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M.S. Gradinger Verena

Verena-Gradinger

Freie Universität Berlin

Promotionskolleg EQUALFIN

PhD Projekt "Safe Assets for Whom? The Role of Sovereign Bonds for International Monetary Hierarchy and Global Inequality"

Address
Garystraße 21
Room K022
14195 Berlin

Education

Since 10/2026

PhD Student, EQUALFIN

09/2024 – 09/2025

Master degree (MSc) in “Development Economics” at SOAS University of London
Thesis: “Governing Money Markets: The Changing Role of Treasury Bonds in Federal Reserve Policy in the 21st Century”

10/2020 – 06/2024

Bachelor degree (BSc) in “Business, Economics and Social Science” (Major: Economics) at Vienna University of Economics and Business (WU)
Thesis: “The Effects of Fossil Energy Price Shocks on the Austrian Economy”

10/2019 – 03/2024

Bachelor degree (BA) in “Political Science” at University of Vienna
Thesis: “Ecological Imperialism in the European Periphery: The Case of Neptun Deep”

Work Experience 

Since 02/2025

Research Associate, Global Climate Forum, Berlin (OBFA-TRANSFORM: The Political Economy of Financing Large-Scale Transformations)

02/2026 – 06/2026

External Lecturer, University of Applied Sciences BFI Vienna

06/2022 – 06/2024

Student Coordinator, Center for Students of Economics, Department of Economics, WU Vienna

10/2020 – 06/2024

Tutor in “Politics and Law”, Department of Political Science, University of Vienna

08/2022, 08/2023 – 09/2023

Intern, Research Funding Group, Oesterreichische Nationalbank (OeNB), Vienna

Research Project

Project Title: “Safe Assets for Whom? The Role of Sovereign Bonds for International Monetary Hierarchy and Global Inequality”

Supervisors: Prof. Barbara Fritz, Dr. Steffen Murau

In her research, Verena examines the role of sovereign bonds in the hierarchy of money and their contribution to global inequalities. Her project analyses how government debt functions both as a ‘safe asset’ in financial markets and as a core component of modern credit money creation. Focusing on US Treasuries as the anchor of the international money hierarchy, she traces who holds sovereign debt and how the demand for safe assets relates to the distribution of wealth and profits across sectors and countries. Drawing on the Monetary Architecture framework, she combines balance-sheet analysis with flow-of-funds data and financial econometrics to investigate how public debt and private finance have become intertwined through interna tional markets. A central question is how this affects the monetary sovereignty of states, especially in the periphery of the global financial system. Her research contributes to debates on the nature of modern capitalist money, state–market relations, and how the international monetary hierarchy shapes inequalities within and between countries.