This chapter focusses on the specific case of emerging economies. It unpacks the additional social constraints that emerging economies face in managing cross-border finance due to their subordinate positionality in the relational geographies of money-power, but also due to the raced and gendered components of contemporary financial and monetary relations. The chapter argues that as a result of these factors, the contradictory relationship between the state, money, and financial capital takes a particularly acute form of realisation in emerging markets, making the management of monetary and financial affairs considerably more difficult for the capitalist state. This constitutes an additional layer of social determination on cross-border finance management in emerging markets. The chapter scrutinises the concrete material manifestations of this process, in terms of both patterns of financial capital flows and the specific challenges that emerging markets face when managing cross-border finance. The alternative conception of cross-border finance management in emerging markets developed in this chapter and the previous one provides a theoretical framework for the more empirically grounded chapters in the second part of the book.