Lessons from Moneyball', Human Resource Management, vol.45:1, pp. 111-145

Bryan D and Rafferty M 2006 'Financial Derivatives: The New Gold?', Competition and Change: The Journal of Global Business and Political Economy, vol.10, pp. 265-282

Bryan D and Rafferty M 2006 'Money in Capitalism and Capitalist Money', Historical Materialism: Research in Critical Marxist Theory, vol.13:1, pp. 75-95

5
Conference Paper/s

Rafferty M, Lonnborg M and Olsson M 2006 'External finance and ‘transition’: an overview of market developments in Central eastern Europe and the Baltics in the run-up to EU-membership', 18th European Association for Evolutionary Political Economy (EAEPE) Annual Conference Developing Economies; Multiple Trajectories, Multiple Developments, Galatsaray University, Istanbul , Turkey, 4th November 2006

Rafferty M 2006 'The Stability of International Money', International Forum On Comparative Political Economy of Globalization, Renmin University, Beijing, China, 4th September 2006

Rafferty M, Lonnborg M and Olsson M 2006 'FDI and Europe in ‘Transition’: The case of the banking sector in the Baltic States', Discussion paper presented for the 8th Annual Swedish Network of European Economics Conference, Molle, Sweden, 19th May 2006

Bryan D and Rafferty M 2006 'Financial Derivatives: Anchoring the Global Financial System', International Studies Association 47th Annual Convention, San Diego, California, United States, 25th March 2006

2005

4
Journal Article/s

Oxelheim L and Rafferty M 2005 'On the static efficiency of secondary bond markets', Journal of Multinational Financial Management, vol.15:2, pp. 117-35

5
Conference Paper/s

Rafferty M 2005 'Voting Bloc Concentration and Liquidity in Central European Capital Markets: Does ownership or voting rights matter?', Workshop on Corporate Governance, European Corporate Governance Network, Mallorca, Spain, 1st - 28th February 2005

2004

2
Book Section/s

Rafferty M and Ham R 2004 'The Global Race for FDI: The Case of Australian Investment in Europe' in European Union and the Race for Foreign Direct Investment in Europe, ed. P. Ghauri and L. Oxelheim , Elsevier and Oxford University Press, London, United Kingdom, pp. 209-36 Link

5
Conference Paper/s

Bryan D and Rafferty M 2004 'From the Joint Stock Company to Financial Derivatives', Australian Society of Heterodox Economics, Annual Conference, UNSW Sydney, Australia, 1st - 31st December 2004

Rafferty M, Olsson M and Lonnborg M 2004 'Financial Markets in Central and East Europe and the Baltics (CEB):A Contribution to Post-transition Economic Analysis', European Association of Political Economy Annual Conference, Crete, Greece, 1st - 31st October 2004

Rafferty M, Olsson M and Lonnborg M 2004 'Financial Markets in Central and East Europe and the Baltics (CEB): A Contribution to Post-transition Economic Analysis', 8th annual conference of the European Business History Association (EBHA) on Industry and Services, Universitat Pompeu Fabra Barcelona, Spain, 18th September 2004

Rafferty M and Coates N 2004 'Towards a political economy of capital flight and tax havens – evidence from the IMF co-ordinated portfolio investment surveys', Alternative perspectives in Finance Conference, University of Stockholm, Sweden, 1st - 31st July 2004

Rafferty M, Olsson M and Stickley A 2004 'Ownership Concentration And Stock-Market Liquidity: A Study Of Five Central And East European Economies', Swedish Network for European Economics, Molle, Sweden, 15th May 2004

2003

1
Book/s

Rafferty M 2003 'Money and Finance in Transition: research in Contemporary and Historical Finance', ed. Lonnborg, M et al., Sodertorn Academic Studies, Stockholm, Sweden

2
Book Section/s

Rafferty M, Lonnborg M and Olsson M 2003 'Introduction' in Money and Finance in Transition, ed. M.Lonnborg et al.

Rafferty M 2003 'Financing Foreign Direct Investment in Recent International Capital Flows' in Money and Finance in Transition, ed. M.Lonnborg et al.

Rafferty M, Lonnborg M and Ogren A 2003 'One Hundred and Fifty Year of Financial Crises in Sweden' in In The Same Boat: A Festrschrift for Mats Larsson, ed. Y. Hasselberg and P. Hedberg, Uppsala Studies in Economic History, Uppsala University

5
Conference Paper/s

Bryan D and Rafferty M 2003 'From one commodity money to another', Australian Society of Heterodox Economics, 2nd annual Conference, Sydney, Australia, 1st - 31st December 2003

Rafferty M and Oxelheim L 2003 'Responsiveness to Financial Innovations as a Measure of the Dynamic Efficiency of Bond Markets', European Association of University Teachers of Banking & Finance Annual Meeting, Dublin, Ireland, 7th September 2003

Research Grants

2012-2014

Systems of Tax Evasion and Laundering: Locating Global Wealth Chains in the Global Political Economy

Norwegian Research Council

2012-2014

Financial Eruptions and Disruptions

Jan Wallander Foundation

2011-2015

Risk shifting, retirement and low-paid work

This project will respond to the pressing need for greater understanding of the new socio-economic terrain of social risk shifting. The project will situate retirement financing within a discourse of risk shift to households and individuals, which is seeing social roles and identities tied, in cultural as well as monetary ways, into global finance.

ARC Federation Fellowship

See all Business School Grants

Research Expertise

  • Finance and financial markets
  • Corporate governance
  • Transition economics
  • International economics and business
  • Political economy
  • Monetary theory
  • Australian economic policy
  • Balance of Payments
  • Globalisation