Selected Work

Publications, Analysis & Research Projects

Research and analysis across macroeconomics, global markets and international political economy, spanning geopolitics and geoeconomics, sovereign and systemic risk, monetary and financial policy, and the interaction of finance, technology and innovation.

The page also features applied R&D led through GlobeEye, using satellite data, alternative data and AI to develop environmental intelligence for finance, business and public policy, with projects covering air and water pollution, forest biomass, carbon measurement and natural assets.

Sovereign Risk and Financial Crisis

The International Political Economy of the Eurozone

Palgrave Macmillan · 2015

An international political economy analysis of how domestic and global political dynamics influence sovereign credibility in financial markets. The book examines how institutions, policy choices and market perceptions interact during periods of financial stress, offering a framework for understanding sovereign risk and financial stability.

“This book should be read by all those interested in how markets and politics interrelate.”
Andrew Walter, University of Melbourne
View on Springer
Sovereign Risk and Financial Crisis — book cover

Selected writing

Selected research, policy analysis and commentary.

Blog post June 2026

The 3S of Geopolitics for Business: Structural, Systemic, Strategic

LSE International Relations blog
Blog post April 2026

Geopolitics is back in Markets, and Markets are back in Geopolitics

LSE International Relations blog
Blog post October 2015

Rational and Behavioural Drivers of Financial Markets: the case of ‘search for yield’

Bank Underground, Bank of England
Report & working paper

Written evidence on the European Central Bank for the House of Lords

UK Parliament, House of Lords Select Committee on the European Union

Technology Research & Development

Applied research fusing Earth observation, alternative data and AI to generate environmental intelligence and support the measurement and valuation of natural assets.

GlobeEye Deep tech startup

Founded by Silvia Pepino, GlobeEye develops satellite-data and AI applications for environmental monitoring and green finance.

See more

R&D projects

Horizon Europe

Thinking Earth

As part of a Horizon Europe-funded research project developing Copernicus Foundation Models, GlobeEye worked on applications for forest biomass estimation in the Amazon.

thinking-earth.eu European Space Agency

Carbon Eagle

An ESA-funded GlobeEye project using satellite data and AI to support forest-carbon measurement and valuation.

business.esa.int Publicly funded

Space2Breathe

A publicly funded GlobeEye project using satellite data and AI to monitor air quality at high resolution and large scale.

space2breathe.eu European Space Agency

WaterSentinel

An ESA-funded GlobeEye project using satellite data and AI to support water quality monitoring.

business.esa.int

Press & Media

Commentary and coverage in the international press.

France 24 July 2026 Les défis qui attendent Andy Burnham à Downing Street Read WealthBriefing February 2026 Understanding Geopolitics To Gain Wealth Edge Read Startupbusiness September 2024 The 50 winners of the Italian edition of the InspiringFifty award Read The Wall Street Journal November 2015 The Search for Yield and Financial Market Drivers Read The New York Times July 2008 Industrial output across the euro area Read The New York Times February 2008 Wage pressure and the inflation outlook Read

Research and Analysis Areas

The themes running through the research, the advisory work and the writing.

  • International money and finance

  • Geopolitics, geoeconomics and markets

  • Sovereign risk, policy space and capital markets

  • Financial innovation and strategic investment

  • Financial stability, risk and market-based finance

  • AI, geospatial intelligence and governance

  • Natural assets and carbon finance

  • Machine learning and Earth observation